Comparative Balance Sheet (dollars in millions) Ending Beginning Balance Balance Assets Current assets 43 89 Cash and cash equivalents 624 680 Accounts receivable 626 670 Inventory Total current assets 1,393 1,339 Property, plant, and equipment 1,545 1.520 794 663 Less accumulated depreciation Net property, plant, and equipment 751 857 Total assets 2,144 2,196 Liabilities and Stockholders' Equity Current liabilities Accounts payable 268 164 Accrued liabilities 166 184 Income taxes payable 85 76 Total current liabilities 537 406 Bonds payable 435 640 Total liabilities 972 1,046 Stockholders' equity: Common stock 165 165 Retained earnings 1,007 985 Total stockholders' equity 1.172 1.150 Total liabilities and stockholders' equity 2,144 2,196