UPS 2011 Annual Report Download - page 71
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Item 8. Financial Statements and Supplementary Data
Table of Contents
Report of Independent Registered Public Accounting Firm on Internal Control over Financial Reporting .... 60
Report of Independent Registered Public Accounting Firm ....................................... 61
Consolidated Balance Sheets .............................................................. 62
Statements of Consolidated Income ......................................................... 63
Statements of Consolidated Comprehensive Income ............................................ 63
Statements of Consolidated Cash Flows ...................................................... 64
Notes to Consolidated Financial Statements ................................................... 65
Note 1—Summary of Accounting Policies ................................................ 65
Note 2—Cash and Investments ......................................................... 72
Note 3—Finance Receivables .......................................................... 76
Note 4—Property, Plant and Equipment .................................................. 78
Note 5—Company-Sponsored Employee Benefit Plans ...................................... 79
Note 6—Multiemployer Employee Benefit Plans .......................................... 88
Note 7—Business Acquisitions, Goodwill and Intangible Assets .............................. 92
Note 8—Debt and Financing Arrangements ............................................... 94
Note 9—Legal Proceedings and Contingencies ............................................ 98
Note 10—Shareowners’ Equity ........................................................ 101
Note 11—Stock-Based Compensation ................................................... 104
Note 12—Segment and Geographic Information ........................................... 108
Note 13—Income Taxes .............................................................. 110
Note 14—Earnings Per Share .......................................................... 114
Note 15—Derivative Instruments and Risk Management .................................... 115
Note 16—Restructuring Costs and Business Dispositions .................................... 121
Note 17—Subsequent Events .......................................................... 121
Note 18—Quarterly Information ........................................................ 122
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