Question
The firm is looking to expand its operations by 10% of the firm's net property, plant, and equipment. (Calculate this amount by taking 10% of
The firm is looking to expand its operations by 10% of the firm's net property, plant, and equipment. (Calculate this amount by taking 10% of the property, plant, and equipment figure that appears on the firm's balance sheet.)
Consolidated Balance Sheets
(In millions) 31-Dec-18
Assets Current Assets
Cash and cash equivalents $ 1,997
Short-term marketable securities 6
Segregated cash and investments 4,506
Trade receivables 2,233
Inventories 8,813
Other current assets 3,033
Total Current Assets 20,588
Investments and Other Assets
Investments in and advances to affiliates 5,317
Long-term marketable securities 7
Goodwill and other intangible assets 4,041
Other assets 927
Total Investments and Other Assets 10,292
Property, Plant, and Equipment
Land and land improvements 545
Buildings 5,171
Machinery and equipment 18,399
Construction in progress 987 1,224
25102
Accumulated depreciation (15,149 )
Net Property, Plant, and Equipment 9,953
Total Assets $ 40,833
Liabilities, Temporary Equity, and Shareholders' Equity
Current Liabilities
Short-term debt $ 108
Trade payables 3,545
Payables to brokerage customers 4,628
Accrued expenses and other payables 2,913
Current maturities of long-term debt 582
Total Current Liabilities 11,776
Long-Term Liabilities
Long-term debt 7,698
Deferred income taxes 1,067
Other 1,247
Total Long-Term Liabilities 10,012
Temporary Equity - Redeemable noncontrolling interest 49
Shareholders' Equity
Common stock 2,560
Reinvested earnings 18,527
Accumulated other comprehensive income (loss) (2,106 )
Noncontrolling interests 15
Total Shareholders' Equity 18,996
Total Liabilities, Temporary Equity, and Shareholders' Equity 40,833
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