UPS 2014 Annual Report Download - page 74
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62
UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions)
December 31,
2014 2013
ASSETS
Current Assets:
Cash and cash equivalents $ 2,291 $ 4,665
Marketable securities 992 580
Accounts receivable, net 6,661 6,502
Deferred income tax assets 590 684
Other current assets 1,274 956
Total Current Assets 11,808 13,387
Property, Plant and Equipment, Net 18,281 17,961
Goodwill 2,184 2,190
Intangible Assets, Net 847 775
Investments and Restricted Cash 489 444
Derivative Assets 515 323
Deferred Income Tax Assets 652 110
Other Non-Current Assets 695 1,022
Total Assets $ 35,471 $ 36,212
LIABILITIES AND SHAREOWNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt and commercial paper $ 923 $ 48
Accounts payable 2,754 2,478
Accrued wages and withholdings 2,373 2,325
Self-insurance reserves 656 719
Other current liabilities 1,933 1,561
Total Current Liabilities 8,639 7,131
Long-Term Debt 9,864 10,824
Pension and Postretirement Benefit Obligations 11,452 7,051
Deferred Income Tax Liabilities 83 1,244
Self-Insurance Reserves 1,916 2,059
Other Non-Current Liabilities 1,359 1,415
Shareowners’ Equity:
Class A common stock (201 and 212 shares issued in 2014 and 2013) 2 2
Class B common stock (705 and 712 shares issued in 2014 and 2013) 7 7
Additional paid-in capital ——
Retained earnings 5,726 6,925
Accumulated other comprehensive loss (3,594)(460)
Deferred compensation obligations 59 69
Less: Treasury stock (1 share in 2014 and 2013) (59)(69)
Total Equity for Controlling Interests 2,141 6,474
Noncontrolling Interests 17 14
Total Shareowners’ Equity 2,158 6,488
Total Liabilities and Shareowners’ Equity $ 35,471 $ 36,212
See notes to consolidated financial statements.