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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Assets    
Cash and cash equivalents $ 133 $ 192
Accounts receivable, net of allowance for doubtful accounts of $254 and $250 at December 31, 2015 and 2014, respectively 901 932
Inventories 84 110
Deferred income taxes 0 169
Prepaid expenses and other current assets 207 186
Assets held for sale 176 14
Total current assets 1,501 1,603
Property, plant and equipment, net 925 933
Goodwill 5,905 6,032
Intangible assets, net 984 1,071
Investment in equity method investees 473 46
Other assets 174 172
Total assets 9,962 9,857
Liabilities and Stockholders' Equity    
Accounts payable and accrued expenses 1,014 1,191
Current portion of long-term debt 159 518
Total current liabilities 1,173 1,709
Long-term debt 3,492 3,224
Other liabilities $ 514 $ 594
Commitments and contingencies
Redeemable noncontrolling interest   $ 0
Quest Diagnostics stockholders’ equity:    
Common stock, par value $0.01 per share; 600 shares authorized at both December 31, 2015 and 2014; 216 shares and 215 shares issued at December 31, 2015 and 2014, respectively $ 2 2
Additional paid-in capital 2,481 2,418
Retained earnings 6,199 5,723
Accumulated other comprehensive (loss) income (38) (27)
Treasury stock, at cost; 73 shares and 71 shares at December 31, 2015 and 2014, respectively (3,960) (3,815)
Total Quest Diagnostics stockholders' equity 4,684 4,301
Noncontrolling interests 29 29
Total stockholders' equity 4,713 4,330
Total liabilities and stockholders' equity $ 9,962 $ 9,857