Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015		Dec. 31, 2016	Dec. 31, 2015		Change
Current assets:
Cash and cash equivalents	$ 522	$ 936		1.80%	3.46%		-1.66%
Accounts receivable, less allowances of $131 and $57, respectively	938	571		3.23%	2.11%		1.12%
Restricted cash		8,444		0.00%	31.18%		-31.18%
Prepaid expenses	88	100		0.30%	0.37%		-0.07%
Income taxes and other current assets	108	80		0.37%	0.30%		0.08%
Total current assets	1,656	10,131		5.71%	37.41%		-31.70%
Property, plant and equipment, net	14,902	8,493		51.36%	31.36%		20.01%
Goodwill	9,674	7,166		33.34%	26.46%		6.89%
Other intangibles, net	2,662	1,143		9.18%	4.22%		4.95%
Other assets	119	151		0.41%	0.56%		-0.15%
Total assets	29,013	27,084		100.00%	100.00%		0.00%
Current liabilities:				0.00%	0.00%		0.00%
Long-term debt due within one year	363	384		1.25%	1.42%		-0.17%
Accounts payable	698	467		2.41%	1.72%		0.68%
Advanced billings	301	160		1.04%	0.59%		0.45%
Accrued other taxes	134	87		0.46%	0.32%		0.14%
Accrued interest	437	403		1.51%	1.49%		0.02%
Pension and other postretirement benefits	23	33		0.08%	0.12%		-0.04%
Other current liabilities	488	359		1.68%	1.33%		0.36%
Total current liabilities	2,444	1,893		8.42%	6.99%		1.43%
Deferred income taxes	2,516	2,666		8.67%	9.84%		-1.17%
Pension and other postretirement benefits	1,602	1,163		5.52%	4.29%		1.23%
Other liabilities	372	240		1.28%	0.89%		0.40%
Long-term debt	17,560	15,508		60.52%	57.26%		3.27%
Equity:
Preferred stock, $0.01 par value (50,000 authorized shares, 11.125%, Series A, 19,250 shares issued and outstanding)
Common stock, $0.25 par value (1,750,000 authorized shares, 1,192,986 issued, and 1,172,553 and 1,168,200 outstanding, at December 31, 2016 and 2015, respectively)	298	298		1.03%	1.10%		-0.07%
Additional paid-in capital	5,283	6,034		18.21%	22.28%		-4.07%
Accumulated deficit	(460)	(87)		-1.59%	-0.32%		-1.26%
Accumulated other comprehensive loss, net of tax	(387)	(353)		-1.33%	-1.30%		-0.03%
Treasury common stock	(215)	(278)		-0.74%	-1.03%		0.29%
Total equity	4,519	5,614		15.58%	20.73%		-5.15%
Total liabilities and equity	$ 29,013	$ 27,084		100.00%	100.00%		0.00%
QUESTIONS
1. Evaluate the asset, liability, and equity structure, looking for trends and changes in the common-size balance sheet.
2. What concerns would investors and creditors have based only on this information?
3. What additional financial and non-financial information would investors and creditors need in order to make an investment and lending decisions?