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EMERSON ELECTRIC CO - 10-K - 20041118 - BALANCE_SHEET
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LIABILITIES AND
STOCKHOLDERS’ EQUITY
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2003
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2004
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Current liabilities
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Short-term borrowings and current maturities of long-term debt
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$
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391
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902
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Accounts payable
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1,397
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1,629
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Accrued expenses
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1,513
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1,695
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Income taxes
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116
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113
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Total current liabilities
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3,417
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4,339
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Long-term debt
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3,733
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3,136
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Other liabilities
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1,584
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1,648
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Stockholders’ equity
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Preferred stock of $2.50 par value per share.
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Authorized 5,400,000
shares; issued— none
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–
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–
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Common stock of $.50 par value per share.
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Authorized 1,200,000,000 shares; issued 476,677,006 shares; outstanding
421,154,464 shares in 2003 and
419,428,547 shares in 2004
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238
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238
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Additional paid-in capital
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65
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87
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Retained
earnings
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8,889
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9,471
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Accumulated other comprehensive income
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(386
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(88
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8,806
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9,708
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Less cost of common stock in treasury, 55,522,542 shares in 2003
and 57,248,459 shares in 2004
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2,346
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2,470
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Total stockholders’
equity
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6,460
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7,238
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$
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15,194
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16,361
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