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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 1,325 $ 1,881
Accounts receivable 4,398 3,543
Inventories 2,045 1,822
Deferred tax assets 206 77
Prepaid expenses and other 172 162
Total current assets 8,146 7,485
Investments 438 575
Fixed assets, net 4,236 3,742
Goodwill 1,196 1,194
Deferred tax assets 69 60
Other assets 594 618
Consolidated total assets 14,679 13,674
Current liabilities    
Bank indebtedness 162 20
Accounts payable 3,961 3,496
Accrued salaries and wages 525 456
Other accrued liabilities 1,002 891
Income taxes payable 5 55
Deferred tax liabilities 44 31
Long-term debt due within one year 25 19
Total current liability 5,724 4,968
Long-term employee benefit liabilities 419 356
Long-term debt 46 47
Other long-term liabilities 207 185
Deferred tax liabilities 81 92
Total liability 6,477 5,648
Shareholders' equity    
Common Shares [issued: 233,317,792; 2010 - 242,564,616] 4,373 4,500
Contributed surplus 63 56
Retained earnings 3,317 2,715
Accumulated other comprehensive income 422 752
Stockholders equity attributable to Magna International Inc 8,175 8,023
Non-controlling interest 27 3
Total stockholder's equity 8,202 8,026
Total liability and stockholders' equity $ 14,679 $ 13,674