Current share price (P) $137.18 No. shares of common stock 2,631,872,399 outstanding US$ in millions Common equity (market 361,040 value) 1 Add: Preferred stock, without par value, unissued (per books) Total equity 361,040 Add: Loans and notes payable 2,796 (per books) Add: Long-term debt, 27,684 excluding current portion (per books) Total equity and debt 391,520 Less: Cash and cash 18,107 equivalents Less: Marketable securities 1,580 Enterprise value (EV) 371,833 Based on: 10-K (filing date: 2019-02-20). Common equity (market value) = Share price x No. shares of common stock outstanding = 137.18 x 2,631,872,399