Sunoco 2011 Annual Report Download - page 73
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Sunoco, Inc. and Subsidiaries
Consolidated Balance Sheets
(Millions of Dollars)
At December 31,
2011 2010
Assets
Cash and cash equivalents ..................................................... $ 2,064 $ 1,485
Accounts and notes receivable, net .............................................. 3,071 2,679
Inventories (Note 6) ......................................................... 587 404
Deferred income taxes (Note 4) ................................................ 286 129
Assets held for sale (Note 2) ................................................... — 1,029
Total current assets .......................................................... 6,008 5,726
Note receivable from sale of Toledo refinery (Note 2) ............................... 182 —
Investments and long-term receivables (Note 7) ................................... 158 160
Properties, plants and equipment, net (Note 8) ..................................... 4,965 7,055
Deferred income taxes (Note 4) ................................................ 68 —
Deferred charges and other assets (Note 10) ....................................... 601 356
Total assets ................................................................ $11,982 $13,297
Liabilities and Equity
Accounts payable ........................................................... $ 4,098 $ 3,912
Accrued liabilities ........................................................... 741 554
Short-term borrowings (Note 11) ............................................... 103 115
Current portion of long-term debt (Note 11) ....................................... 282 178
Taxes payable .............................................................. 146 170
Total current liabilities ....................................................... 5,370 4,929
Long-term debt (Note 11) ..................................................... 3,159 2,136
Retirement benefit liabilities (Note 9) ............................................ 542 481
Deferred income taxes (Note 4) ................................................ 544 1,390
Other deferred credits and liabilities (Note 12) ..................................... 567 562
Commitments and contingent liabilities (Note 13)
Total liabilities ............................................................. 10,182 9,498
Equity (Notes 14, 15 and 16)
Common stock, par value $1 per share
Authorized—400,000,000 shares;
Issued, 2011—281,924,162 shares;
Issued, 2010—281,265,236 shares ............................................ 282 281
Capital in excess of par value .................................................. 1,811 1,699
Retained earnings ........................................................... 3,947 5,702
Accumulated other comprehensive loss .......................................... (258) (249)
Common stock held in treasury, at cost
2011—175,112,126 shares;
2010—160,669,942 shares .................................................. (4,889) (4,387)
Total Sunoco, Inc. shareholders’ equity .......................................... 893 3,046
Noncontrolling interests ...................................................... 907 753
Total equity ................................................................ 1,800 3,799
Total liabilities and equity ..................................................... $11,982 $13,297
(See Accompanying Notes)
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