Kodak 2002 Annual Report Download - page 41

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Financials
41
Eastman Kodak Company and Subsidiary Companies
Consolidated Statement of Financial Position
At December 31
(in millions, except share and per share data) 2002 2001
ASSETS
Current Assets
Cash and cash equivalents $ 569 $ 448
Receivables, net 2,234 2,337
Inventories, net 1,062 1,071
Deferred income taxes 512 521
Other current assets 157 240
Total current assets 4,534 4,617
Property, plant and equipment, net 5,420 5,659
Goodwill, net 981 948
Other long-term assets 2,434 2,138
Total Assets $ 13,369 $ 13,362
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable and other current liabilities $ 3,351 $ 3,276
Short-term borrowings 1,442 1,534
Accrued income taxes 584 544
Total current liabilities 5,377 5,354
Long-term debt, net of current portion 1,164 1,666
Postretirement liabilities 3,412 2,728
Other long-term liabilities 639 720
Total liabilities 10,592 10,468
Commitments and Contingencies (Note 10)
Shareholders’ Equity
Common stock, $2.50 par value;
950,000,000 shares authorized; 391,292,760 shares issued in 2002 and 2001;
285,933,179 and 290,929,701 shares outstanding in 2002 and 2001 978 978
Additional paid in capital 849 849
Retained earnings 7,611 7,431
Accumulated other comprehensive loss (771) (597)
8,667 8,661
Treasury stock, at cost
105,359,581 shares in 2002 and 100,363,059 shares in 2001 5,890 5,767
Total shareholders’ equity 2,777 2,894
Total Liabilities and Shareholders’ Equity $ 13,369 $ 13,362
The accompanying notes are an integral part of these consolidated financial statements.