NOTE 15
SUPPLEMENTAL FINANCIAL STATEMENT DATA
SUPPLEMENTAL FINANCIAL STATEMENT DATA
|
Consolidated Statement of Earnings |
||||||||||||
| (millions) | 2007 | 2006 | 2005 | |||||||||
|
Research and development expense
|
$ | 179 | $ | 191 | $ | 181 | ||||||
|
Advertising expense
|
$ | 1,063 | $ | 916 | $ | 858 | ||||||
|
Consolidated Statement of Cash Flows (millions) |
2007 | 2006 | 2005 | |||||||||
|
Trade receivables
|
$ | (63 | ) | $ | (58 | ) | $ | (86 | ) | |||
|
Other receivables
|
4 | (21 | ) | (26 | ) | |||||||
|
Inventories
|
(88 | ) | (107 | ) | (25 | ) | ||||||
|
Other current assets
|
(6 | ) | (11 | ) | (15 | ) | ||||||
|
Accounts payable
|
167 | 27 | 156 | |||||||||
|
Accrued income taxes
|
(67 | ) | 66 | 75 | ||||||||
|
Accrued interest expense
|
(1 | ) | 4 | (6 | ) | |||||||
|
Other current liabilities
|
64 | 61 | (45 | ) | ||||||||
|
Changes in operating assets and liabilities
|
$ | 10 | $ | (39 | ) | $ | 28 | |||||
|
Consolidated Balance Sheet |
||||||||
| (millions) | 2007 | 2006 | ||||||
|
Trade receivables
|
$ | 908 | $ | 840 | ||||
|
Allowance for doubtful accounts
|
(5 | ) | (6 | ) | ||||
|
Other receivables
|
123 | 111 | ||||||
|
Accounts receivable, net
|
$ | 1,026 | $ | 945 | ||||
|
Raw materials and supplies
|
$ | 234 | $ | 201 | ||||
|
Finished goods and materials in process
|
690 | 623 | ||||||
|
Inventories
|
$ | 924 | $ | 824 | ||||
|
Deferred income taxes
|
$ | 103 | $ | 116 | ||||
|
Other prepaid assets
|
140 | 131 | ||||||
|
Other current assets
|
$ | 243 | $ | 247 | ||||
|
Land
|
$ | 86 | $ | 78 | ||||
|
Buildings
|
1,614 | 1,521 | ||||||
|
Machinery and equipment (a)
|
5,249 | 4,992 | ||||||
|
Construction in progress
|
354 | 327 | ||||||
|
Accumulated depreciation
|
(4,313 | ) | (4,102 | ) | ||||
|
Property, net
|
$ | 2,990 | $ | 2,816 | ||||
|
Other intangibles
|
$ | 1,491 | $ | 1,469 | ||||
|
Accumulated amortization
|
(41 | ) | (49 | ) | ||||
|
Other intangibles, net
|
$ | 1,450 | $ | 1,420 | ||||
|
Pension
|
$ | 481 | $ | 353 | ||||
|
Other
|
244 | 250 | ||||||
|
Other assets
|
$ | 725 | $ | 603 | ||||
|
Accrued income taxes
|
$ | — | $ | 152 | ||||
|
Accrued salaries and wages
|
316 | 311 | ||||||
|
Accrued advertising and promotion
|
378 | 338 | ||||||
|
Other
|
314 | 318 | ||||||
|
Other current liabilities
|
$ | 1,008 | $ | 1,119 | ||||
|
Nonpension postretirement benefits
|
$ | 319 | $ | 442 | ||||
|
Deferred income taxes
|
647 | 619 | ||||||
|
Other
|
591 | 511 | ||||||
|
Other liabilities
|
$ | 1,557 | $ | 1,572 | ||||
| (a) | Includes an insignificant amount of capitalized internal-use software. |
|
Allowance for doubtful accounts |
||||||||||||
| (millions) | 2007 | 2006 | 2005 | |||||||||
|
Balance at beginning of year
|
$ | 6 | $ | 7 | $ | 13 | ||||||
|
Additions charged to expense
|
1 | 2 | — | |||||||||
|
Doubtful accounts charged to reserve
|
(2 | ) | (3 | ) | (7 | ) | ||||||
|
Currency translation adjustments
|
— | — | 1 | |||||||||
|
Balance at end of year
|
$ | 5 | $ | 6 | $ | 7 | ||||||
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