Avon 2001 Annual Report Download - page 21

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Consolidated Balance Sheets
Avon Products, Inc.
In millions, except share data
December 31 2002 2001
Assets
Current assets
Cash, including cash equivalents of $413.8 and $381.8 $ 606.8 $ 508.5
Accounts receivable (less allowance for doubtful accounts of $49.5 and $45.1) 555.4 519.5
Inventories 614.7 612.5
Prepaid expenses and other 271.3 244.6
Total current assets 2,048.2 1,885.1
Property, plant and equipment, at cost
Land 51.5 49.4
Buildings and improvements 694.4 664.0
Equipment 802.5 836.0
1,548.4 1,549.4
Less accumulated depreciation 779.3 777.7
769.1 771.7
Other assets 510.2 524.2
Total assets $ 3,327.5 $ 3,181.0
Liabilities and Shareholders’ (Deficit) Equity
Current liabilities
Debt maturing within one year $ 605.2 $ 88.8
Accounts payable 379.9 404.1
Accrued compensation 175.7 145.2
Other accrued liabilities 336.6 338.2
Sales and taxes other than income 125.1 108.8
Income taxes 353.0 371.9
Total current liabilities 1,975.5 1,457.0
Long-term debt 767.0 1,236.3
Employee benefit plans 560.4 436.6
Deferred income taxes 35.4 23.0
Other liabilities (including minority interest of $37.0 and $29.0) 116.9 103.2
Commitments and Contingencies (Notes 12 and 14)
Shareholders’(deficit) equity
Common stock, par value $.25–authorized:
800,000,000 shares; issued 358,382,162 and 356,312,680 shares 89.6 89.1
Additional paid-in capital 1,019.5 938.0
Retained earnings 1,735.3 1,389.4
Accumulated other comprehensive loss (791.4) (489.5)
Treasury stock, at cost–123,124,530 and 119,631,574 shares (2,180.7) (2,002.1)
Total shareholders’ (deficit) equity (127.7) (75.1)
Total liabilities and shareholders’ (deficit) equity $ 3,327.5 $ 3,181.0
The accompanying notes are an integral part of these statements.