| Year Ending Dec 2023 (Update) | Year Ending Dec 2022 (Update) | Year Ending Dec 2021 (Update) | Year Ending Dec 2020 (Update) | |
|---|---|---|---|---|
| Cash & Equivalents | 368.00 | 422.00 | 504.00 | 226.00 |
| Cash and Short Term Investments | 368.00 | 422.00 | 504.00 | 226.00 |
| Accounts Receivable - Trade, Gross | 1,990.00 | 2,631.00 | 1,724.00 | 1,368.00 |
| Provision for Doubtful Accounts | -56.00 | -46.00 | -55.00 | -32.00 |
| Accounts Receivable - Trade, Net | 1,934.00 | 2,585.00 | 1,669.00 | 1,336.00 |
| Receivables - Other | 1,577.00 | 1,348.00 | 1,272.00 | 1,126.00 |
| Total Receivables, Net | 3,511.00 | 3,933.00 | 2,941.00 | 2,462.00 |
| Inventories - Finished Goods | 284.00 | 429.00 | 284.00 | 233.00 |
| Inventories - Raw Materials | 1,216.00 | 1,076.00 | 1,004.00 | 978.00 |
| Total Inventory | 1,500.00 | 1,505.00 | 1,288.00 | 1,211.00 |
| Restricted Cash - Current | 86.00 | 106.00 | 72.00 | 89.00 |
| Discontinued Operations - Current Asset | 0.00 | 0.00 | 13.00 | 958.00 |
| Other Current Assets | 2,834.00 | 3,394.00 | 3,163.00 | 2,001.00 |
| Other Current Assets, Total | 2,920.00 | 3,500.00 | 3,248.00 | 3,048.00 |
| Total Current Assets | 8,299.00 | 9,360.00 | 7,981.00 | 6,947.00 |
| Machinery/Equipment - Gross | 38,392.00 | 35,910.00 | 35,076.00 | 35,123.00 |
| Construction in Progress - Gross | 1,133.00 | 630.00 | 399.00 | 450.00 |
| Other Property/Plant/Equipment - Gross | 508.00 | 553.00 | 614.00 | 737.00 |
| Property/Plant/Equipment, Total - Gross | 40,033.00 | 37,093.00 | 36,089.00 | 36,310.00 |
| Accumulated Depreciation, Total | -17,423.00 | -16,726.00 | -15,873.00 | -13,370.00 |
| Property/Plant/Equipment, Total - Net | 22,610.00 | 20,367.00 | 20,216.00 | 22,940.00 |
| Goodwill, Net | 425.00 | 0.00 | 0.00 | 47.00 |
| LT Investments - Other | 563.00 | 202.00 | 174.00 | 184.00 |
| Long Term Investments | 563.00 | 202.00 | 174.00 | 184.00 |
| Note Receivable - Long Term | 0.00 | 0.00 | 0.00 | 293.00 |
| Deferred Charges | 0.00 | 0.00 | 1,683.00 | 1,558.00 |
| Deferred Income Tax - Long Term Asset | 52.00 | 44.00 | 32.00 | 6.00 |
| Other Long Term Assets | 18,809.00 | 16,936.00 | 18,000.00 | 16,119.00 |
| Other Long Term Assets, Total | 18,861.00 | 16,980.00 | 19,715.00 | 17,683.00 |
| Total Assets | 50,758.00 | 46,909.00 | 48,086.00 | 48,094.00 |
| Accounts Payable | 0.00 | 2,828.00 | 1,757.00 | 1,253.00 |
| Payable/Accrued | 2,612.00 | 0.00 | 0.00 | 0.00 |
| Accrued Expenses | 67.00 | 973.00 | 809.00 | 920.00 |
| Notes Payable/Short Term Debt | 1,644.00 | 1,159.00 | 2,082.00 | 1,125.00 |
| Current Portion of Long Term Debt/Capital Leases | 121.00 | 143.00 | 1,220.00 | 197.00 |
| Customer Advances | 0.00 | 0.00 | 0.00 | 7.00 |
| Other Payables | 972.00 | 901.00 | 908.00 | 768.00 |
| Discontinued Operations – Current Liability | 0.00 | 0.00 | 3.00 | 375.00 |
| Other Current Liabilities | 903.00 | 1,835.00 | 1,217.00 | 574.00 |
| Other Current liabilities, Total | 1,875.00 | 2,736.00 | 2,128.00 | 1,724.00 |
| Total Current Liabilities | 6,319.00 | 7,839.00 | 7,996.00 | 5,219.00 |
| Long Term Debt | 7,496.00 | 4,466.00 | 4,894.00 | 5,890.00 |
| Total Long Term Debt | 7,496.00 | 4,466.00 | 4,894.00 | 5,890.00 |
| Total Debt | 9,261.00 | 5,768.00 | 8,196.00 | 7,212.00 |
| Deferred Income Tax - Long Term Liability | 3,209.00 | 3,031.00 | 3,703.00 | 3,656.00 |
| Deferred Income Tax | 3,209.00 | 3,031.00 | 3,703.00 | 3,656.00 |
| Minority Interest | 361.00 | 354.00 | 395.00 | 2,277.00 |
| Reserves | 14,118.00 | 12,699.00 | 12,819.00 | 12,054.00 |
| Pension Benefits - Underfunded | 1,802.00 | 1,214.00 | 847.00 | 858.00 |
| Other Long Term Liabilities | 6,528.00 | 6,288.00 | 6,213.00 | 5,741.00 |
| Other Liabilities, Total | 22,448.00 | 20,201.00 | 19,879.00 | 18,653.00 |
| Total Liabilities | 39,833.00 | 35,891.00 | 36,867.00 | 35,695.00 |
| Common Stock | 12,355.00 | 13,274.00 | 0.00 | 0.00 |
| Common Stock, Total | 12,355.00 | 13,274.00 | 0.00 | 0.00 |
| Retained Earnings (Accumulated Deficit) | 761.00 | -496.00 | 11,250.00 | 12,429.00 |
| Cumulative Translation Adjustment | -24.00 | 0.00 | 0.00 | 0.00 |
| Minimum Pension Liability Adjustment | -2,157.00 | 0.00 | 0.00 | 0.00 |
| Other Comprehensive Income | -10.00 | -1,760.00 | -31.00 | -30.00 |
| Other Equity, Total | -2,191.00 | -1,760.00 | -31.00 | -30.00 |
| Total Equity | 10,925.00 | 11,018.00 | 11,219.00 | 12,399.00 |
| Total Liabilities & Shareholders' Equity | 50,758.00 | 46,909.00 | 48,086.00 | 48,094.00 |
| Shares Outstanding – Common Stock Primary Issue | 317.00 | 327.00 | 326.66 | 326.00 |
| Total Common Shares Outstanding | 317.00 | 327.00 | 326.66 | 326.00 |
| Treasury Shares – Common Primary Issue | 0.00 | 0.00 | 0.00 | 0.00 |
| Employees | 13,871.00 | 13,370.00 | 11,696.00 | 12,478.00 |
| Number of Common Shareholders | 70,439.00 | 75,145.00 | 0.00 | 0.00 |
| Deferred Revenue - Current | 0.00 | 0.00 | 0.00 | 7.00 |
| Deferred Revenue - Long Term | 0.00 | 0.00 | 0.00 | 3.00 |
| Total Current Assets less Inventory | 6,799.00 | 7,855.00 | 6,693.00 | 5,736.00 |
| Quick Ratio | 1.08 | 1.00 | 0.84 | 1.10 |
| Current Ratio | 1.31 | 1.19 | 1.00 | 1.33 |
| Net Debt | 9,254.00 | 5,700.00 | 8,087.00 | 9,263.00 |
| Tangible Book Value | 10,500.00 | 11,018.00 | 11,219.00 | 12,352.00 |
| Tangible Book Value per Share | 33.12 | 33.69 | 34.34 | 37.89 |
| Total Long Term Debt, Supplemental | 7,677.00 | 4,650.00 | 6,101.00 | 6,072.00 |
| Long Term Debt Maturing within 1 Year | 121.00 | 143.00 | 1,220.00 | 197.00 |
| Long Term Debt Maturing in Year 2 | 1,010.00 | 110.00 | 1.00 | 1,025.00 |
| Long Term Debt Maturing in Year 3 | 121.00 | 986.00 | 1.00 | 1.00 |
| Long Term Debt Maturing in Year 4 | 705.00 | 121.00 | 901.00 | 1.00 |
| Long Term Debt Maturing in Year 5 | 1,160.00 | 735.00 | 114.00 | 900.00 |
| Long Term Debt Maturing in 2-3 Years | 1,131.00 | 1,096.00 | 2.00 | 1,026.00 |
| Long Term Debt Maturing in 4-5 Years | 1,865.00 | 856.00 | 1,015.00 | 901.00 |
| Long Term Debt Maturing in Year 6 & Beyond | 4,560.00 | 2,555.00 | 3,864.00 | 3,948.00 |
| Total Operating Leases | 650.00 | 710.00 | 777.00 | 907.00 |
| Operating Lease Payments Due in Year 1 | 101.00 | 101.00 | 92.00 | 145.00 |
| Operating Lease Payments Due in Year 2 | 104.00 | 99.00 | 99.00 | 113.00 |
| Operating Lease Payments Due in Year 3 | 104.00 | 102.00 | 97.00 | 100.00 |
| Operating Lease Payments Due in Year 4 | 102.00 | 102.00 | 99.00 | 98.00 |
| Operating Lease Payments Due in Year 5 | 103.00 | 100.00 | 100.00 | 99.00 |
| Operating Lease Payments Due in 2-3 Years | 208.00 | 201.00 | 196.00 | 213.00 |
| Operating Lease Payments Due in 4-5 Years | 205.00 | 202.00 | 199.00 | 197.00 |
| Standardized Operating Lease Payments Due in Year 6 and Beyond | 136.00 | 206.00 | 290.00 | 352.00 |
| Pension Obligation - Domestic | 7,770.00 | 7,275.00 | 0.00 | 0.00 |
| Post-Retirement Obligation | 1,443.00 | 1,360.00 | 0.00 | 0.00 |
| Plan Assets - Domestic | 6,687.00 | 6,660.00 | 0.00 | 0.00 |
| Plan Assets - Post-Retirement | 692.00 | 734.00 | 0.00 | 0.00 |
| Funded Status - Domestic | -1,083.00 | -615.00 | 0.00 | 0.00 |
| Funded Status - Post-Retirement | -751.00 | -626.00 | 0.00 | 0.00 |
| Unfunded Plan Obligations | 1,834.00 | 1,241.00 | 0.00 | 0.00 |
| Total Funded Status | -3,668.00 | -2,482.00 | 0.00 | 0.00 |
| Discount Rate - Domestic | 5.17 | 5.52 | 0.00 | 0.00 |
| Discount Rate - Post-Retirement | 5.15 | 5.50 | 0.00 | 0.00 |
| Compensation Rate - Domestic | 4.25 | 3.75 | 0.00 | 0.00 |
| Compensation Rate - Post-Retirement | 4.25 | 3.75 | 0.00 | 0.00 |
| Prepaid Benefits - Domestic | 0.00 | 0.00 | 0.00 | 0.00 |
| Prepaid Benefits - Post-Retirement | 0.00 | 0.00 | 0.00 | 0.00 |
| Accrued Liabilities - Domestic | -13.00 | -10.00 | 0.00 | 0.00 |
| Accrued Liabilities - Post-Retirement | -19.00 | -17.00 | 0.00 | 0.00 |
| Net Assets Recognized on Balance Sheet | -32.00 | -27.00 | 0.00 | 0.00 |
| Equity % - Domestic | 21.00 | 21.00 | 0.00 | 0.00 |
| Equity % - Post-Retirement | 17.00 | 43.00 | 0.00 | 0.00 |
| Debt Securities % - Domestic | 54.00 | 54.00 | 0.00 | 0.00 |
| Debt Securities % - Post-Retirement | 70.00 | 45.00 | 0.00 | 0.00 |
| Private Investments % - Domestic | 25.00 | 25.00 | 0.00 | 0.00 |
| Private Investments % - Post-Retirement | 13.00 | 12.00 | 0.00 | 0.00 |
| Total Plan Obligations | 11,047.00 | 9,876.00 | 0.00 | 0.00 |
| Total Plan Assets | 7,379.00 | 7,394.00 | 0.00 | 0.00 |
In millions of USD (except for per share items)
Source: LSEG