Emerson 2014 Annual Report Download - page 35

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2014 Emerson > 31
2013 2014
ASSETS
Current assets
Cash and equivalents $ 3,275 3,149
Receivables, less allowances of $103 in 2013 and $114 in 2014 4,808 5,019
Inventories 1,895 2,057
Other current assets 1,021 642
Total current assets 10,999 10,867
Property, plant and equipment, net 3,605 3,802
Other assets
Goodwill 7,509 7,182
Other intangible assets 1,672 1,689
Other 926 637
Total other assets 10,107 9,508
Total assets $24,711 24,177
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings and current maturities of long-term debt $ 1,587 2,465
Accounts payable 2,725 2,951
Accrued expenses 3,184 2,876
Income taxes 129 162
Total current liabilities 7,625 8,454
Long-term debt 4,055 3,559
Other liabilities 2,313 1,997
Equity
Common stock, $0.50 par value; authorized, 1,200,000,000 shares; issued, 953,354,012
shares; outstanding, 706,660,259 shares in 2013; 696,605,222 shares in 2014 477 477
Additional paid-in-capital 352 161
Retained earnings 18,930 19,867
Accumulated other comprehensive income (loss) (189) (575)
19,570 19,930
Less: Cost of common stock in treasury, 246,693,753 shares in 2013; 256,748,790 shares in 2014 8,985 9,811
Common stockholders' equity 10,585 10,119
Noncontrolling interests in subsidiaries 133 48
Total equity 10,718 10,167
Total liabilities and equity $24,711 24,177
EMERSON ELECTRIC CO. & SUBSIDIARIES
September 30 | Dollars in millions, except per share amounts
CONSOLIDATED BALANCE SHEETS
See accompanying Notes to Consolidated Financial Statements.