Sunoco 2009 Annual Report Download - page 73

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Sunoco, Inc. and Subsidiaries
Consolidated Balance Sheets
(Millions of Dollars)
At December 31
2009 2008*
Assets
Cash and cash equivalents .............................................. $ 377 $ 240
Accounts and notes receivable, net ....................................... 2,262 1,636
Inventories (Note 6) .................................................... 635 821
Income tax refund receivable ............................................ 394
Deferred income taxes (Note 4) .......................................... 96 138
Total current assets .................................................... 3,764 2,835
Investments and long-term receivables (Note 7) ............................ 179 173
Properties, plants and equipment, net (Note 8) ............................. 7,626 7,799
Deferred charges and other assets (Note 10) ............................... 326 343
Total assets .......................................................... $11,895 $11,150
Liabilities and Equity
Accounts payable ..................................................... $ 3,322 $ 2,409
Accrued liabilities ...................................................... 484 731
Short-term borrowings (Note 11) ......................................... 397 310
Current portion of long-term debt (Note 12) ................................ 6 148
Taxes payable ........................................................ 209 339
Total current liabilities .................................................. 4,418 3,937
Long-term debt (Note 12) ............................................... 2,061 1,705
Retirement benefit liabilities (Note 9) ...................................... 778 836
Deferred income taxes (Note 4) .......................................... 998 859
Other deferred credits and liabilities (Note 13) .............................. 521 533
Commitments and contingent liabilities (Note 14)
Total liabilities ........................................................ 8,776 7,870
Equity (Notes 15,16 and 17)
Common stock, par value $1 per share
Authorized—400,000,000 shares;
Issued, 2009—281,206,200 shares;
Issued, 2008—281,141,020 shares ..................................... 281 281
Capital in excess of par value ............................................ 1,703 1,667
Retained earnings ..................................................... 5,541 6,010
Accumulated other comprehensive loss ................................... (329) (477)
Common stock held in treasury, at cost
2009—164,261,064 shares;
2008—164,263,232 shares ............................................ (4,639) (4,639)
Total Sunoco, Inc. shareholders’ equity .................................... 2,557 2,842
Noncontrolling interests ................................................ 562 438
Total equity .......................................................... 3,119 3,280
Total liabilities and equity ............................................... $11,895 $11,150
*Reclassified to conform to 2009 presentation (Note 1).
(See Accompanying Notes)
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