Comerica 2007 Annual Report Download - page 127
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Note 25 — Parent Company Financial Statements
Balance Sheets — Comerica Incorporated
2007 2006
December 31
(in millions, except
share data)
ASSETS
Cash and due from subsidiary bank . ........................................ $1$ 122
Short-term investments with subsidiary bank . ................................. 224 246
Other short-term investments .............................................. 102 92
Investment in subsidiaries, principally banks .................................. 5,840 5,586
Premises and equipment. . . ............................................... 44
Other assets . . . ........................................................ 166 152
Total assets. ........................................................ $ 6,337 $ 6,202
LIABILITIES AND SHAREHOLDERS’ EQUITY
Medium- and long-term debt .............................................. $ 968 $ 806
Other liabilities . ........................................................ 252 243
Total liabilities ...................................................... 1,220 1,049
Common stock — $5 par value:
Authorized — 325,000,000 shares
Issued — 178,735,252 shares at 12/31/07 and 12/31/06 ........................ 894 894
Capital surplus . ........................................................ 564 520
Accumulated other comprehensive loss ...................................... (177) (324)
Retained earnings ....................................................... 5,497 5,282
Less cost of common stock in treasury — 28,747,097 shares at 12/31/07 and
21,161,161 shares at 12/31/06 ............................................ (1,661) (1,219)
Total shareholders’ equity ............................................. 5,117 5,153
Total liabilities and shareholders’ equity .................................. $ 6,337 $ 6,202
125
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Comerica Incorporated and Subsidiaries