Reference no: EM133971212

Question

Dawning Company Consolidated Balance Sheet (in millions, except per share amounts) As of December 31 2011 2010 Assets Current assets Cash and cash equivalents $ 878 $ 490 Receivables (net of allowances of $49 and $53, respectively) 1,675 1,610 Inventories 1,327 1,222 Other current assets 522 408 Total current assets 4,402 3,730 Property, plant and equipment, net 3,668 3,693 Goodwill, net 2,657 2,362 Other intangible assets, net 1,341 831 Deferred income taxes 115 84 Other assets 541 472 Total assets $12,724 $ 11,172 Liabilities and Shareholders' Equity Current liabilities Notes and loans payable $ 34 $ 48 Current portion of long-term debt 346 561 Accounts payable 1,244 1,165 Accrued income taxes 392 272 Other accruals 1,700 1,682 Total current liabilities 3,716 3,728 Long-term debt 4,430 2,815 Deferred income taxes 252 108 Other liabilities 1,785 1,704 Total liabilities 10,183 8,355 Commitments and contingent liabilities Shareholders' equity Common stock, $1 par value (2,000,000,000 shares authorized, 732,853,180 shares issued) Additional paid-in capital 1,336 1,132 Retained earnings 15, 649 14,329 Accumulated other comprehensive income (loss) (2,475) (2,115) 15,243 14,079 Unearned compensation (60) 99) Treasury stock, at cost (12,808) (11,305) Total Dawning Company shareholders' equity 2,375 2,675 Noncontrolling interests 166 142 Total shareholders' equity 2,541.