Avon 2010 Annual Report Download - page 68

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CONSOLIDATED BALANCE SHEETS
(In millions, except per share data)
December 31 2010 2009
Assets
Current assets
Cash, including cash equivalents of $572.0 and $670.5 $ 1,179.9 $ 1,298.1
Accounts receivable (less allowances of $232.0 and $165.1) 826.3 765.7
Inventories 1,152.9 1,049.8
Prepaid expenses and other 1,025.2 1,042.3
Current assets of discontinued operations – 50.3
Total current assets $ 4,184.3 $ 4,206.2
Property, plant and equipment, at cost
Land 69.2 115.9
Buildings and improvements 1,140.2 954.2
Equipment 1,541.5 1,435.8
2,750.9 2,505.9
Less accumulated depreciation (1,123.5) (1,036.9)
1,627.4 1,469.0
Goodwill 675.1 215.5
Other intangible assets, net 368.3 13.8
Other assets 1,018.6 846.1
Non-current assets of discontinued operations – 72.8
Total assets $ 7,873.7 $ 6,823.4
Liabilities and Shareholders’ Equity
Current liabilities
Debt maturing within one year $ 727.6 $ 137.8
Accounts payable 809.8 739.0
Accrued compensation 293.2 282.6
Other accrued liabilities 771.6 706.3
Sales and taxes other than income 207.6 254.1
Income taxes 146.5 134.5
Current liabilities of discontinued operations – 37.4
Total current liabilities 2,956.3 2,291.7
Long-term debt 2,408.6 2,307.2
Employee benefit plans 561.3 577.8
Long-term income taxes 128.9 147.6
Other liabilities 146.0 174.4
Non-current liabilities of discontinued operations – 12.1
Total liabilities $ 6,201.1 $ 5,510.8
Commitments and contingencies (Notes 14 and 16)
Shareholders’ equity
Common stock, par value $.25 – authorized 1,500 shares; Issued 743.3 and 740.9 shares $ 186.6 $ 186.1
Additional paid-in capital 2,024.2 1,941.0
Retained earnings 4,610.8 4,383.9
Accumulated other comprehensive loss (605.8) (692.6)
Treasury stock, at cost (313.8 and 313.4 shares) (4,559.3) (4,545.8)
Total Avon shareholders’ equity 1,656.5 1,272.6
Noncontrolling interest 16.1 40.0
Total shareholders’ equity $ 1,672.6 $ 1,312.6
Total liabilities and shareholders’ equity $ 7,873.7 $ 6,823.4
The accompanying notes are an integral part of these statements.