ABC Company Balance Sheet As of January 31, 2016 and 2017 USD ($) in Millions USD ($) in Millions Jan. 31, 2016 Jan. 31, 2017 Current Assets Cash and cash equivalents $ 1,532 $ 857 Accounts Receivable, net 1,725 1,760 Merchandise inventories 3,939 4,179 Other current assets 369 321 Total Current Assets 7,565 7,117 Long-Term Assets Property and equipment, net 8,515 9,105 Intangible assets, net 238 229 Total Long-Term Assets 8,753 9,334 Total Assets $ 16,318 $ 16,451 Current Liabilities Accounts payable $ 1,636 $ 1,401 Accrued liabilities 1,285 1,356 Income taxes payable 83 135 Current portion of long-term debt 115 127 Total Current Liabilities 3, 119 3,019 Non-current Liabilities Long-term debt 5,608 6,055 Total Liabilities 8,727 9,074 Shareholders' Equity Common stock - 367 and 370 shares issued & OS 4 4 Paid-in capital 2,723 2,957 Treasury stock, at cost, 166 & 184 (8,744) (9,714)