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Consolidated Balance Sheet (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current Assets    
Cash and temporary investments $ 1,802 $ 1,302
Accounts and notes receivable, less allowances of $109 in 2013 and $119 in 2012 3,756 3,562
Inventories 2,825 2,730
Deferred income tax assets 302 323
Assets of businesses held for sale 0 759
Other current assets 340 229
Total Current Assets 9,025 8,905
Plants, Properties and Equipment, net 13,672 13,949
Forestlands 557 622
Investments 733 887
Financial Assets of Special Purpose Entities (Note 12) 2,127 2,108
Goodwill 3,987 4,315
Deferred Charges and Other Assets 1,427 1,367
TOTAL ASSETS 31,528 32,153
Current Liabilities    
Notes payable and current maturities of long-term debt 661 444
Accounts payable 2,900 2,775
Accrued payroll and benefits 511 508
Liabilities of businesses held for sale 0 44
Other accrued liabilities 1,055 1,227
Total Current Liabilities 5,127 4,998
Long-Term Debt 8,827 9,696
Nonrecourse Financial Liabilities of Special Purpose Entities (Note 12) 2,043 2,036
Deferred Income Taxes 3,765 3,026
Pension Benefit Obligation 2,205 4,112
Postretirement and Postemployment Benefit Obligation 412 473
Other Liabilities 702 1,176
Redeemable Noncontrolling Interest 163 0
Commitments and Contingent Liabilities (Note 11)      
Equity    
Common stock $1 par value, 2013 – 447.2 shares and 2012 – 439.9 shares 447 440
Paid-in capital 6,463 6,042
Retained earnings 4,446 3,662
Accumulated other comprehensive loss (2,759) (3,840)
Total Shareholders' Equity Before Treasury Stock 8,597 6,304
Less: Common stock held in treasury, at cost, 2013 – 10.868 shares and 2012 – 0.013 shares 492 0
Total Shareholders’ Equity 8,105 6,304
Noncontrolling interests 179 332
Total Equity 8,284 6,636
TOTAL LIABILITIES AND EQUITY $ 31,528 $ 32,153