Avon 2009 Annual Report Download - page 68

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CONSOLIDATED BALANCE SHEETS
(In millions, except per share data)
December 31 2009 2008
Assets
Current assets
Cash, including cash equivalents of $670.5 and $704.8 $1,311.6 $1,104.7
Accounts receivable (less allowances of $165.5 and $127.9) 779.7 687.8
Inventories 1,067.5 1,007.9
Prepaid expenses and other 1,030.5 756.5
Total current assets 4,189.3 3,556.9
Property, plant and equipment, at cost
Land 144.3 85.3
Buildings and improvements 1,048.1 1,008.1
Equipment 1,506.9 1,346.5
2,699.3 2,439.9
Less accumulated depreciation (1,169.7) (1,096.0)
1,529.6 1,343.9
Other assets 1,113.8 1,173.2
Total assets $6,832.7 $6,074.0
Liabilities and Shareholders’ Equity
Current liabilities
Debt maturing within one year $138.1 $1,031.4
Accounts payable 754.7 724.3
Accrued compensation 291.0 234.4
Other accrued liabilities 697.1 581.9
Sales and taxes other than income 259.2 212.2
Income taxes 134.7 128.0
Total current liabilities 2,274.8 2,912.2
Long-term debt 2,307.8 1,456.2
Employee benefit plans 588.9 665.4
Long-term income taxes 173.8 168.9
Other liabilities 174.8 159.0
Total liabilities $5,520.1 $5,361.7
Commitments and contingencies (Notes 13 and 15)
Shareholders’ equity
Common stock, par value $.25 –authorized 1,500 shares;
issued 740.9 and 739.4 shares $186.1 $185.6
Additional paid-in capital 1,941.0 1,874.1
Retained earnings 4,383.9 4,118.9
Accumulated other comprehensive loss (692.6) (965.9)
Treasury stock, at cost (313.4 and 313.1 shares) (4,545.8) (4,537.8)
Total Avon shareholders’ equity 1,272.6 674.9
Noncontrolling interest 40.0 37.4
Total shareholders’ equity $1,312.6 $712.3
Total liabilities and shareholders’ equity $6,832.7 $6,074.0
The accompanying notes are an integral part of these statements.