Sunoco 2003 Annual Report Download - page 43

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Consolidated Balance Sheets Sunoco, Inc. and Subsidiaries
(Millions of Dollars)
At December 31 2003 2002
Assets
Current Assets
Cash and cash equivalents $ 431 $ 390
Accounts and notes receivable, net 1,072 923
Inventories (Note 6) 474 491
Deferred income taxes (Note 4) 91 94
Total Current Assets 2,068 1,898
Investments and long-term receivables (Note 7) 192 220
Properties, plants and equipment, net (Note 8) 4,277 4,099
Prepaid retirement costs (Note 9) 11 5
Deferred charges and other assets (Note 3) 374 219
Total Assets $ 6,922 $ 6,441
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable $ 1,391 $ 1,316
Accrued liabilities 434 339
Current portion of long-term debt (Note 11) 103 2
Taxes payable 242 119
Total Current Liabilities 2,170 1,776
Long-term debt (Note 11) 1,350 1,453
Retirement benefit liabilities (Note 9) 604 653
Deferred income taxes (Note 4) 602 490
Other deferred credits and liabilities (Note 12) 208 196
Commitments and contingent liabilities (Note 12)
Minority interests (Note 13) 432 479
Shareholders’ Equity (Notes 14 and 15)
Common stock, par value $1 per share
Authorized— 200,000,000 shares;
Issued, 2003— 136,801,064 shares;
Issued, 2002— 134,760,400 shares 137 135
Capital in excess of par value 1,552 1,489
Earnings employed in the business 2,376 2,143
Accumulated other comprehensive loss (187) (195)
Common stock held in treasury, at cost
2003— 61,420,158; 2002— 58,321,433 shares (2,322) (2,178)
Total Shareholders’ Equity 1,556 1,394
Total Liabilities and Shareholders’ Equity $ 6,922 $ 6,441
(See Accompanying Notes)
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