| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
2000 |
|
1999 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in millions) |
|
|
|
|
ASSETS |
|
|
|
|
|
| Current assets: |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
760 |
|
|
$ |
1,546 |
|
|
|
|
|
|
|
|
Accounts receivable, net: |
|
|
|
|
|
|
|
|
|
General Motors and affiliates |
|
|
3,308 |
|
|
|
3,817 |
|
|
|
|
|
|
|
|
|
|
Other customers |
|
|
2,050 |
|
|
|
1,555 |
|
|
|
|
|
|
|
|
Inventories, net |
|
|
1,707 |
|
|
|
1,749 |
|
|
|
|
|
|
|
|
Deferred income taxes |
|
|
569 |
|
|
|
1,071 |
|
|
|
|
|
|
|
|
Prepaid expenses and other |
|
|
209 |
|
|
|
73 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
|
8,603 |
|
|
|
9,811 |
|
|
|
|
|
|
| Long-term assets: |
|
|
|
|
|
|
|
|
Property, net |
|
|
5,718 |
|
|
|
5,106 |
|
|
|
|
|
|
|
|
|
Deferred income taxes |
|
|
2,043 |
|
|
|
1,930 |
|
|
|
|
|
|
|
|
|
Other |
|
|
2,157 |
|
|
|
1,503 |
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ |
18,521 |
|
|
$ |
18,350 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
|
|
| Current liabilities: |
|
|
|
|
|
|
|
Notes payable and current portion of long-term debt |
|
$ |
1,559 |
|
|
$ |
117 |
|
|
|
|
|
|
|
|
Accounts payable |
|
|
2,871 |
|
|
|
3,096 |
|
|
|
|
|
|
|
|
Separation related obligation |
|
|
247 |
|
|
|
1,515 |
|
|
|
|
|
|
|
|
Accrued liabilities |
|
|
1,566 |
|
|
|
2,009 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
|
6,243 |
|
|
|
6,737 |
|
|
|
|
|
|
| Long-term liabilities: |
|
|
|
|
|
|
|
|
Long-term debt |
|
|
1,623 |
|
|
|
1,640 |
|
|
|
|
|
|
|
|
|
Postretirement benefits other than pensions |
|
|
4,573 |
|
|
|
4,254 |
|
|
|
|
|
|
|
|
|
Other |
|
|
2,316 |
|
|
|
2,519 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities |
|
|
14,755 |
|
|
|
15,150 |
|
|
|
|
|
|
|
|
|
|
| Commitments and contingencies |
|
|
|
|
|
| Stockholders’ equity: |
|
|
|
|
|
|
|
|
Common stock, $0.01 par value, 1,350 million shares
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
authorized, 565 million shares issued in 2000 and 1999 |
|
6 |
|
|
|
6 |
|
|
|
|
|
|
|
|
|
Additional paid-in capital |
|
|
2,450 |
|
|
|
2,601 |
|
|
|
|
|
|
|
|
|
Retained earnings |
|
|
1,869 |
|
|
|
964 |
|
|
|
|
|
|
|
|
|
Accumulated translation adjustments |
|
|
(463 |
) |
|
|
(324 |
) |
|
|
|
|
|
|
|
|
Treasury stock, at cost (5.2 million and 2.6 million shares
in |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2000 and 1999, respectively) |
|
(96 |
) |
|
|
(47 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total stockholders’ equity |
|
|
3,766 |
|
|
|
3,200 |
|
|
|
|
|
|
|
|
|
|
| Total liabilities and stockholders’ equity |
|
$ |
18,521 |
|
|
$ |
18,350 |
|
|
|
|
|
|
|
|
|
|
