Whirlpool 2010 Annual Report Download - page 44

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W H I R LP O O L C O R P O R AT I O N
Consolidated Balance Sheets
(Millions of dollars, except share data)
At December 31, 2010 2009
Assets
Current assets
Cash and equivalents $ 1,368 $ 1,380
Accounts receivable, net of allowance of $66 in 2010 and $76 in 2009 2,278 2,500
Inventories 2,792 2,197
Deferred income taxes 204 295
Prepaid and other current assets 673 653
Total current assets 7,315 7,025
Property, net of accumulated depreciation of $6,660 in 2010 and $6,360 in 2009 3,134 3,117
Goodwill 1,731 1,729
Other intangibles, net of accumulated amortization of $146 in 2010 and $132 in 2009 1,789 1,796
Deferred income taxes 1,305 1,104
Other noncurrent assets 310 323
Total assets $ 15,584 $ 15,094
Liabilities and stockholders’ equity
Current liabilities
Accounts payable $ 3,660 $ 3,308
Accrued expenses 671 632
Accrued advertising and promotions 426 475
Employee compensation 467 501
Notes payable 223
Current maturities of long-term debt 312 378
Other current liabilities 611 624
Total current liabilities 6,149 5,941
Noncurrent liabilities
Long-term debt 2,195 2,502
Pension benefits 1,519 1,557
Postretirement benefits 610 693
Other noncurrent liabilities 791 641
Total noncurrent liabilities 5,115 5,393
Stockholders’ equity
Common stock, $1 par value, 250 million shares authorized,
106 million and 105 million shares issued in 2010 and 2009,
76 million and 75 million shares outstanding in 2010 and 2009 106 105
Additional paid-in capital 2,156 2,067
Retained earnings 4,680 4,193
Accumulated other comprehensive loss (893) (868)
Treasury stock, 30 million shares in 2010 and 2009 (1,823) (1,833)
Total Whirlpool stockholders’ equity 4,226 3,664
Noncontrolling interests 94 96
Total stockholders’ equity 4,320 3,760
Total liabilities and stockholders’ equity $ 15,584 $ 15,094