Dow Chemical 2015 Annual Report Download - page 82

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The Dow Chemical Company and Subsidiaries
Consolidated Balance Sheets
(In millions, except share amounts) At December 31 2015 2014
Assets
Current Assets
Cash and cash equivalents (variable interest entities restricted - 2015: $158; 2014: $190) $ 8,577 $ 5,654
Accounts and notes receivable:
Trade (net of allowance for doubtful receivables - 2015: $94; 2014: $110) 4,078 4,685
Other 3,768 4,687
Inventories 6,871 8,101
Deferred income tax assets - current 827 812
Other current assets 354 316
Total current assets 24,475 24,255
Investments
Investment in nonconsolidated affiliates 3,958 4,201
Other investments (investments carried at fair value - 2015: $1,866; 2014: $2,009) 2,923 2,439
Noncurrent receivables 765 620
Total investments 7,646 7,260
Property
Property 50,802 55,230
Less accumulated depreciation 32,948 37,179
Net property (variable interest entities restricted - 2015: $1,717; 2014: $2,726) 17,854 18,051
Other Assets
Goodwill 12,154 12,632
Other intangible assets (net of accumulated amortization - 2015: $3,770; 2014: $3,737) 3,617 3,768
Deferred income tax assets - noncurrent 1,694 2,135
Asbestos-related insurance receivables - noncurrent 51 62
Deferred charges and other assets 535 524
Total other assets 18,051 19,121
Total Assets $ 68,026 $ 68,687
Liabilities and Equity
Current Liabilities
Notes payable $ 454 $ 551
Long-term debt due within one year 541 382
Accounts payable:
Trade 3,577 4,481
Other 2,287 2,299
Income taxes payable 452 361
Deferred income tax liabilities - current 100 105
Dividends payable 592 563
Accrued and other current liabilities 3,212 2,839
Total current liabilities 11,215 11,581
Long-Term Debt (variable interest entities nonrecourse - 2015: $487; 2014: $1,216) 16,215 18,741
Other Noncurrent Liabilities
Deferred income tax liabilities - noncurrent 575 622
Pension and other postretirement benefits - noncurrent 9,119 10,459
Asbestos-related liabilities - noncurrent 387 438
Other noncurrent obligations 4,332 3,290
Total other noncurrent liabilities 14,413 14,809
Redeemable Noncontrolling Interest — 202
Stockholders’ Equity
Preferred stock, series A ($1.00 par, $1,000 liquidation preference, 4,000,000 shares) 4,000 4,000
Common stock (authorized 1,500,000,000 shares of $2.50 par value each;
issued 2015: 1,242,794,836 shares; 2014: 1,242,763,276 shares) 3,107 3,107
Additional paid-in capital 4,936 4,846
Retained earnings 28,425 23,045
Accumulated other comprehensive loss (8,667) (8,017)
Unearned ESOP shares (272) (325)
Treasury stock at cost (2015: 125,853,161 shares; 2014: 85,168,571 shares) (6,155) (4,233)
The Dow Chemical Company’s stockholders’ equity 25,374 22,423
Non-redeemable noncontrolling interests 809 931
Total equity 26,183 23,354
Total Liabilities and Equity $ 68,026 $ 68,687
See Notes to the Consolidated Financial Statements.