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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and equivalents $ 2,337 $ 4,009
Receivables (net of allowances for bad debts of $725 and $175) 5,036 3,922
Inventories 2,396 2,275
Prepaid income taxes 133 585
Other current assets 875 886
Total current assets 10,777 11,677
Property, plant and equipment (net of accumulated depreciation of $12,249 and $11,198) 8,521 8,532
Goodwill 2,693 2,414
Deferred income taxes 1,230 1,960
Other assets 1,864 2,417
Total assets 25,085 27,000
Current liabilities:    
Accounts payable 2,554 1,764
Accrued employee compensation and benefits 746 544
Short-term borrowings and current maturities of long-term debt 512 170
Deferred revenue 257 261
Taxes other than income 231 218
Liabilities for Macondo well incident 0 369
Other current liabilities 562 697
Total current liabilities 4,862 4,023
Long-term debt 10,430 12,214
Employee compensation and benefits 609 574
Other liabilities 835 741
Total liabilities 16,736 17,552
Shareholders’ equity:    
Common shares, par value $2.50 per share (authorized 2,000 shares, issued 1,069 and 1,070 shares) 2,673 2,674
Paid-in capital in excess of par value 207 201
Accumulated other comprehensive loss (469) (454)
Retained earnings 12,668 14,141
Treasury stock, at cost (196 and 204 shares) (6,757) (7,153)
Company shareholders’ equity 8,322 9,409
Noncontrolling interest in consolidated subsidiaries 27 39
Total shareholders’ equity 8,349 9,448
Total liabilities and shareholders’ equity $ 25,085 $ 27,000