E-Z-GO 2011 Annual Report Download - page 57

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Consolidated Balance Sheets
(In millions, except share data)
December 31,
2011
January 1,
2011
Assets
Manufacturing group
Cash and equivalents
$ 871
$ 898
Accounts receivable, net
856
892
Inventories
2,402
2,277
Other current assets
1,134
980
Total current assets
5,263
5,047
Property, plant and equipment, net
1,996
1,932
Goodwill
1,635
1,632
Other assets
1,508
1,722
Total Manufacturing group assets
10,402
10,333
Finance group
Cash and equivalents
14
33
Finance receivables held for investment, net
2,321
3,871
Finance receivables held for sale
418
413
Other assets
460
632
Total Finance group assets
3,213
4,949
Total assets
$ 13,615
$ 15,282
Liabilities and shareholders’ equity
Liabilities
Manufacturing group
Current portion of long-term debt
$ 146
$ 19
Accounts payable
833
622
Accrued liabilities
1,952
2,016
Total current liabilities
2,931
2,657
Other liabilities
2,826
2,993
Long-term debt
2,313
2,283
Total Manufacturing group liabilities
8,070
7,933
Finance group
Other liabilities
333
391
Due to Manufacturing group
493
326
Debt
1,974
3,660
Total Finance group liabilities
2,800
4,377
Total liabilities
10,870
12,310
Shareholders’ equity
Common stock (279.1 million and 277.7 million shares issued, respectively, and 278.9 million
and 275.7 million shares outstanding, respectively)
35
35
Capital surplus
1,081
1,301
Retained earnings
3,257
3,037
Accumulated other comprehensive loss
(1,625)
(1,316)
2,748
3,057
Less cost of treasury shares
3
85
Total shareholders’ equity
2,745
2,972
Total liabilities and shareholders’ equity
$ 13,615
$ 15,282
See Notes to the Consolidated Financial Statements.
46
46 Textron Inc. Annual Report • 2011