Whirlpool 2001 Annual Report Download - page 40

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Consolidated Balance Sheets
December 31 (millions of dollars) 2001 2000
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Notes payable $ 148 $ 961
Accounts payable 1,427 1,257
Employee compensation 252 256
Deferred income taxes 102 103
Accrued expenses 623 590
Restructuring costs 77 5
Accrued product recalls 239 –
Other current liabilities 195 102
Current maturities of long-term debt 19 29
Total Current Liabilities 3,082 3,303
Other liabilities
Deferred income taxes 177 175
Postemployment benefits 623 630
Product warranty 45 48
Other liabilities 160 120
Long-term debt 1,295 795
2,300 1,768
Minority interests 127 147
Stockholders’ equity
Common stock, $1 par value: 250 million shares authorized 86 84
Paid-in capital 480 393
Retained earnings 2,470 2,539
Unearned restricted stock –(11)
Accumulated other comprehensive income (697) (495)
Treasury stock—18 million shares at cost (881) (826)
Total Stockholders’ Equity 1,458 1,684
Total Liabilities and Stockholders’ Equity $ 6,967 $ 6,902
See notes to consolidated financial statements
Consolidated Balance Sheets (continued)
38