Emerson 2008 Annual Report Download - page 38
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A Powerful Force for Innovation [ 31 ]
liAbilitiesAndstoCkholdeRs’equity 2007 2008
Short-term borrowings and current maturities of long-term debt $ 404
Accounts payable 2,501
Accrued expenses 2,337
Income taxes 304
Total current liabilities 5,546
3,372
1,990
Preferred stock of $2.50 par value per share
Authorized 5,400,000 shares; issued - none –
Common stock of $0.50 par value per share
Authorized 1,200,000,000 shares; issued 953,354,012 shares;
outstanding 788,434,076 shares in 2007 and 771,216,037 shares in 2008 477
Additional paid-in capital 31
Retained earnings 12,536
Accumulated other comprehensive income 382
13,426
Less cost of common stock in treasury, 164,919,936 shares in 2007 and
182,137,975 shares in 2008 4,654
Total stockholders’ equity 8,772
$19,680