Dow Chemical 2013 Annual Report Download - page 93

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The Dow Chemical Company and Subsidiaries
Consolidated Balance Sheets
(In millions, except share amounts) At December 31 2013 2012
Assets
Current Assets
Cash and cash equivalents (variable interest entities restricted - 2013: $147; 2012: $146) $ 5,940 $ 4,318
Accounts and notes receivable:
Trade (net of allowance for doubtful receivables - 2013: $148; 2012: $121) 4,935 5,074
Other 4,712 4,605
Inventories 8,303 8,476
Deferred income tax assets - current 743 877
Other current assets 344 334
Total current assets 24,977 23,684
Investments
Investment in nonconsolidated affiliates 4,501 4,121
Other investments (investments carried at fair value - 2013: $2,056; 2012: $2,061) 2,541 2,565
Noncurrent receivables 365 313
Total investments 7,407 6,999
Property
Property 55,114 54,366
Less accumulated depreciation 37,660 36,846
Net property (variable interest entities restricted - 2013: $2,646; 2012: $2,554) 17,454 17,520
Other Assets
Goodwill 12,798 12,739
Other intangible assets (net of accumulated amortization - 2013: $3,270; 2012: $2,785) 4,314 4,711
Deferred income tax assets - noncurrent 1,964 3,333
Asbestos-related insurance receivables - noncurrent 86 155
Deferred charges and other assets 501 464
Total other assets 19,663 21,402
Total Assets $ 69,501 $ 69,605
Liabilities and Equity
Current Liabilities
Notes payable $ 443 $ 396
Long-term debt due within one year 697 672
Accounts payable:
Trade 4,590 5,010
Other 2,290 2,327
Income taxes payable 435 251
Deferred income tax liabilities - current 133 95
Dividends payable 467 86
Accrued and other current liabilities 2,916 2,656
Total current liabilities 11,971 11,493
Long-Term Debt (variable interest entities nonrecourse - 2013: $1,360; 2012: $1,406) 16,820 19,919
Other Noncurrent Liabilities
Deferred income tax liabilities - noncurrent 718 837
Pension and other postretirement benefits - noncurrent 8,176 11,459
Asbestos-related liabilities - noncurrent 434 530
Other noncurrent obligations 3,302 3,353
Total other noncurrent liabilities 12,630 16,179
Redeemable Noncontrolling Interest 156 147
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 2013: 1,213,405,223 shares; 2012: 1,203,292,822 shares) 3,054 3,008
Additional paid-in capital 3,928 3,281
Retained earnings 21,407 18,495
Accumulated other comprehensive loss (4,827) (7,516)
Unearned ESOP shares (357) (391)
Treasury stock at cost (2013: 8,152,030 shares; 2012: zero shares) (307) —
The Dow Chemical Company’s stockholders’ equity 26,898 20,877
Noncontrolling interests 1,026 990
Total equity 27,924 21,867
Total Liabilities and Equity $ 69,501 $ 69,605
See Notes to the Consolidated Financial Statements.