UPS 2010 Annual Report Download - page 67

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UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions)
December 31,
2010 2009
ASSETS
Current Assets:
Cash and cash equivalents ................................................. $ 3,370 $ 1,542
Marketable securities .................................................... 711 558
Accounts receivable, net .................................................. 5,627 5,369
Finance receivables, net .................................................. 203 287
Deferred income tax assets ................................................ 659 585
Income taxes receivable .................................................. 287 266
Other current assets ...................................................... 712 668
Total Current Assets ................................................. 11,569 9,275
Property, Plant and Equipment, Net ............................................. 17,387 17,979
Goodwill .................................................................. 2,081 2,089
Intangible Assets, Net ........................................................ 599 596
Non-Current Finance Receivables, Net ........................................... 288 337
Non-Current Investments and Restricted Cash ..................................... 458 533
Other Non-Current Assets ..................................................... 1,215 1,074
Total Assets ................................................................ $33,597 $31,883
LIABILITIES AND SHAREOWNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt and commercial paper ...................... $ 355 $ 853
Accounts payable ....................................................... 1,974 1,766
Accrued wages and withholdings ........................................... 1,505 1,416
Self-insurance reserves ................................................... 725 757
Other current liabilities ................................................... 1,343 1,447
Total Current Liabilities .............................................. 5,902 6,239
Long-Term Debt ............................................................ 10,491 8,668
Pension and Postretirement Benefit Obligations .................................... 4,663 5,457
Deferred Income Tax Liabilities ................................................ 1,870 1,293
Self-Insurance Reserves ...................................................... 1,809 1,732
Other Non-Current Liabilities .................................................. 815 798
Shareowners’ Equity:
Class A common stock (258 and 285 shares issued in 2010 and 2009) .............. 3 3
Class B common stock (735 and 711 shares issued in 2010 and 2009) .............. 7 7
Additional paid-in capital ................................................. — 2
Retained earnings ....................................................... 14,164 12,745
Accumulated other comprehensive loss ...................................... (6,195) (5,127)
Deferred compensation obligations .......................................... 103 108
Less: Treasury stock (2 shares in 2010 and 2009) .............................. (103) (108)
Total Equity for Controlling Interests .................................... 7,979 7,630
Noncontrolling Interests .................................................. 68 66
Total Shareowners’ Equity .................................................... 8,047 7,696
Total Liabilities and Shareowners’ Equity ........................................ $33,597 $31,883
See notes to consolidated financial statements.
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