Avon 2014 Annual Report Download - page 79

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CONSOLIDATED BALANCE SHEETS
(In millions, except per share data)
December 31 2014 2013
Assets
Current Assets
Cash, including cash equivalents of $440.3 and $576.2 $ 960.5 $ 1,107.9
Accounts receivable (less allowances of $118.0 and $147.2) 563.5 676.3
Inventories 822.2 967.7
Prepaid expenses and other 618.3 689.3
Total current assets 2,964.5 3,441.2
Property, plant and equipment, at cost
Land 45.8 55.3
Buildings and improvements 1,011.1 1,085.3
Equipment 1,235.7 1,343.9
2,292.6 2,484.5
Less accumulated depreciation (1,061.6) (1,091.2)
Property, plant and equipment, net 1,231.0 1,393.3
Goodwill 249.3 282.5
Other assets 1,052.0 1,375.3
Total assets $ 5,496.8 $ 6,492.3
Liabilities and Shareholders’ Equity
Current Liabilities
Debt maturing within one year $ 137.1 $ 188.0
Accounts payable 895.4 896.5
Accrued compensation 210.5 271.2
Other accrued liabilities 598.8 652.6
Sales and taxes other than income 168.6 186.8
Income taxes 36.8 45.4
Total current liabilities 2,047.2 2,240.5
Long-term debt 2,463.9 2,532.7
Employee benefit plans 501.8 398.0
Long-term income taxes 77.8 53.3
Other liabilities 100.8 140.3
Total liabilities 5,191.5 5,364.8
Commitments and contingencies (Notes 13 and 15)
Shareholders’ Equity
Common stock, par value $.25 – authorized 1,500 shares; issued 750.3 and 748.8 shares 187.6 189.4
Additional paid-in capital 2,207.9 2,175.6
Retained earnings 3,702.9 4,196.7
Accumulated other comprehensive loss (1,217.6) (870.4)
Treasury stock, at cost (315.6 and 314.9 shares) (4,591.0) (4,581.2)
Total Avon shareholders’ equity 289.8 1,110.1
Noncontrolling interests 15.5 17.4
Total shareholders’ equity 305.3 1,127.5
Total liabilities and shareholders’ equity $ 5,496.8 $ 6,492.3
The accompanying notes are an integral part of these statements.
A V O N 2014 F-5