Although technology companies make up the bulk of nonfinancial firms holding tons of cash on their books, there are a few that are major players in the retail world. According to a recent report from Moody’s, U.S. firms rated by the agency held $1.73 trillion of cash at the close of 2014, which is up 4 percent from $1.67 trillion in the prior year.
In the consumer and retail space, the list of top 50 cash hoarders included Walgreens Boots Alliance Inc. with $12.9 billion in cash, Procter & Gamble with $12.3 billion and Wal-Mart Stores Inc. with $6.7 billion.
Moody’s said to make the list, companies had to have at least $6.1 billion of cash on hand. The analysts also said overseas cash holdings “are large and likely to increase.”