International Paper 2012 Annual Report Download - page 76
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CONSOLIDATED BALANCE SHEET
In millions, except per share amounts, at December 31 2012 2011
ASSETS
Current Assets
Cash and temporary investments $ 1,302 $ 3,994
Accounts and notes receivable, less allowances of $119 in 2012 and $126 in 2011 3,562 3,486
Inventories 2,730 2,320
Deferred income tax assets 323 296
Assets of businesses held for sale 759 196
Other current assets 229 164
Total Current Assets 8,905 10,456
Plants, Properties and Equipment, net 13,949 11,817
Forestlands 622 660
Investments 887 657
Financial Assets of Special Purpose Entities (Note 11) 2,108 —
Goodwill 4,315 2,346
Deferred Charges and Other Assets 1,367 1,082
Total Assets $32,153 $27,018
LIABILITIES AND EQUITY
Current Liabilities
Notes payable and current maturities of long-term debt $ 444 $ 719
Accounts payable 2,775 2,500
Accrued payroll and benefits 508 467
Liabilities of businesses held for sale 44 43
Other accrued liabilities 1,227 1,009
Total Current Liabilities 4,998 4,738
Long-Term Debt 9,696 9,189
Nonrecourse Financial Liabilities of Special Purpose Entities (Note 11) 2,036 —
Deferred Income Taxes 3,026 2,497
Pension Benefit Obligation 4,112 2,375
Postretirement and Postemployment Benefit Obligation 473 476
Other Liabilities 1,176 758
Commitments and Contingent Liabilities (Note 10)
Equity
Common stock $1 par value, 2012 – 439.9 shares and 2011 – 438.9 shares 440 439
Paid-in capital 6,042 5,908
Retained earnings 3,662 3,355
Accumulated other comprehensive loss (3,840) (3,005)
6,304 6,697
Less: Common stock held in treasury, at cost, 2012 – 0.013 shares and 2011 – 1.9 shares —52
Total Shareholders’ Equity 6,304 6,645
Noncontrolling interests 332 340
Total Equity 6,636 6,985
Total Liabilities and Equity $32,153 $27,018
The accompanying notes are an integral part of these financial statements.
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