Millions, except per share amounts  Dec. 31, 2000 Dec. 31,1999 Assets Current assets: Cash and cash equivalents $ ,62 $ ,74 Receivables, net of allowance of $8 and $9 724 1,026 Inventories 770 787 Other current assets 274 293 1,830 2,180 Investments and other assets: Investments in joint ventures and alliances 201 131 Other assets 137 143 338 274 Property, plant and equipment: Land and buildings 590 577 Machinery, equipment and fixtures 2,417 2,375 Construction in process 189 168 3,196 3,120 Less accumulated depreciation 1,598 1,490 1,598 1,630 Goodwill, net of amortization of $42 and $28 354 364 Other intangibles, deferred taxes and deferred charges 380 249 Total assets $4,500 $4,697 Liabilities and shareholders’ investment  Current liabilities: Loans payable $ ,156 $ ,113 Current maturities of long-term debt 8 10 Accounts payable 388 411 Accrued salaries and wages 71 88 Accrued product coverage and marketing expenses 280 246 Income taxes payable 11 40 Other accrued expenses 309 406 1,223 1,314 Long-term debt 1,032 1,092 Other liabilities 837 788 Minority interest 72 74 Shareholders’ investment: Common stock, $2.50 par value, 48.6 and 48.3 shares issued 122 121 Additional contributed capital 1,137 1,129 Retained earnings 718 760 Accumulated other comprehensive income (167) (109) Common stock in treasury, at cost, 7.2 and 6.8 shares (290) (274) Common stock held in trust for employee benefit plans, 3.1 and 3.4 shares (151)  (163) Unearned compensation (33) (35) 1,336 1,429 Total liabilities and shareholders’ investment $4,500 $4,697  20 The accompanying notes are an integral part of this statement Cummins Engine Company, Inc. Consolidated Statement of Financial Position