c o n s o l i d a t e d b a l a n c e s h e e t s
(In millions, except per share amounts) Motorola, Inc. and Consolidated Subsidiaries
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December 31 1996 1995
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Assets
Current assets
Cash and cash equivalents $1,513 $725
Short-term investments 298 350
Accounts receivable, less allowance for doubtful
accounts (1996, $137; 1995, $123) 4,035 4,081
Inventories 3,220 3,528
Future income tax benefits 1,580 1,222
Other current assets 673 604
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Total current assets 11,319 10,510
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Property, plant and equipment, less
accumulated depreciation
(1996, $9,830; 1995, $8,110) 9,768 9,356
Other assets 2,989 2,872
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Total assets $24,076 $22,738
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Liabilities and Stockholders' Equity
Current liabilities
Notes payable and current portion of
long-term debt $1,382 $1,605
Accounts payable 2,050 2,018
Accrued liabilities 4,563 4,170
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Total current liabilities 7,995 7,793
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Long-term debt 1,931 1,949
Deferred income taxes 1,108 968
Other liabilities 1,247 1,043
Stockholders' equity
Common stock, $3 par value
Authorized shares: 1996 and 1995, 1,400
Issued and outstanding shares:
1996, 593.4; 1995, 591.4 1,780 1,774
Preferred stock, $100 par value issuable in series
Authorized shares: 0.5 (none issued) -- --
Additional paid-in capital 1,672 1,750
Retained earnings 8,343 7,461
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Total stockholders' equity 11,795 10,985
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Total liabilities and stockholders' equity $24,076 $22,738
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See accompanying condensed notes to consolidated financial statements.
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