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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 1,198 $ 1,234
Accounts receivable 7,881 6,791
Inventories 4,606 4,180
Prepaid expenses and other 352 320
Total current assets 14,037 12,525
Investments 1,273 1,429
Fixed assets, net 9,618 8,173
Operating lease right-of-use assets 1,744 1,595
Intangible assets, net 876 452
Goodwill 2,767 2,031
Other assets 1,319 1,093
Deferred tax assets 621 491
Consolidated total assets 32,255 27,789
Current liabilities    
Short-term borrowing 511 8
Accounts payable 7,842 6,999
Other accrued liabilities 2,626 2,118
Accrued salaries and wages 912 850
Income taxes payable 125 93
Long-term debt due within one year 819 654
Current portion of operating lease liabilities 399 276
Total current liability 13,234 10,998
Long-term debt 4,175 2,847
Operating lease liabilities 1,319 1,288
Long-term employee benefit liabilities 591 548
Other long-term liabilities 475 461
Deferred tax liabilities 184 312
Total liability 19,978 16,454
Shareholders' equity    
Common Shares [issued: 2023 – 286,552,908; 2022 – 285,931,816] 3,354 3,299
Contributed surplus 125 111
Retained earnings 9,303 8,639
Accumulated other comprehensive loss (898) (1,114)
Stockholders equity attributable to Magna International Inc 11,884 10,935
Non-controlling interests 393 400
Total stockholder's equity 12,277 11,335
Total liability and stockholders' equity $ 32,255 $ 27,789