Dow Chemical 2011 Annual Report Download - page 171

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The Dow Chemical Company and Subsidiaries
Consolidated Balance Sheets
(In millions, except share amounts) At December 31
Assets
Current Assets
Cash and cash equivalents (variable interest entities restricted - 2011: $170; 2010: $145)
Marketable securities and interest-bearing deposits
Accounts and notes receivable:
Trade (net of allowance for doubtful receivables - 2011: $121; 2010: $128)
Other
Inventories
Deferred income tax assets - current
Other current assets
Total current assets
Investments
Investment in nonconsolidated affiliates
Other investments (investments carried at fair value - 2011: $2,008; 2010: $2,064)
Noncurrent receivables
Total investments
Property
Property
Less accumulated depreciation
Net property (variable interest entities restricted - 2011: $2,169; 2010: $1,388)
Other Assets
Goodwill
Other intangible assets (net of accumulated amortization - 2011: $2,349; 2010: $1,805)
Deferred income tax assets - noncurrent
Asbestos-related insurance receivables - noncurrent
Deferred charges and other assets
Total other assets
Total Assets
Liabilities and Equity
Current Liabilities
Notes payable
Long-term debt due within one year
Accounts payable:
Trade
Other
Income taxes payable
Deferred income tax liabilities - current
Dividends payable
Accrued and other current liabilities
Total current liabilities
Long-Term Debt (variable interest entities nonrecourse - 2011: $1,138; 2010: $167)
Other Noncurrent Liabilities
Deferred income tax liabilities - noncurrent
Pension and other postretirement benefits - noncurrent
Asbestos-related liabilities - noncurrent
Other noncurrent obligations
Total other noncurrent liabilities
Redeemable Noncontrolling Interest
Stockholders’ Equity
Preferred stock, series A ($1.00 par, $1,000 liquidation preference, 4,000,000 shares)
Common stock (authorized 1,500,000,000 shares of $2.50 par value each;
issued 2011: 1,184,562,287 shares; 2010: 1,172,354,054 shares)
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Unearned ESOP shares
Treasury stock at cost (2011: zero shares; 2010: 5,137,039 shares)
The Dow Chemical Company’s stockholders’ equity
Noncontrolling interests
Total equity
Total Liabilities and Equity
2011
$ 5,444
2
4,900
4,726
7,577
471
302
23,422
3,405
2,508
1,144
7,057
52,216
34,917
17,299
12,930
5,061
2,559
172
724
21,446
$ 69,224
$ 541
2,749
4,778
2,216
382
129
376
2,463
13,634
18,310
1,091
9,034
608
3,109
13,842
147
4,000
2,961
2,663
19,087
(5,996)
(434)
—
22,281
1,010
23,291
$ 69,224
2010
$ 7,039
—
4,616
4,428
7,087
611
349
24,130
3,453
2,542
388
6,383
51,648
33,980
17,668
12,967
5,530
2,079
220
611
21,407
$ 69,588
$ 1,467
1,755
4,356
2,249
349
105
257
3,358
13,896
20,605
1,295
7,492
663
2,995
12,445
—
4,000
2,931
2,286
17,736
(4,399)
(476)
(239)
21,839
803
22,642
$ 69,588
See Notes to the Consolidated Financial Statements.