Alcoa 2003 Annual Report Download - page 45

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43
Consolidated BalanceSheet Alcoa and subsidiaries
(in millions)
December 31 2003 2002
Assets
Current assets:
Cash and cash equivalents (W) $ 576 $ 344
Receivablesfrom customers, less allowances: 2003 – $105; 2002 – $124 2,521 2,361
Other receivables 350 171
Inventories (G) 2,524 2,414
Deferred income taxes (S) 267 469
Prepaid expenses and other current assets 502 506
To t a l c urrent assets 6,740 6,265
Properties, plants, and equipment, net (H) 12,557 12,110
Goodwill (E and F) 6,549 6,379
Other assets (I) 5,316 4,438
Assets held for sale (B) 549 618
To t a l A ssets $31,711 $29,810
Liabilities
Current liabilities:
Short-term borrowings (W) $56 $39
Accounts payable, trade 1,976 1,621
Accrued compensation andretirement costs 948 936
Ta x e s , i n cluding taxes on income 703 814
Other current liabilities 878 966
Long-term debt due within one year (K and W) 523 83
To talcurrent liabilities 5,084 4,459
Long-term debt, less amount due within one year (K and W) 6,692 8,366
Accrued postretirement benefits (V) 2,220 2,319
Other noncurrent liabilities and deferred credits ( J) 3,389 2,867
Deferred income taxes (S) 804 520
Liabilities of operations held for sale (B) 107 59
To talliabilities 18,296 18,590
MinorityInterests (L) 1,340 1,293
Commitments and Contingencies (M)
Shareholders’ Equity
Preferred stock (Q) 55 55
Common stock (Q) 925 925
Additional capital 5,831 6,101
Retained earnings 7,850 7,428
Tre asury stock, at cost (2,017) (2,828)
Accumulated other comprehensive loss (569) (1,754)
To talshareholders’ equity 12,075 9,927
To tal Liabilities and Equity $31,711 $29,810
The accompanying notes are an integral part of the consolidated financial statements.