Whirlpool 2003 Annual Report Download - page 31

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29
December 31 (Millions of dollars) 2003 2002
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Notes payable $ 260 $ 221
Accounts payable 1,944 1,631
Employee compensation 303 273
Deferred income taxes 48 100
Accrued expenses 701 664
Restructuring costs 45 122
Other current liabilities 269 283
Current maturities of long-term debt 19 211
Total Current Liabilities 3,589 3,505
Other liabilities
Deferred income taxes 236 117
Pension benefits 298 358
Postemployment benefits 489 487
Product warranty 53 57
Other liabilities 198 198
Long-term debt 1,134 1,092
2,408 2,309
Minority interests 63 78
Stockholders’ equity
Common stock, $1 par value: 88 87
Shares authorized – 250 million
Shares issued – 89 million (2003); 87 million (2002)
Shares outstanding – 69 million (2003); 68 million (2002)
Paid-in capital 659 582
Retained earnings 2,276 1,985
Accumulated other comprehensive income (loss) (757) (999)
Treasury stock – 20 million shares (2003); 19 million shares (2002) (965) (916)
Total Stockholders’ Equity 1,301 739
Total Liabilities and Stockholders’ Equity $ 7,361 $ 6,631