Emerson 2005 Annual Report Download - page 43

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E M E R S O N 2 0 0 5 3 1
LIABILITIES AND STOCKHOLDERS’ EQUITY 2004 2005
Current liabilities
Short-term borrowings and current maturities of long-term debt $ 902 970
Accounts payable 1,629 1,841
Accrued expenses 1,695 1,839
Income taxes 113 281
Total current liabilities 4,339 4,931
Long-term debt 3,136 3,128
Other liabilities 1,648 1,768
Stockholders’ equity
Preferred stock of $2.50 par value per share
Authorized 5,400,000 shares; issued - none — —
Common stock of $0.50 par value per share
Authorized 1,200,000,000 shares; issued 476,677,006 shares;
outstanding 419,428,547 shares in 2004 and 410,651,564 shares in 2005 238 238
Additional paid-in capital 87 120
Retained earnings 9,471 10,199
Accumulated other comprehensive income (88) (65)
9,708 10,492
Less cost of common stock in treasury, 57,248,459 shares in 2004 and
66,025,442 shares in 2005 2,470 3,092
Total stockholders’ equity 7,238 7,400
$16,361 17,227