Whirlpool 2012 Annual Report Download - page 36

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WHIRLPOOL CORPORATION
Consolidated Balance Sheets
(Millions of dollars, except share data)
At December 31, 2012 2011
Assets
Current assets
Cash and equivalents $ 1,168 $ 1,109
Accounts receivable, net of allowance of $60 and $61, respectively 2,038 2,105
Inventories 2,354 2,354
Deferred income taxes 558 248
Prepaid and other current assets 709 606
Total current assets 6,827 6,422
Property, net of accumulated depreciation of $6,070 and $6,146, respectively 3,034 3,102
Goodwill 1,727 1,727
Other intangibles, net of accumulated amortization of $211 and $177, respectively 1,722 1,757
Deferred income taxes 1,832 1,893
Other noncurrent assets 254 280
Total assets $ 15,396 $ 15,181
Liabilities and stockholders’ equity
Current liabilities
Accounts payable $ 3,698 $ 3,512
Accrued expenses 692 951
Accrued advertising and promotions 419 429
Employee compensation 520 365
Notes payable 71
Current maturities of long-term debt 510 361
Other current liabilities 664 678
Total current liabilities 6,510 6,297
Noncurrent liabilities
Long-term debt 1,944 2,129
Pension benefits 1,636 1,487
Postretirement benefits 422 430
Other noncurrent liabilities 517 558
Total noncurrent liabilities 4,519 4,604
Stockholders’ equity
Common stock, $1 par value, 250 million shares authorized, 108 million and 106 million shares
issued and 79 million and 76 million shares outstanding, respectively 108 106
Additional paid-in capital 2,313 2,201
Retained earnings 5,147 4,922
Accumulated other comprehensive loss (1,531) (1,226)
Treasury stock, 29 million and 30 million shares, respectively (1,777) (1,822)
Total Whirlpool stockholders’ equity 4,260 4,181
Noncontrolling interests 107 99
Total stockholders’ equity 4,367 4,280
Total liabilities and stockholders’ equity $ 15,396 $ 15,181