Consolidated Balance Sheets

(Millions of dollars)

At December 31, 2015 2014
Assets    
Current assets    
Cash and cash equivalents $772 $1,026
Accounts receivable, net of allowance of $160 and $154, respectively 2,530 2,768
Inventories 2,619 2,740
Deferred income taxes 451 417
Prepaid and other current assets 953 1,147
Total current assets 7,325 8,098
Property, net of accumulated depreciation of $5,953 and $5,959, respectively 3,774 3,981
Goodwill 3,006 2,807
Other intangibles, net of accumulated amortization of $327 and $267, respectively 2,678 2,803
Deferred income taxes 1,850 1,900
Other noncurrent assets 377 413
Total assets $19,010 $20,002
Liabilities and stockholders’ equity    
Current liabilities    
Accounts payable $4,403 $4,730
Accrued expenses 675 852
Accrued advertising and promotions 706 673
Employee compensation 452 499
Notes payable 20 569
Current maturities of long-term debt 508 234
Other current liabilities 980 846
Total current liabilities 7,744 8,403
Noncurrent liabilities    
Long-term debt 3,470 3,544
Pension benefits 1,025 1,123
Postretirement benefits 390 446
Other noncurrent liabilities 707 690
Total noncurrent liabilities 5,592 5,803
Stockholders’ equity    
Common stock, $1 par value, 250 million shares authorized, 111 million and 110 million shares issued, and 77 million and 78 million shares outstanding, respectively 111 110
Additional paid-in capital 2,641 2,555
Retained earnings 6,722 6,209
Accumulated other comprehensive loss (2,332) (1,840)
Treasury stock, 33 million and 32 million shares, respectively (2,399) (2,149)
Total Whirlpool stockholders’ equity 4,743 4,885
Noncontrolling interests 931 911
Total stockholders’ equity 5,674 5,796
Total liabilities and stockholders’ equity $19,010 $20,002