Dow Chemical 2012 Annual Report Download - page 97

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The Dow Chemical Company and Subsidiaries
Consolidated Balance Sheets
(In millions, except share amounts) At December 31 2012 2011
Assets
Current Assets
Cash and cash equivalents (variable interest entities restricted - 2012: $146; 2011: $170) $ 4,318 $ 5,444
Marketable securities and interest-bearing deposits —2
Accounts and notes receivable:
Trade (net of allowance for doubtful receivables - 2012: $121; 2011: $121) 5,074 4,900
Other 4,605 4,726
Inventories 8,476 7,577
Deferred income tax assets - current 877 471
Other current assets 334 302
Total current assets 23,684 23,422
Investments
Investment in nonconsolidated affiliates 4,121 3,405
Other investments (investments carried at fair value - 2012: $2,061; 2011: $2,008) 2,565 2,508
Noncurrent receivables 313 1,144
Total investments 6,999 7,057
Property
Property 54,366 52,216
Less accumulated depreciation 36,846 34,917
Net property (variable interest entities restricted - 2012: $2,554; 2011: $2,169) 17,520 17,299
Other Assets
Goodwill 12,739 12,930
Other intangible assets (net of accumulated amortization - 2012: $2,785; 2011: $2,349) 4,711 5,061
Deferred income tax assets - noncurrent 3,333 2,559
Asbestos-related insurance receivables - noncurrent 155 172
Deferred charges and other assets 464 724
Total other assets 21,402 21,446
Total Assets $ 69,605 $ 69,224
Liabilities and Equity
Current Liabilities
Notes payable $ 396 $ 541
Long-term debt due within one year 672 2,749
Accounts payable:
Trade 5,010 4,778
Other 2,327 2,216
Income taxes payable 251 382
Deferred income tax liabilities - current 95 129
Dividends payable 86 376
Accrued and other current liabilities 2,656 2,463
Total current liabilities 11,493 13,634
Long-Term Debt (variable interest entities nonrecourse - 2012: $1,406; 2011: $1,138) 19,919 18,310
Other Noncurrent Liabilities
Deferred income tax liabilities - noncurrent 837 1,091
Pension and other postretirement benefits - noncurrent 11,459 9,034
Asbestos-related liabilities - noncurrent 530 608
Other noncurrent obligations 3,353 3,109
Total other noncurrent liabilities 16,179 13,842
Redeemable Noncontrolling Interest 147 147
Stockholders’ Equity
Preferred stock, series A ($1.00 par, $1,000 liquidation preference, 4,000,000 shares) 4,000 4,000
Common stock (authorized 1,500,000,000 shares of $2.50 par value each;
issued 2012: 1,203,292,822 shares; 2011: 1,184,562,287 shares) 3,008 2,961
Additional paid-in capital 3,281 2,663
Retained earnings 18,495 19,087
Accumulated other comprehensive loss (7,516) (5,996)
Unearned ESOP shares (391) (434)
Treasury stock at cost (2012: zero shares; 2011: zero shares) ——
The Dow Chemical Company’s stockholders’ equity 20,877 22,281
Noncontrolling interests 990 1,010
Total equity 21,867 23,291
Total Liabilities and Equity $ 69,605 $ 69,224
See Notes to the Consolidated Financial Statements.