Supplemental Financial Statement Data

Balance Sheets



	2012			2011
Accounts receivable
Customer accounts receivable	$	523		$	530
Allowances	(10		)	(11		)
Subtotal	513			519
Other	40			41
	$	553		$	560

Inventories
Raw materials, containers and supplies	277			261
Finished products	437			506
	714			767

Other current assets
Deferred taxes	$	104		$	112
Fair value of derivatives	35			1
Other	30			39
	$	169		$	152

Plant assets
Land	$	62		$	64
Buildings	1,260			1,224
Machinery and equipment	3,963			3,896
Projects in progress	198			179
Total cost	5,483			5,363
Accumulated depreciation (1)	(3,356		)	(3,260		)
	$	2,127		$	2,103

Other assets
Fair value of derivatives	$	10		$	20
Deferred taxes	49			47
Other	64			69
	$	123		$	136



	2012		2011
Accrued liabilities
Accrued compensation and benefits	$	267	$	262
Fair value of derivatives	29		37
Accrued trade and consumer promotion programs	140		132
Accrued interest	31		32
Restructuring	16		39
Other	115		117
	$	598	$	619

Other liabilities
Pension benefits	$	618	$	319
Deferred compensation(2)	96		144
Postretirement benefits	386		344
Fair value of derivatives	54		90
Unrecognized tax benefits	50		51
Other	56		35
	$	1,260	$	983

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(1)	Depreciation expense was $258 in 2012, $265 in 2011, and $251 in 2010. Buildings are depreciated over periods ranging from 7 to 45 years. Machinery and equipment are depreciated over periods generally ranging from 2 to 20 years.

(2)

The deferred compensation obligation represents unfunded plans maintained for the purpose of providing the company's directors and certain of its executives the opportunity to defer a portion of their compensation. All forms of compensation contributed to the deferred compensation plans are accounted for in accordance with the underlying program. Deferrals and company contributions are credited to an investment account in the participant's name, although no funds are actually contributed to the investment account and no investments are actually purchased. Seven investment choices are available, including: (1) a book account that tracks the total return on company stock; (2) a book account that tracks the performance of the Vanguard Institutional Index; (3) a book account that tracks the performance of the Vanguard Extended Market Index; (4) a book account that tracks the performance of the Vanguard Total International Stock Index; (5) a book account that tracks the performance of the Vanguard Total Bond Market Index; (6) a book account that tracks the performance of the Vanguard Short-Term Bond Index; and (7) a book account that tracks the BlackRock Liquidity Temp Fund. Participants can reallocate investments daily and are entitled to the gains and losses on investment funds. The company recognizes an amount in the Consolidated Statements of Earnings for the market appreciation/depreciation of each fund.

Statements of Earnings



	2012			2011		2010
Other Expenses/(Income)
Foreign exchange (gains)/losses	$	(3	)	$	5	$	1
Amortization/impairment of intangible and other assets(1)	5			3		—
Acquisition related costs	5			—		—
Other	7			5		3
	$	14		$	13	$	4

Advertising and consumer promotion expense(2)	$	506		$	492	$	515

Interest expense
Interest expense	$	116		$	123	$	116
Less: Interest capitalized	2			1		4
	$	114		$	122	$	112

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(1)	A $3 impairment charge was recognized related to European trademarks in both 2012 and 2011. See also Note 4.

(2) Included in Marketing and selling expenses.

Statements of Cash Flows



	2012			2011			2010
Cash Flows from Operating Activities
Other non-cash charges to net earnings
Non-cash compensation/benefit related expense	$	106		$	104		$	90
Other	12			4			9
	$	118		$	108		$	99

Other
Benefit related payments	$	(84	)	$	(48	)	$	(58	)
Other	(2		)	(7		)	(12		)
	$	(86	)	$	(55	)	$	(70	)

Other Cash Flow Information
Interest paid	$	115		$	142		$	118
Interest received	$	8		$	11		$	6
Income taxes paid	$	300		$	304		$	333