Halliburton 2015 Annual Report Download - page 64

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47
HALLIBURTON COMPANY
Consolidated Balance Sheets
December 31
Millions of dollars and shares except per share data 2015 2014
Assets
Current assets:
Cash and equivalents $ 10,077 $ 2,291
Receivables (net of allowances for bad debts of $145 and $137) 5,317 7,564
Inventories 2,417 3,571
Assets held for sale 2,115
—
Prepaid expenses 1,051 658
Other current assets 632 563
Total current assets 21,609 14,647
Property, plant, and equipment (net of accumulated depreciation of $9,789 and $11,007) 10,911 12,475
Goodwill 2,109 2,330
Other assets 2,313 2,713
Total assets $ 36,942 $ 32,165
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable $ 2,019 $ 2,814
Accrued employee compensation and benefits 838 1,033
Current maturities of long-term debt 659 14
Liabilities for Macondo well incident 400 367
Deferred revenue 298 349
Taxes other than income 293 407
Other current liabilities 852 882
Total current liabilities 5,359 5,866
Long-term debt 14,687 7,765
Employee compensation and benefits 457 691
Other liabilities 944 1,545
Total liabilities 21,447 15,867
Shareholders’ equity:
Common shares, par value $2.50 per share (authorized 2,000 shares,
issued 1,071 and 1,071 shares) 2,677 2,679
Paid-in capital in excess of par value 274 309
Accumulated other comprehensive loss (363) (399)
Retained earnings 20,524 21,809
Treasury stock, at cost (215 and 223 shares) (7,650) (8,131)
Company shareholders’ equity 15,462 16,267
Noncontrolling interest in consolidated subsidiaries 33 31
Total shareholders’ equity 15,495 16,298
Total liabilities and shareholders’ equity $ 36,942 $ 32,165
See notes to consolidated financial statements.