Avon 2006 Annual Report Download - page 54

CONSOLIDATED BALANCE SHEETS
(In millions, except per share data)
December 31 2006 2005
Assets
Current assets
Cash, including cash equivalents of $825.1 and $721.6 $ 1,198.9 $ 1,058.7
Accounts receivable (less allowances of $119.1 and $110.1) 700.4 634.1
Inventories 900.3 801.7
Prepaid expenses and other 534.8 424.5
Total current assets 3,334.4 2,919.0
Property, plant and equipment, at cost
Land 65.3 61.9
Buildings and improvements 910.0 901.3
Equipment 1,137.0 1,033.7
2,112.3 1,996.9
Less accumulated depreciation (1,012.1) (946.1)
1,100.2 1,050.8
Other assets 803.6 791.6
Total assets $ 5,238.2 $ 4,761.4
Liabilities and Shareholders' Equity
Current liabilities
Debt maturing within one year $ 615.6 $ 882.5
Accounts payable 655.8 538.2
Accrued compensation 266.9 236.1
Other accrued liabilities 601.6 446.3
Sales and taxes other than income 201.0 172.4
Income taxes 209.2 224.2
Total current liabilities 2,550.1 2,499.7
Long-term debt 1,170.7 766.5
Employee benefit plans 504.9 484.2
Deferred income taxes 30.1 34.3
Other liabilities (including minority interest of $37.0 and $39.9) 192.0 182.5
Total liabilities $ 4,447.8 $ 3,967.2
Commitments and contingencies (Notes 12 and 14)
Shareholders' equity
Common stock, par value $.25 – authorized 1,500 shares;
issued 732.7 and 731.4 shares 183.5 182.9
Additional paid-in capital 1,549.8 1,448.7
Retained earnings 3,396.8 3,233.1
Accumulated other comprehensive loss (656.3) (740.9)
Treasury stock, at cost – 291.4 and 279.9 shares (3,683.4) (3,329.6)
Total shareholders' equity $ 790.4 $ 794.2
Total liabilities and shareholders' equity $ 5,238.2 $ 4,761.4
The accompanying notes are an integral part of these statements.