E-Z-GO 2010 Annual Report Download - page 54

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42
Consolidated Balance Sheets
(In millions, except share data)
January 1,
2011
January 2,
2010
Assets
Manufacturing group
Cash and equivalents
$ 898
$ 1,748
Accounts receivable, net
892
894
Inventories
2,277
2,273
Other current assets
980
985
Total current assets
5,047
5,900
Property, plant and equipment, net
1,932
1,968
Goodwill
1,632
1,622
Other assets
1,722
1,938
Total Manufacturing group assets
10,333
11,428
Finance group
Cash and cash equivalents
33
144
Finance receivables held for investment, net
3,871
5,865
Finance receivables held for sale
413
819
Other assets
632
684
Total Finance group assets
4,949
7,512
Total assets
$ 15,282
$ 18,940
Liabilities and shareholders’ equity
Liabilities
Manufacturing group
Current portion of long-term debt
$ 19
$ 134
Accounts payable
622
569
Accrued liabilities
2,016
2,039
Total current liabilities
2,657
2,742
Other liabilities
2,993
3,253
Long-term debt
2,283
3,450
Total Manufacturing group liabilities
7,933
9,445
Finance group
Other liabilities
391
564
Due to Manufacturing group
326
438
Debt
3,660
5,667
Total Finance group liabilities
4,377
6,669
Total liabilities
12,310
16,114
Shareholders’ equity
Common stock (277.7 million and 277.4 million shares issued, respectively, and 275.7 million
and 272.3 million shares outstanding, respectively) 35 35
Capital surplus
1,301
1,369
Retained earnings
3,037
2,973
Accumulated other comprehensive loss
(1,316)
(1,321)
3,057
3,056
Less cost of treasury shares
85
230
Total shareholders’ equity
2,972
2,826
Total liabilities and shareholders’ equity
$ 15,282
$ 18,940
See Notes to the Consolidated Financial Statements.