Emerson 2004 Annual Report Download - page 35

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LIABILITIES AND STOCKHOLDERS’ EQUITY 2003 2004
Current liabilities
Short-term borrowings and current maturities of long-term debt $ 391) 902)
Accounts payable 1,397) 1,629)
Accrued expenses 1,513) 1,695)
Income taxes 116) 113)
Total current liabilities 3,417) 4,339)
Long-term debt 3,733) 3,136)
Other liabilities 1,584) 1,648)
Stockholders’ equity
Preferred stock of $2.50 par value per share.
Authorized 5,400,000 shares; issued— none —) —)
Common stock of $.50 par value per share.
Authorized 1,200,000,000 shares; issued 476,677,006 shares; outstanding
421,154,464 shares in 2003 and 419,428,547 shares in 2004 238) 238)
Additional paid-in capital 65) 87)
Retained earnings 8,889) 9,471)
Accumulated other comprehensive income (386) (88)
8,806) 9,708)
Less cost of common stock in treasury, 55,522,542 shares in 2003 and
57,248,459 shares in 2004 2,346) 2,470)
Total stockholders’ equity 6,460) 7,238)
$15,194) 16,361)
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