48 See accompanying Notes to Condensed Consolidated Financial Statements. All share and per-share amounts reflect the retroactive effects of all stock splits including the two-for-one stock split in the form of a stock dividend effective October 27, 2000.  October 31 In millions, except par value and number of shares  2000 1999 Assets Current assets: Cash and cash equivalents $ 3,415 $ 5,411 Short-term investments 592 179 Accounts receivable 6,394 5,958 Financing receivables 2,174 1,889 Inventory 5,699 4,863 Other current assets 4,970 3,342 Total current assets 23,244 21,642 Property, plant and equipment, net 4,500 4,333 Long-term investments and other assets 6,265 5,789 Net assets of discontinued operations – 3,533 Total assets $ 34,009 $ 35,297 Liabilities and Stockholders’ Equity Current liabilities: Notes payable and short-term borrowings $ 1,555 $ 3,105 Accounts payable 5,049 3,517 Employee compensation and benefits 1,584 1,287 Taxes on earnings Deferred revenues 1,759 1,437 Other accrued liabilities 3,204 2,823 Total current liabilities 15,197 14,321 Long-term debt 3,402 1,764 Other liabilities 1,201 917 Commitments and contingencies Stockholders’ equity: Preferred stock, $0.01 par value (300,000,000 shares authorized; none issued) – – Common stock, $0.01 par value  (4,800,000,000 shares authorized;  1,947,312,000 shares issued and outstanding at  October 31, 2000, and 2,009,138,000 shares issued  and outstanding at October 31, 1999) 19 20 Additional paid-in capital – – Retained earnings 14,097 18,275 Accumulated other comprehensive income 93 – Total stockholders’ equity 14,209 18,295 Total liabilities and stockholders’ equity $ 34,009 $ 35,297 Hewlett-Packard Company and Subsidiaries Condensed Consolidated Balance Sheet