Proctor and Gamble 2014 Annual Report Download - page 51

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The Procter & Gamble Company 49
See accompanying Notes to Consolidated Financial Statements.
Consolidated Balance Sheets
Amounts in millions; June 30
Assets 2014 2013
CURRENT ASSETS
Cash and cash equivalents $ 8,558 $ 5,947
Available-for-sale investment securities 2,128 —
Accounts receivable 6,386 6,508
INVENTORIES
Materials and supplies 1,742 1,704
Work in process 684 722
Finished goods 4,333 4,483
Total inventories 6,759 6,909
Deferred income taxes 1,092 948
Prepaid expenses and other current assets 3,845 3,678
Assets held for sale 2,849 —
TOTAL CURRENT ASSETS 31,617 23,990
PROPERTY, PLANT AND EQUIPMENT, NET 22,304 21,666
GOODWILL 53,704 55,188
TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET 30,843 31,572
OTHER NONCURRENT ASSETS 5,798 6,847
TOTAL ASSETS $ 144,266 $ 139,263
Liabilities and Shareholders' Equity
CURRENT LIABILITIES
Accounts payable $ 8,461 $ 8,777
Accrued and other liabilities 8,999 8,828
Liabilities held for sale 660 —
Debt due within one year 15,606 12,432
TOTAL CURRENT LIABILITIES 33,726 30,037
LONG-TERM DEBT 19,811 19,111
DEFERRED INCOME TAXES 10,218 10,827
OTHER NONCURRENT LIABILITIES 10,535 10,579
TOTAL LIABILITIES 74,290 70,554
SHAREHOLDERS' EQUITY
Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) 1,111 1,137
Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) ——
Common stock, stated value $1 per share (10,000 shares authorized; shares issued: 2014 - 4009.2, 2013 -
4,009.2) 4,009 4,009
Additional paid-in capital 63,911 63,538
Reserve for ESOP debt retirement (1,340) (1,352)
Accumulated other comprehensive income/(loss) (7,662) (7,499)
Treasury stock, at cost (shares held: 2014 - 1,298.4, 2013 - 1,266.9) (75,805) (71,966)
Retained earnings 84,990 80,197
Noncontrolling interest 762 645
TOTAL SHAREHOLDERS' EQUITY 69,976 68,709
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 144,266 $ 139,263