Whirlpool 2002 Annual Report Download - page 23

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2002 Annual Report 43
Consolidated Balance Sheets
42
Consolidated Balance Sheets
December 31 –Millions of dollars 2002 2001
ASSETS
Current assets
Cash and equivalents $ 192 $ 316
Trade receivables, less allowances (2002: $94; 2001: $93) 1,781 1,515
Inventories 1,089 1,110
Prepaid expenses and other 64 59
Deferred income taxes 83 176
Other current assets 118 135
Total Current Assets 3,327 3,311
Other assets
Investment in affiliated companies 7 117
Goodwill, net 161 685
Other intangibles, net 182 23
Deferred income taxes 437 354
Prepaid pension costs 43 208
Other assets 136 217
966 1,604
Property, plant and equipment
Land 87 56
Buildings 954 886
Machinery and equipment 4,793 4,372
Accumulated depreciation (3,496) (3,262)
2,338 2,052
Total Assets $ 6,631 $ 6,967
December 31 –Millions of dollars 2002 2001
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Notes payable $ 221 $ 148
Accounts payable 1,631 1,427
Employee compensation 273 252
Deferred income taxes 100 102
Accrued expenses 664 623
Restructuring costs 122 77
Accrued product recalls —239
Other current liabilities 283 195
Current maturities of long-term debt 211 19
Total Current Liabilities 3,505 3,082
Other liabilities
Deferred income taxes 117 177
Pension benefits 358 143
Postemployment benefits 487 480
Product warranty 57 45
Other liabilities 198 160
Long-term debt 1,092 1,295
2,309 2,300
Minority interests 78 127
Stockholders’ equity
Common stock, $1 par value: 87 86
Authorized – 250 million shares
Issued – 87 million shares (2002); 85 million shares (2001)
Outstanding – 68 million shares (2002); 67 million shares (2001)
Paid-in capital 582 480
Retained earnings 1,985 2,470
Accumulated other comprehensive income (loss) (999) (697)
Treasury stock – 19 million shares (2002); 18 million shares (2001) (916) (881)
Total Stockholders’ Equity 739 1,458
Total Liabilities and Stockholders’ Equity $ 6,631 $ 6,967
See notes to consolidated financial statements