Occidental Petroleum 2008 Annual Report Download - page 53

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Consolidated Balance Sheets
In millions, except share and per-share amounts
Occidental Petroleum Corporation
and Subsidiaries
Liabilities and Stockholders’ Equity at December 31, 2008 2007
CURRENT LIABILITIES
Current maturities of long-term debt and notes payable $698 $47
Accounts payable 3,306 4,263
Accrued liabilities 1,861 1,611
Domestic and foreign income taxes 158 227
Liabilities of discontinued operations 111 118
Total current liabilities 6,134 6,266
LONG-TERM DEBT, NET 2,049 1,741
DEFERRED CREDITS AND OTHER LIABILITIES
Deferred and other domestic and foreign income taxes 2,660 2,324
Long-term liabilities of discontinued operations 152 174
Other 3,217 3,156
6,029 5,654
CONTINGENT LIABILITIES AND COMMITMENTS
MINORITY INTEREST 25 35
STOCKHOLDERS' EQUITY
Common stock, $0.20 par value, authorized 1.1 billion shares, outstanding shares:
2008 — 881,423,225 and 2007 — 877,123,937
176
175
Treasury stock: 2008 — 71,176,487 shares and 2007 — 51,388,016 shares (4,121) (2,610)
Additional paid-in capital 7,113 7,071
Retained earnings 24,684 18,819
Accumulated other comprehensive loss (552) (632)
27,300 22,823
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $41,537 $36,519
The accompanying notes are an integral part of these consolidated financial statements.
39
Consolidated Statements of Stockholders’ Equity Occidental Petroleum Corporation