Sunoco 2007 Annual Report Download - page 44

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Consolidated Balance Sheets Sunoco, Inc. and Subsidiaries
(Millions of Dollars)
At December 31 2007 2006
Assets
Current Assets
Cash and cash equivalents $ 648 $ 263
Accounts and notes receivable, net 2,710 2,440
Inventories (Note 6) 1,150 1,219
Deferred income taxes (Note 4) 130 93
Total Current Assets 4,638 4,015
Investments and long-term receivables (Note 7) 175 129
Properties, plants and equipment, net (Note 8) 7,039 6,365
Deferred charges and other assets (Note 10) 574 473
Total Assets $12,426 $10,982
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable $ 4,812 $ 3,615
Accrued liabilities 631 559
Short-term borrowings (Note 11) —275
Current portion of long-term debt (Note 12) 47
Taxes payable 193 299
Total Current Liabilities 5,640 4,755
Long-term debt (Note 12) 1,724 1,705
Retirement benefit liabilities (Note 9) 525 523
Deferred income taxes (Note 4) 1,027 829
Other deferred credits and liabilities (Note 13) 538 477
Commitments and contingent liabilities (Note 14)
Minority interests (Note 15) 439 618
Shareholders’ Equity (Notes 16 and 17)
Common stock, par value $1 per share
Authorized—400,000,000 shares;
Issued, 2007—281,079,728 shares;
Issued, 2006—280,746,662 shares 281 281
Capital in excess of par value 1,662 1,634
Retained earnings 5,372 4,622
Accumulated other comprehensive loss (193) (176)
Common stock held in treasury, at cost
2007—163,472,983 shares;
2006—159,445,766 shares (4,589) (4,286)
Total Shareholders’ Equity 2,533 2,075
Total Liabilities and Shareholders’ Equity $12,426 $10,982
(See Accompanying Notes)
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