(Millions of dollars) |
At December 31, |
2016 |
2015 |
Assets |
|
|
Current assets |
|
|
Cash and cash equivalents |
1,085 |
772 |
Accounts receivable, net of allowance of $185 and $160, respectively |
2,711 |
2,530 |
Inventories |
2,623 |
2,619 |
Prepaid and other current assets |
920 |
953 |
Total current assets |
7,339 |
6,874 |
Property, net of accumulated depreciation of $6,055 and $5,953, respectively |
3,810 |
3,774 |
Goodwill |
2,956 |
3,006 |
Other intangibles, net of accumulated amortization of $387 and $327, respectively |
2,552 |
2,678 |
Deferred income taxes |
2,154 |
2,301 |
Other noncurrent assets |
342 |
377 |
Total assets |
19,153 |
19,010 |
Liabilities and stockholders’ equity |
|
|
Current liabilities |
|
|
Accounts payable |
4,416 |
4,403 |
Accrued expenses |
649 |
675 |
Accrued advertising and promotions |
742 |
706 |
Employee compensation |
390 |
452 |
Notes payable |
34 |
20 |
Current maturities of long-term debt |
560 |
508 |
Other current liabilities |
871 |
980 |
Total current liabilities |
7,662 |
7,744 |
Noncurrent liabilities |
|
|
Long-term debt |
3,876 |
3,470 |
Pension benefits |
1,074 |
1,025 |
Postretirement benefits |
334 |
390 |
Other noncurrent liabilities |
479 |
707 |
Total noncurrent liabilities |
5,763 |
5,592 |
Stockholders’ equity |
|
|
Common stock, $1 par value, 250 million shares authorized, 111 million shares issued, and 74 million and 77 million shares outstanding, respectively
|
111 |
111 |
Additional paid-in capital |
2,672 |
2,641 |
Retained earnings |
7,314 |
6,722 |
Accumulated other comprehensive loss |
(2,400) |
(2,332) |
Treasury stock, 37 million and 33 million shares, respectively |
(2,924) |
(2,399) |
Total Whirlpool stockholders’ equity |
4,773 |
4,743 |
Noncontrolling interests |
955 |
931 |
Total stockholders’ equity |
5,728 |
5,674 |
Total liabilities and stockholders’ equity |
19,153 |
19,010 |