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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 9,354 $ 6,549
Short-term investments 2,407 2,726
Accounts and notes receivable, less allowance for doubtful accounts of $89 and $90 2,896 3,977
Inventories 1,243 1,245
Other current assets 650 566
Total current assets 16,550 15,063
Long-term investments 4,387 5,508
Property, plant and equipment, net 3,725 3,850
Intangible assets, net 1,998 2,149
Goodwill 17,137 17,090
Deferred income taxes 1,169 1,164
Other assets, net 1,779 1,788
Total assets 46,745 46,612
Current liabilities:    
Accounts payable 1,158 1,644
Accrued expenses 2,739 3,123
Income taxes payable 285 609
Short-term debt (See Note 4) 800 1,299
Deferred revenue 6,421 6,210
Total current liabilities 11,403 12,885
Income taxes payable 487 461
Deferred revenue 4,750 4,592
Long-term debt (See Note 4) 5,479 5,475
Other liabilities 471 480
Total liabilities 22,590 23,893
Commitments and contingencies (See Note 13)
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 1,957 and 1,943 shares 20 19
Additional paid-in capital 0 0
Retained earnings 22,679 21,700
Accumulated other comprehensive loss, net (561) (579)
Total EMC Corporation’s shareholders’ equity 22,138 21,140
Non-controlling interests 2,017 1,579
Total shareholders’ equity 24,155 22,719
Total liabilities and shareholders’ equity $ 46,745 $ 46,612