| Assuming a 5% Increase in Sales ($ in millions) | | | | | | | 2021 | | 2020 | | 2019 | | 2018 | 2017 | | 2016 | | Assets | | | | | | | | | | | | | | | Cash and equivalents | $ | 1,451 | $ | 1,382 | $ | 1,316 | $ | 1,254 | $ | 1,194 | | $ | 1,137 | | Accounts receivable, net | $ | 1,358 | $ | 1,293 | $ | 1,232 | $ | 1,173 | $ | 1,117 | | $ | 1,064 | | Inventories | $ | 5,697 | $ | 5,426 | $ | 5,168 | $ | 4,922 | $ | 4,687 | | $ | 4,464 | | Other current assets | $ | 495 | $ | 472 | $ | 449 | $ | 428 | $ | 407 | | $ | 388 | | Net property, plant and equipment | $ | 3,294 | $ | 3,137 | $ | 2,988 | $ | 2,846 | $ | 2,710 | | $ | 2,581 | | Goodwill | $ | 2,113 | $ | 2,113 | $ | 2,113 | $ | 2,113 | $ | 2,113 | | $ | 2,113 | | Other assets | $ | 2,331 | $ | 2,331 | $ | 2,331 | $ | 2,331 | $ | 2,331 | | $ | 2,331 | | Finance group assets | $ | 1,280 | $ | 1,280 | $ | 1,280 | $ | 1,280 | $ | 1,280 | | $ | 1,280 | | Total Assets | $ | 18,020 | $ | 17,434 | $ | 16,877 | $ | 16,345 | $ | 15,840 | | $ | 15,358 | | | | | | | | | | | | | | | | | | Liabilities and Shareholders' Equity | | | | | | | | | | | | | | | Short-term debt and current portion of long-term debt | $ | 463 | $ | 441 | $ | 420 | $ | 400 | $ | 381 | | $ | 363 | | Other current liabilities | $ | 4,505 | $ | 4,291 | $ | 4,086 | $ | 3,892 | $ | 3,707 | | $ | 3,530 | | Other liabilities | $ | 2,354 | $ | 2,354 | $ | 2,354 | $ | 2,354 | $ | 2,354 | | $ | 2,354 | | Long-term debt | $ | 2,414 | $ | 2,414 | $ | 2,414 | $ | 2,414 | $ | 2,414 | | $ | 2,414 | | Total Shareholders' Equity | $ | 5,574 | $ | 5,574 | $ | 5,574 | $ | 5,574 | $ | 5,574 | | $ | 5,574 | | Total Liabilities and Shareholders' Equity | $ | 16,434 | $ | 16,197 | $ | 15,972 | $ | 15,757 | $ | 15,553 | | $ | 15,358 | | External Financing Needs | | $ | 1,586 | $ | 1,237 | $ | 905 | $ | 588 | $ | 287 | | $ | 0 | Having estimated the future financing need, management must identify the target sources (e.g., banks, insurance companies, public debt markets, public equity markets) and establish financial policies that will ensure access on acceptable terms: |
