UPS 2009 Annual Report Download - page 65

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UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions)
December 31,
2009 2008
ASSETS
Current Assets:
Cash and cash equivalents ................................................. $ 1,542 $ 507
Marketable securities .................................................... 558 542
Accounts receivable, net .................................................. 5,369 5,547
Finance receivables, net .................................................. 287 480
Deferred income tax assets ................................................ 585 494
Income taxes receivable .................................................. 266 167
Other current assets ...................................................... 668 1,108
Total Current Assets ................................................. 9,275 8,845
Property, Plant and Equipment, Net ............................................. 17,979 18,265
Goodwill .................................................................. 2,089 1,986
Intangible Assets, Net ........................................................ 596 511
Non-Current Finance Receivables, Net ........................................... 337 476
Other Non-Current Assets ..................................................... 1,607 1,796
Total Assets ................................................................ $31,883 $31,879
LIABILITIES AND SHAREOWNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt and commercial paper ...................... $ 853 $ 2,074
Accounts payable ....................................................... 1,766 1,855
Accrued wages and withholdings ........................................... 1,416 1,436
Self-insurance reserves ................................................... 757 732
Income taxes accrued .................................................... 258 37
Other current liabilities ................................................... 1,189 1,683
Total Current Liabilities .............................................. 6,239 7,817
Long-Term Debt ............................................................ 8,668 7,797
Pension and Postretirement Benefit Obligations .................................... 5,457 6,323
Deferred Income Tax Liabilities ................................................ 1,293 588
Self-Insurance Reserves ...................................................... 1,732 1,710
Other Non-Current Liabilities .................................................. 798 864
Shareowners’ Equity:
Class A common stock (285 and 314 shares issued in 2009 and 2008) .............. 3 3
Class B common stock (711 and 684 shares issued in 2009 and 2008) .............. 7 7
Additional paid-in capital ................................................. 2 —
Retained earnings ....................................................... 12,745 12,412
Accumulated other comprehensive loss ...................................... (5,127) (5,642)
Deferred compensation obligations .......................................... 108 121
Less: Treasury stock (2 shares in 2009 and 2008) .............................. (108) (121)
Total Equity for Controlling Interests .................................... 7,630 6,780
Noncontrolling Interests .................................................. 66 —
Total Shareowners’ Equity .................................................... 7,696 6,780
Total Liabilities and Shareowners’ Equity ........................................ $31,883 $31,879
See notes to consolidated financial statements.
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