Avon 2012 Annual Report Download - page 70

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CONSOLIDATED BALANCE SHEETS
(In millions, except per share data)
December 31 2012 2011
Assets
Current Assets
Cash, including cash equivalents of $762.9 and $623.7 $ 1,209.6 $ 1,245.1
Accounts receivable (less allowances of $161.4 and $174.5) 751.9 761.5
Inventories 1,135.4 1,161.3
Prepaid expenses and other 832.0 930.9
Total current assets $ 3,928.9 $ 4,098.8
Property, plant and equipment, at cost
Land 66.6 65.4
Buildings and improvements 1,165.9 1,150.4
Equipment 1,479.3 1,493.0
2,711.8 2,708.8
Less accumulated depreciation (1,161.6) (1,137.3)
1,550.2 1,571.5
Goodwill 374.9 473.1
Other intangible assets, net 120.3 279.9
Other assets 1,408.2 1,311.7
Total assets $ 7,382.5 $ 7,735.0
Liabilities and Shareholders’ Equity
Current Liabilities
Debt maturing within one year $ 572.0 $ 849.3
Accounts payable 920.0 850.2
Accrued compensation 266.6 217.1
Other accrued liabilities 661.0 663.6
Sales and taxes other than income 211.4 212.4
Income taxes 73.6 98.4
Total current liabilities 2,704.6 2,891.0
Long-term debt 2,623.9 2,459.1
Employee benefit plans 637.6 603.0
Long-term income taxes 52.0 67.0
Other liabilities 131.1 129.7
Total liabilities $ 6,149.2 $ 6,149.8
Commitments and contingencies (Notes 14 and 16)
Shareholders’ Equity
Common stock, par value $.25 – authorized 1,500 shares; issued 746.7 and 744.9 shares $ 188.3 $ 187.3
Additional paid-in capital 2,119.6 2,077.7
Retained earnings 4,357.8 4,726.1
Accumulated other comprehensive loss (876.7) (854.4)
Treasury stock, at cost (314.5 and 314.1 shares) (4,571.9) (4,566.3)
Total Avon shareholders’ equity 1,217.1 1,570.4
Noncontrolling interests 16.2 14.8
Total shareholders’ equity $ 1,233.3 $ 1,585.2
Total liabilities and shareholders’ equity $ 7,382.5 $ 7,735.0
The accompanying notes are an integral part of these statements.
A V O N 2012 F-5