STRYKER

2017 FORM 10-K

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STRYKER CORPORATION 2017 FORM 10-K Dollar amounts in millions except per share amounts or as otherwise specified. 18 Stryker Corporation and Subsidiaries CONSOLIDATED BALANCE SHEETS 2017 2016 Assets Current assets Cash and cash equivalents $ 2,542 $ 3,316 Marketable securities 251 68 Accounts receivable, less allowance of $59 ($56 in 2016) 2,198 1,967 Inventories: Materials and supplies 528 425 Work in process 148 130 Finished goods 1,789 1,475 Total inventories $ 2,465 $ 2,030 Prepaid expenses and other current assets 537 480 Total current assets $ 7,993 $ 7,861 Property, plant and equipment: Land, buildings and improvements 936 820 Machinery and equipment 2,864 2,341 Total property, plant and equipment 3,800 3,161 Less allowance for depreciation 1,825 1,592 Property, plant and equipment, net $ 1,975 $ 1,569 Goodwill 7,168 6,356 Other intangibles, net 3,477 3,508 Other noncurrent assets 1,584 1,141 Total assets $ 22,197 $ 20,435 Liabilities and shareholders' equity Current liabilities Accounts payable $ 487 $ 437 Accrued compensation 838 767 Income taxes 143 40 Dividend payable 178 159 Accrued recall expenses 196 594 Accrued expenses and other liabilities 1,011 923 Current maturities of debt 632 228 Total current liabilities $ 3,485 $ 3,148 Long-term debt, excluding current maturities 6,590 6,686 Income taxes 1,261 287 Other noncurrent liabilities 881 764 Total liabilities $ 12,217 $ 10,885 Shareholders' equity Common stock, $0.10 par value 37 37 Additional paid-in capital 1,496 1,432 Retained earnings 8,986 8,842 Accumulated other comprehensive loss (553) (761) Total Stryker shareholders' equity $ 9,966 $ 9,550 Noncontrolling interest 14 — Total shareholders' equity $ 9,980 $ 9,550 Total liabilities & shareholders' equity $ 22,197 $ 20,435 See accompanying notes to Consolidated Financial Statements.

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