Whirlpool 2009 Annual Report Download - page 102

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CON S OL IDAT E D BA L AN CE SH EE T S
(Millions of dollars, except per share data)
December 31,
2009
December 31,
2008
Assets
Current assets
Cash and equivalents $ 1,380 $ 146
Accounts receivable, net of allowance for uncollectible accounts of
$76 and $66 at December 31, 2009 and December 31, 2008,
respectively 2,500 2,103
Inventories 2,197 2,591
Prepaid expenses 99 110
Deferred income taxes 295 580
Other current assets 554 514
Total current assets 7,025 6,044
Other assets
Goodwill, net 1,729 1,728
Other intangibles, net of accumulated amortization of $132 and $96
at December 31, 2009 and December 31, 2008, respectively 1,796 1,821
Other assets 1,427 954
Total other assets 4,952 4,503
Property, plant and equipment
Land 77 74
Buildings 1,207 1,186
Machinery and equipment 8,193 7,549
Accumulated depreciation (6,360) (5,824)
Total property, plant and equipment 3,117 2,985
Total assets $15,094 $13,532
Liabilities and stockholders’ equity
Current liabilities
Accounts payable $ 3,308 $ 2,805
Accrued expenses 632 530
Accrued advertising and promotions 475 440
Employee compensation 501 306
Notes payable 23 393
Current maturities of long-term debt 378 202
Other current liabilities 624 887
Total current liabilities 5,941 5,563
Noncurrent liabilities
Long-term debt 2,502 2,002
Pension benefits 1,557 1,505
Postretirement benefits 693 822
Other liabilities 641 567
Total noncurrent liabilities 5,393 4,896
Commitments and contingencies
Stockholders’ equity
Common stock, $1 par value, 250 million shares authorized, 105
million and 104 million shares issued at December 31, 2009 and
December 31, 2008, respectively, 75 million and 73 million shares
outstanding at December 31, 2009 and December 31, 2008,
respectively 105 104
Additional paid-in capital 2,067 2,033
Retained earnings 4,193 3,993
Accumulated other comprehensive income (loss) (868) (1,259)
Treasury stock, 30 million shares and 31 million shares at
December 31, 2009 and December 31, 2008, respectively (1,833) (1,865)
Total Whirlpool stockholders’ equity 3,664 3,006
Noncontrolling interests 96 67
Total stockholders’ equity 3,760 3,073
Total liabilities and stockholders’ equity $15,094 $13,532
98