Proctor and Gamble 2006 Annual Report Download - page 45

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The Procter &Gamble Company and Subsidiaries 43
See accompanying Notes to Consolidated Financial Statements.
Consolidated Balance Sheets
Liabilities and Shareholders’ Equity
Amounts in millions; June 30 2006 2005
CURRENT LIABILITIES
Accounts payable $ 4,910 $3,802
Accrued and other liabilities 9,587 7,531
Taxes payable 3,360 2,265
Debt due within one year 2,128 11,441
TOTAL CURRENT LIABILITIES 19,985 25,039
LONG-TERM DEBT 35,976 12,887
DEFERRED INCOME TAXES 12,354 1,896
OTHER NONCURRENT LIABILITIES 4,472 3,230
TOTAL LIABILITIES 72,787 43,052
SHAREHOLDERS’ EQUITY
Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) 1,451 1,483
Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) ——
Common stock, stated value $1 per share (10,000 shares authorized;
shares issued: 2006 – 3,975.8, 2005 – 2,976.6) 3,976 2,977
Additional paid-in capital 57,856 3,030
Reserve for ESOP debt retirement (1,288) (1,259)
Accumulated other comprehensive income (518) (1,566)
Treasury stock, at cost (shares held: 2006 – 797.0, 2005 – 503.7) (34,235) (17,194)
Retained earnings 35,666 31,004
TOTAL SHAREHOLDERS’ EQUITY 62,908 18,475
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $135,695 $61,527