UPS 2011 Annual Report Download - page 74

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UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions)
December 31,
2011 2010
ASSETS
Current Assets:
Cash and cash equivalents ................................................. $ 3,034 $ 3,370
Marketable securities .................................................... 1,241 711
Accounts receivable, net .................................................. 6,246 5,627
Deferred income tax assets ................................................ 611 659
Other current assets ...................................................... 1,152 1,202
Total Current Assets ................................................. 12,284 11,569
Property, Plant and Equipment, Net ............................................. 17,621 17,387
Goodwill .................................................................. 2,101 2,081
Intangible Assets, Net ........................................................ 585 599
Non-Current Investments and Restricted Cash ..................................... 303 458
Other Non-Current Assets ..................................................... 1,807 1,503
Total Assets ................................................................ $34,701 $33,597
LIABILITIES AND SHAREOWNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt and commercial paper ...................... $ 33 $ 355
Accounts payable ....................................................... 2,300 1,974
Accrued wages and withholdings ........................................... 1,843 1,505
Self-insurance reserves ................................................... 781 725
Other current liabilities ................................................... 1,557 1,343
Total Current Liabilities .............................................. 6,514 5,902
Long-Term Debt ............................................................ 11,095 10,491
Pension and Postretirement Benefit Obligations .................................... 5,505 4,663
Deferred Income Tax Liabilities ................................................ 1,900 1,870
Self-Insurance Reserves ...................................................... 1,806 1,809
Other Non-Current Liabilities .................................................. 773 815
Shareowners’ Equity:
Class A common stock (240 and 258 shares issued in 2011 and 2010) .............. 3 3
Class B common stock (725 and 735 shares issued in 2011 and 2010) .............. 7 7
Additional paid-in capital ................................................. — —
Retained earnings ....................................................... 10,128 10,604
Accumulated other comprehensive loss ...................................... (3,103) (2,635)
Deferred compensation obligations .......................................... 88 103
Less: Treasury stock (2 shares in 2011 and 2010) .............................. (88) (103)
Total Equity for Controlling Interests .................................... 7,035 7,979
Noncontrolling Interests .................................................. 73 68
Total Shareowners’ Equity .................................................... 7,108 8,047
Total Liabilities and Shareowners’ Equity ........................................ $34,701 $33,597
See notes to consolidated financial statements.
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