United Technologies 2011 Annual Report Download - page 60

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CONSOLIDATED BALANCE SHEET
(Dollars in millions, except per share amounts; shares in thousands) 2011 2010
ASSETS
Cash and cash equivalents $5,960 $4,083
Accounts receivable (net of allowance for doubtful accounts of $394 and $402) 9,546 8,925
Inventories and contracts in progress, net 7,797 7,766
Future income tax benefits, current 1,662 1,623
Other assets, current 793 1,113
Total Current Assets 25,758 23,510
Customer financing assets 1,035 1,118
Future income tax benefits 2,387 1,970
Fixed assets, net 6,201 6,280
Goodwill 17,943 17,721
Intangible assets, net 3,918 4,060
Other assets 4,210 3,834
Total Assets $ 61,452 $ 58,493
LIABILITIES AND EQUITY
Short-term borrowings $630 $ 116
Accounts payable 5,570 5,206
Accrued liabilities 12,287 12,247
Long-term debt currently due 129 163
Total Current Liabilities 18,616 17,732
Long-term debt 9,501 10,010
Future pension and postretirement benefit obligations 5,007 3,592
Other long-term liabilities 5,150 4,510
Total Liabilities 38,274 35,844
Commitments and contingent liabilities (Notes 4 and 17)
Redeemable non-controlling interest 358 317
Shareowners’ Equity:
Capital Stock:
Preferred Stock, $1 par value; 250,000 shares authorized; None issued or outstanding ——
Common Stock, $1 par value; 4,000,000 shares authorized; 1,400,212 and 1,393,297
shares issued 13,445 12,597
Treasury Stock—492,990 and 472,028 common shares at cost (19,410) (17,468)
Retained earnings 33,487 30,191
Unearned ESOP shares (152) (166)
Accumulated other comprehensive income (loss):
Foreign currency translation 206 366
Other (5,696) (4,135)
Total Accumulated other comprehensive loss (5,490) (3,769)
Total Shareowners’ Equity 21,880 21,385
Non-controlling interest 940 947
Total Equity 22,820 22,332
Total Liabilities and Equity $61,452 $ 58,493
See accompanying Notes to Consolidated Financial Statements
58 UNITED TECHNOLOGIES CORPORATION