Johnson and Johnson 2010 Annual Report Download - page 43

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Consolidated Balance Sheets Johnson & Johnson and Subsidiaries
At January 2, 2011 and January 3, 2010 (Dollars in Millions Except Share and Per Share Data) (Note 1) 2010 2009
CONSOLIDATED FINANCIAL ST A TEMENTS41
Assets
Current assets
Cash and cash equivalents (Notes 1 and 2) $19,355 15,810
Marketable securities (Notes 1 and 2) 8,303 3,615
Accounts receivable trade, less allowances for doubtful accounts $340 (2009, $333) 9,774 9,646
Inventories (Notes 1 and 3) 5,378 5,180
Deferred taxes on income (Note 8) 2,224 2,793
Prepaid expenses and other receivables 2,273 2,497
Total current assets 47,307 39,541
Property, plant and equipment, net (Notes 1 and 4) 14,553 14,759
Intangible assets, net (Notes 1 and 5) 16,716 16,323
Goodwill (Notes 1 and 5) 15,294 14,862
Deferred taxes on income (Note 8) 5,096 5,507
Other assets 3,942 3,690
Total assets $102,908 94,682
Liabilities and Shareholders’ Equity
Current liabilities
Loans and notes payable (Note 7) $7,617 6,318
Accounts payable 5,623 5,541
Accrued liabilities 4,100 4,625
Accrued rebates, returns and promotions 2,512 2,028
Accrued compensation and employee related obligations 2,642 2,777
Accrued taxes on income 578 442
Total current liabilities 23,072 21,731
Long-term debt (Note 7) 9,156 8,223
Deferred taxes on income (Note 8) 1,447 1,424
Employee related obligations (Notes 9 and 10) 6,087 6,769
Other liabilities 6,567 5,947
Total liabilities 46,329 44,094
Shareholders’ equity
Preferred stock — without par value
(authorized and unissued 2,000,000 shares) — —
Common stock — par value $1.00 per share (Note 12)
(authorized 4,320,000,000 shares; issued 3,119,843,000 shares)3,120 3,120
Accumulated other comprehensive income (Note 13) (3,531) (3,058)
Retained earnings 77,773 70,306
77,362 70,368
Less: common stock held in treasury, at cost (Note 12)
(381,746,000 shares and 365,522,000 shares)20,783 19,780
Total shareholders’ equity 56,579 50,588
Total liabilities and shareholders’ equity $102,908 94,682
See Notes to Consolidated Financial Statements