Required: 1. a. What is the amount of any AFS investment securities reported in the balance sheet? b. In which current and noncurrent asset categories are AFS investments reported by Merck? c. Is there an amount you can't find in the balance sheet but that you know must be there? December 31 ($ in millions except per share amounts) Assets Current Assets Cash and cash equivalents Short-term investments Accounts receivable (net of allowance for doubtful accounts of $195 in 2016 and $165 in 2015) (excludes accounts receivable of $10 in 2015 classified in Other assets) Inventories (excludes inventories of $1,117 in 2016 and $1,569 in 2015 classified in Other assets - see Note 6) Other current assets Total current assets Investments Property, Plant and Equipment (at cost) Land Buildings Machinery, equipment and office furnishings Construction in progress Less: accumulated depreciation Goodwill Other Intangibles, Net Other Assets 2016 2015 S 6,515 8,524 7,826 4,903 7,018 6,484 4,866 4,700 4,389 5,140 30,614 29,751 11,416 13,039 412 490 11,439 12,154 14,053 14,261 1,871 1,525 27,775 28,430 15,749 15,923 12,026 12,507 18,162 17,723 17,305 22,602 5,854 6,055 $ 95,377 101,677 Liabilities and Equity Current Liabilities Loans payable and current portion of long-term debt Trade accounts payable Accrued and other current liabilities Income taxes payable Dividends payable Total current liabilities Long-Term Debt Deferred Income Taxes Other Noncurrent Liabilities Merck & Co., Inc. Stockholders' Equity Common stock, $0.50 par value Authorized - 6,500,000,000 shares Issued - 3,577,103,522 shares in 2016 and 2015 Other paid-in capital Retained earnings Accumulated other comprehensive loss Less treasury stock, at cost: 828,372,200 shares in 2016 and 795,975,449 shares in 2015 Total Merck & Co., Inc. stockholders' equity Noncontrolling Interests Total equity 568 2,583 2,807 2,533 10,274 11,216 2,239 1,560 1,316 1,309 17,204 19,201 24,274 23,829 5,077 6,535 8,514 7,345 1,788 1,788 39,939 40,222 44,133 45,348 (5,226) (4,148) 80,634 83,210 40,546 38,534 40,088 44,676 220 91 40,308 44,767 S 95,377 S 101,677