3M COMPANY Consolidated Balance Sheets At December 31 ($ millions) Current assets 2018 2017 Cash and cash equivalents. Marketable securities Accounts receivable Total inventories $ 2,853 $ 3,053 380 1,076 4,911 5,020 4,366 Prepaids Other current assets. 4,034 741 937 Total current assets. 349 266 13,709 8,738 10,051 2,657 1,345 Property, plant and equipment, net. 14,277 8,866 Goodwill 10,513 2,936 1,395 Intangible assets-net Other assets. Total assets $36,500 $37,987 Current liabilities Short-term borrowings and current portion of long-term debt.. Accounts payable Accrued payroll. $ 1,853 1,945 $ 1,211 2,266 749 870 243 310 Accrued income taxes. 2,775 2,709 Other current liabilities 7,687 7,244 13,411 Total current liabilities 12,096 3,620 Long-term debt... Pension and postretirement benefits Other liabilities 2,987 3,010 2,962 26,652 26,365 Total liabilities. continued 00000000 IRII
3M COMPANY Consolidated Balance Sheets At December 31 ($ millions) Current assets 2018 2017 Cash and cash equivalents. Marketable securities Accounts receivable Total inventories $ 2,853 $ 3,053 380 1,076 4,911 5,020 4,366 Prepaids Other current assets. 4,034 741 937 Total current assets. 349 266 13,709 8,738 10,051 2,657 1,345 Property, plant and equipment, net. 14,277 8,866 Goodwill 10,513 2,936 1,395 Intangible assets-net Other assets. Total assets $36,500 $37,987 Current liabilities Short-term borrowings and current portion of long-term debt.. Accounts payable Accrued payroll. $ 1,853 1,945 $ 1,211 2,266 749 870 243 310 Accrued income taxes. 2,775 2,709 Other current liabilities 7,687 7,244 13,411 Total current liabilities 12,096 3,620 Long-term debt... Pension and postretirement benefits Other liabilities 2,987 3,010 2,962 26,652 26,365 Total liabilities. continued 00000000 IRII
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 14.1BE: Horizontal analysis The comparative accounts payable and long-term debt balances for a company...
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Trying to calculate NOA based on the attached picture:
Consolidated Statements Of Earnings | ||
$ millions | Dec. 31, 2018 | Dec. 31, 2017 |
FROM PRIOR REVIEW (NOA) | ||
Operating assets | ||
Operating liabilities | ||
Net operating assets (NOA) |
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