Emerson 2011 Annual Report Download - page 29

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Annual Report | 27
LIABILITIES AND EQUITY 2010 2011
Current liabilities
Short-term borrowings and current maturities of long-term debt $ 480 877
Accounts payable 2,409 2,677
Accrued expenses 2,864 2,772
Income taxes 96 139
Total current liabilities 5,849 6,465
Long-term debt 4,586 4,324
Other liabilities 2,456 2,521
Equity
Preferred stock, $2.50 par value per share;
Authorized, 5,400,000 shares; issued, none – –
Common stock, $0.50 par value per share;
Authorized, 1,200,000,000 shares; issued, 953,354,012 shares;
outstanding, 752,690,806 shares in 2010 and 738,877,768 shares in 2011 477 477
Additional paid-in capital 192 317
Retained earnings 15,869 17,310
Accumulated other comprehensive income (426) (562)
16,112 17,542
Less: Cost of common stock in treasury, 200,663,206 shares in 2010
and 214,476,244 shares in 2011 6,320 7,143
Common stockholders' equity 9,792 10,399
Noncontrolling interests in subsidiaries 160 152
Total equity 9,952 10,551
Total liabilities and equity $22,843 23,861