Whirlpool 2013 Annual Report Download - page 42

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WHIRLPOOL CORPORATION
Consolidated Balance Sheets
(Millions of dollars, except share data)
At December 31, 2013 2012
Assets
Current assets
Cash and equivalents $ 1,380 $ 1,168
Accounts receivable, net of allowance of $73 and $60, respectively 2,005 2,038
Inventories 2,408 2,354
Deferred income taxes 549 558
Prepaid and other current assets 680 709
Total current assets 7,022 6,827
Property, net of accumulated depreciation of $6,278 and $6,070, respectively 3,041 3,034
Goodwill 1,724 1,727
Other intangibles, net of accumulated amortization of $237 and $211, respectively 1,702 1,722
Deferred income taxes 1,764 1,832
Other noncurrent assets 291 254
Total assets $ 15,544 $ 15,396
Liabilities and stockholders’ equity
Current liabilities
Accounts payable $ 3,865 $ 3,698
Accrued expenses 710 692
Accrued advertising and promotions 441 419
Employee compensation 456 520
Notes payable 10 7
Current maturities of long-term debt 607 510
Other current liabilities 705 664
Total current liabilities 6,794 6,510
Noncurrent liabilities
Long-term debt 1,846 1,944
Pension benefits 930 1,636
Postretirement benefits 458 422
Other noncurrent liabilities 482 517
Total noncurrent liabilities 3,716 4,519
Stockholders’ equity
Common stock, $1 par value, 250 million shares authorized, 109 million and 108 million
shares issued and 77 million and 79 million shares outstanding, respectively 109 108
Additional paid-in capital 2,453 2,313
Retained earnings 5,784 5,147
Accumulated other comprehensive loss (1,298) (1,531)
Treasury stock, 32 million and 29 million shares, respectively (2,124) (1,777)
Total Whirlpool stockholders’ equity 4,924 4,260
Noncontrolling interests 110 107
Total stockholders’ equity 5,034 4,367
Total liabilities and stockholders’ equity $ 15,544 $ 15,396
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