CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 7,224	$ 6,549
Short-term investments	2,577	2,726
Accounts and notes receivable, less allowance for doubtful accounts of $83 and $90	2,941	3,977
Inventories	1,233	1,245
Other current assets	625	566
Total current assets	14,600	15,063
Long-term investments	5,169	5,508
Property, plant and equipment, net	3,806	3,850
Intangible assets, net	2,059	2,149
Goodwill	17,099	17,090
Deferred income taxes	1,173	1,164
Other assets, net	1,797	1,788
Total assets	45,703	46,612
Current liabilities:
Accounts payable	1,038	1,644
Accrued expenses	2,722	3,123
Income taxes payable	124	609
Short-term debt (See Note 3)	925	1,299
Deferred revenue	6,477	6,210
Total current liabilities	11,286	12,885
Income taxes payable	466	461
Deferred revenue	4,741	4,592
Long-term debt (See Note 3)	5,477	5,475
Other liabilities	483	480
Total liabilities	$ 22,453	$ 23,893
Commitments and contingencies (See Note 12)
Shareholders’ equity:
Preferred stock, par value $0.01; authorized 25 shares; none outstanding	$ 0	$ 0
Common stock, par value $0.01; authorized 6,000 shares; issued and outstanding 1,953 and 1,943 shares	20	19
Additional paid-in capital	0	0
Retained earnings	22,111	21,700
Accumulated other comprehensive loss, net	(558)	(579)
Total EMC Corporation’s shareholders’ equity	21,573	21,140
Non-controlling interests	1,677	1,579
Total shareholders’ equity	23,250	22,719
Total liabilities and shareholders’ equity	$ 45,703	$ 46,612