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The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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Praxair Inc., Consolidated Statement of Financial Position, Liabilities and Stockholders' Equity
USD $ in millions
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | Dec 31, 2006 | ||
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Accounts payable | |
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Short-term debt | |
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Current portion of long-term debt | |
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Accrued taxes | |
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Accrued expenses | |
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Payrolls | |
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Brazil tax amnesty program and other charges | |
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Pension and postretirement | |
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Interest payable | |
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Employee benefit accrual | |
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Severance | |
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Insurance reserves | |
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Other | |
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Other current liabilities | |
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Current liabilities | |
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Long-term debt, excluding current portion | |
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Pension and postretirement | |
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Brazil tax amnesty program and other charges | |
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Tax liabilities for uncertain tax positions | |
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Interest and penalties for uncertain tax positions | |
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Insurance reserves | |
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Other | |
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Other long-term liabilities | |
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Deferred income taxes | |
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Other | |
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Deferred credits | |
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Long-term liabilities | |
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Total liabilities | |
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Common stock, $0.01 par value | |
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Additional paid-in capital | |
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Retained earnings | |
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Accumulated other comprehensive income (loss) | |
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Treasury stock, at cost | |
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Praxair, Inc. shareholders’ equity | |
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Noncontrolling interests | |
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Total equity | |
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Total liabilities and equity | |
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| Item | Description | The company |
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| Accounts payable | Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). | Praxair Inc.'s accounts payable declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
| Current liabilities | Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. | Praxair Inc.'s current liabilities declined from 2008 to 2009 but then slightly increased from 2009 to 2010. |
| Long-term liabilities | Total obligations incurred as part of normal operations that is expected to be repaid beyond the following twelve months or one business cycle. | Praxair Inc.'s long-term liabilities increased from 2008 to 2009 and from 2009 to 2010. |
| Total liabilities | Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. | Praxair Inc.'s total liabilities declined from 2008 to 2009 but then increased from 2009 to 2010 exceeding 2008 level. |
| Praxair, Inc. shareholders’ equity | Total of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). | Praxair Inc.'s praxair, Inc. shareholders’ equity increased from 2008 to 2009 and from 2009 to 2010. |
| Total equity | Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. | Praxair Inc.'s total equity increased from 2008 to 2009 and from 2009 to 2010. |
February 9, 2012