Dow Chemical 2009 Annual Report Download - page 110

Table of Contents
The Dow Chemical Company and Subsidiaries
Consolidated Balance Sheets
(In millions, except share amounts) At December 31 2009 2008
Assets
Current Assets
Cash and cash equivalents $ 2,846 $ 2,800
Accounts and notes receivable:
Trade (net of allowance for doubtful receivables - 2009: $160; 2008: $124) 5,656 3,782
Other 3,539 3,074
Inventories 6,847 6,036
Deferred income tax assets - current 672 368
Total current assets 19,560 16,060
Investments
Investment in nonconsolidated affiliates 3,224 3,204
Other investments (investments carried at fair value - 2009: $2,136; 2008: $1,853) 2,561 2,245
Noncurrent receivables 210 276
Total investments 5,995 5,725
Property
Property 53,567 48,391
Less accumulated depreciation 35,426 34,097
Net property 18,141 14,294
Other Assets
Goodwill 13,114 3,394
Other intangible assets (net of accumulated amortization - 2009: $1,302; 2008: $825) 5,966 829
Deferred income tax assets - noncurrent 2,039 3,900
Asbestos-related insurance receivables - noncurrent 330 658
Deferred charges and other assets 792 614
Total other assets 22,241 9,395
Total Assets $ 65,937 $ 45,474
Liabilities and Equity
Current Liabilities
Notes payable $ 2,139 $ 2,360
Long-term debt due within one year 1,082 1,454
Accounts payable:
Trade 4,153 3,306
Other 2,014 2,227
Income taxes payable 186 637
Deferred income tax liabilities - current 78 88
Dividends payable 254 411
Accrued and other current liabilities 3,200 2,625
Total current liabilities 13,106 13,108
Long-Term Debt 19,152 8,042
Other Noncurrent Liabilities
Deferred income tax liabilities - noncurrent 1,285 746
Pension and other postretirement benefits - noncurrent 7,242 5,466
Asbestos-related liabilities - noncurrent 734 824
Other noncurrent obligations 3,294 3,208
Total other noncurrent liabilities 12,555 10,244
Preferred Securities of Subsidiaries - 500
Stockholders' Equity
Preferred stock, series A ($1.00 par, $1,000 liquidation preference, 4,000,000 shares) 4,000 -
Common stock (authorized 1,500,000,000 shares of $2.50 par value each; issued 1,162,375,462 shares) 2,906 2,453
Additional paid-in capital 1,913 872
Retained earnings 16,704 17,013
Accumulated other comprehensive loss (3,892) (4,389)
Unearned ESOP shares (519) -
Treasury stock at cost (2009: 12,158,605 shares; 2008: 57,031,291 shares) (557) (2,438)
The Dow Chemical Company's stockholders' equity 20,555 13,511
Noncontrolling interests 569 69
Total equity 21,124 13,580
Total Liabilities and Equity $ 65,937 $ 45,474
See Notes to the Consolidated Financial Statements.
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