Avon 2011 Annual Report Download - page 64

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CONSOLIDATED BALANCE SHEETS
(In millions, except per share data)
December 31 2011 2010
Assets
Current Assets
Cash, including cash equivalents of $623.7 and $572.0 $ 1,245.1 $ 1,179.9
Accounts receivable (less allowances of $174.5 and $232.0) 761.5 826.3
Inventories 1,161.3 1,152.9
Prepaid expenses and other 930.9 1,025.2
Total current assets $ 4,098.8 $ 4,184.3
Property, plant and equipment, at cost
Land 65.4 69.2
Buildings and improvements 1,150.4 1,140.2
Equipment 1,493.0 1,541.5
2,708.8 2,750.9
Less accumulated depreciation (1,137.3) (1,123.5)
1,571.5 1,627.4
Goodwill 473.1 675.1
Other intangible assets, net 279.9 368.3
Other assets 1,311.7 1,018.6
Total assets $ 7,735.0 $ 7,873.7
Liabilities and Shareholders’ Equity
Current Liabilities
Debt maturing within one year $ 849.3 $ 727.6
Accounts payable 850.2 809.8
Accrued compensation 217.1 293.2
Other accrued liabilities 663.6 771.6
Sales and taxes other than income 212.4 207.6
Income taxes 98.4 146.5
Total current liabilities 2,891.0 2,956.3
Long-term debt 2,459.1 2,408.6
Employee benefit plans 603.0 561.3
Long-term income taxes 67.0 128.9
Other liabilities 129.7 146.0
Total liabilities $ 6,149.8 $ 6,201.1
Contingencies (Notes 14 and 16)
Shareholders’ Equity
Common stock, par value $.25 – authorized 1,500 shares; issued 744.9 and 743.3 shares $ 187.3 $ 186.6
Additional paid-in capital 2,077.7 2,024.2
Retained earnings 4,726.1 4,610.8
Accumulated other comprehensive loss (854.4) (605.8)
Treasury stock, at cost (314.1 and 313.8 shares) (4,566.3) (4,559.3)
Total Avon shareholders’ equity 1,570.4 1,656.5
Noncontrolling interest 14.8 16.1
Total shareholders’ equity $ 1,585.2 $ 1,672.6
Total liabilities and shareholders’ equity $ 7,735.0 $ 7,873.7
The accompanying notes are an integral part of these statements.