Alcoa 2014 Annual Report Download - page 113

Alcoa and subsidiaries
Consolidated Balance Sheet
(in millions)
December 31, 2014 2013
Assets
Current assets:
Cash and cash equivalents (X) $ 1,877 $ 1,437
Receivables from customers, less allowances of $14 in 2014 and $20 in 2013 (U) 1,395 1,221
Other receivables (U) 733 597
Inventories (G) 3,082 2,705
Prepaid expenses and other current assets 1,182 1,009
Total current assets 8,269 6,969
Properties, plants, and equipment, net (H) 16,426 17,639
Goodwill (A & E) 5,247 3,415
Investments (I) 1,944 1,907
Deferred income taxes (T) 2,754 3,184
Other noncurrent assets (J) 2,759 2,628
Total Assets $37,399 $35,742
Liabilities
Current liabilities:
Short-term borrowings (K & X) $ 54 $ 57
Accounts payable, trade 3,152 2,960
Accrued compensation and retirement costs 937 1,013
Taxes, including income taxes 348 376
Other current liabilities 1,021 1,044
Long-term debt due within one year (K & X) 29 655
Total current liabilities 5,541 6,105
Long-term debt, less amount due within one year (K & X) 8,769 7,607
Accrued pension benefits (W) 3,291 3,183
Accrued other postretirement benefits (W) 2,155 2,354
Other noncurrent liabilities and deferred credits (L) 2,849 2,971
Total liabilities 22,605 22,220
Contingencies and commitments (N)
Equity
Alcoa shareholders’ equity:
Preferred stock (R) 55 55
Mandatory convertible preferred stock (R) 3 -
Common stock (R) 1,304 1,178
Additional capital 9,284 7,509
Retained earnings 9,379 9,272
Treasury stock, at cost (3,042) (3,762)
Accumulated other comprehensive loss (B) (4,677) (3,659)
Total Alcoa shareholders’ equity 12,306 10,593
Noncontrolling interests (M) 2,488 2,929
Total equity 14,794 13,522
Total Liabilities and Equity $37,399 $35,742
The accompanying notes are an integral part of the consolidated financial statements.
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