Johnson and Johnson 2011 Annual Report Download - page 39

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Consolidated Balance Sheets Johnson & Johnson and Subsidiaries
At January 1, 2012 and January 2, 2011 (Dollars in Millions Except Share and Per Share Data) (Note 1) 2011 2010
CONSOLIDATED FINANCIAL STATEMENTS 37
Assets
Current assets
Cash and cash equivalents (Notes 1 and 2) $ 24,542 19,355
Marketable securities (Notes 1 and 2) 7,719 8,303
Accounts receivable trade, less allowances for doubtful accounts $361 (2010, $340) 10,581 9,774
Inventories (Notes 1 and 3) 6,285 5,378
Deferred taxes on income (Note 8) 2,556 2,224
Prepaid expenses and other receivables 2,633 2,273
Total current assets 54,316 47,307
Property, plant and equipment, net (Notes 1 and 4) 14,739 14,553
Intangible assets, net (Notes 1 and 5) 18,138 16,716
Goodwill (Notes 1 and 5) 16,138 15,294
Deferred taxes on income (Note 8) 6,540 5,096
Other assets 3,773 3,942
Total assets $113,644 102,908
Liabilities and Shareholders’ Equity
Current liabilities
Loans and notes payable (Note 7) $ 6,658 7,617
Accounts payable 5,725 5,623
Accrued liabilities 4,608 4,100
Accrued rebates, returns and promotions 2,637 2,512
Accrued compensation and employee related obligations 2,329 2,642
Accrued taxes on income 854 578
Total current liabilities 22,811 23,072
Long-term debt (Note 7) 12,969 9,156
Deferred taxes on income (Note 8) 1,800 1,447
Employee related obligations (Notes 9 and 10) 8,353 6,087
Other liabilities 10,631 6,567
Total liabilities 56,564 46,329
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) (5,632) (3,531)
Retained earnings 81,251 77,773
78,739 77,362
Less: common stock held in treasury, at cost (Note 12)
(395,480,000 shares and 381,746,000 shares) 21,659 20,783
Total shareholders’ equity 57,080 56,579
Total liabilities and shareholders’ equity $113,644 102,908
See Notes to Consolidated Financial Statements