Emerson 2012 Annual Report Download - page 35

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2012 Annual Report | 33
LIABILITIES AND EQUITY 2011 2012
Current liabilities
Short-term borrowings and current maturities of long-term debt $ 877 1,506
Accounts payable 2,677 2,767
Accrued expenses 2,772 2,732
Income taxes 139 128
Total current liabilities 6,465 7,133
Long-term debt 4,324 3,787
Other liabilities 2,521 2,456
Equity
Preferred stock, $2.50 par value per share;
Authorized, 5,400,000 shares; issued, none – –
Common stock, $0.50 par value per share;
Authorized, 1,200,000,000 shares; issued, 953,354,012 shares;
outstanding, 738,877,768 shares in 2011 and 724,113,291 shares in 2012 477 477
Additional paid-in capital 317 324
Retained earnings 17,310 18,107
Accumulated other comprehensive income (562) (731)
17,542 18,177
Less: Cost of common stock in treasury, 214,476,244 shares in 2011
and 229,240,721 shares in 2012 7,143 7,882
Common stockholders' equity 10,399 10,295
Noncontrolling interests in subsidiaries 152 147
Total equity 10,551 10,442
Total liabilities and equity $23,861 23,818