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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents $ 314 $ 359
Accounts receivable, net of allowance for doubtful accounts of $291 and $265 as of June 30, 2017 and December 31, 2016, respectively 947 926
Inventories 83 82
Prepaid expenses and other current assets 156 164
Total current assets 1,500 1,531
Property, plant and equipment, net 1,045 1,029
Goodwill 6,080 6,000
Intangible assets, net 949 949
Investment in equity method investees 451 443
Other assets 146 148
Total assets 10,171 10,100
Liabilities and Stockholders' Equity    
Accounts payable and accrued expenses 912 975
Current portion of long-term debt 5 6
Total current liabilities 917 981
Long-term debt 3,732 3,728
Other liabilities 709 654
Commitments and contingencies
Redeemable noncontrolling interest 80 77
Quest Diagnostics stockholders’ equity:    
Common stock, par value $0.01 per share; 600 shares authorized as of both June 30, 2017 and December 31, 2016; 216 shares issued as of both June 30, 2017 and December 31, 2016 2 2
Additional paid-in capital 2,565 2,545
Retained earnings 6,847 6,613
Accumulated other comprehensive loss (60) (72)
Treasury stock, at cost; 80 shares and 79 shares as of June 30, 2017 and December 31, 2016, respectively (4,657) (4,460)
Total Quest Diagnostics stockholders' equity 4,697 4,628
Noncontrolling interests 36 32
Total stockholders' equity 4,733 4,660
Total liabilities and stockholders' equity $ 10,171 $ 10,100