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Change in Accounting Method (Tables)
6 Months Ended
Jun. 30, 2012
Change in Accounting Method  
Effect of change on consolidated statement of operations

 

 

 

 

As originally

 

 

 

 

 

 

 

reported under

 

Effect of

 

As

 

 

 

LIFO

 

Change

 

Adjusted

 

Manufacturing, shipping and delivery expense

 

$

(2,990

)

$

10

 

$

(2,980

)

Amounts attributable to the Company:

 

 

 

 

 

 

 

Net earnings from continuing operations

 

144

 

10

 

154

 

Effect of change on consolidated balance sheets

 

 

 

 

As originally

 

 

 

 

 

 

 

reported under

 

Effect of

 

As

 

 

 

LIFO

 

Change

 

Adjusted

 

December 31, 2011

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

Inventories

 

$

1,012

 

$

49

 

$

1,061

 

Share owners’ equity:

 

 

 

 

 

 

 

Retained earnings

 

2,295

 

49

 

2,344

 

 

 

 

 

 

 

 

 

June 30, 2011

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

Inventories

 

$

1,065

 

$

49

 

$

1,114

 

Share owners’ equity:

 

 

 

 

 

 

 

Retained earnings

 

2,785

 

49

 

2,834

 

Effect of change on consolidated share owner's equity

 

 

 

 

As originally

 

 

 

 

 

 

 

reported under

 

Effect of

 

As

 

 

 

LIFO

 

Change

 

Adjusted

 

 

 

 

 

 

 

 

 

Retained earnings

 

$

2,640

 

$

39

 

$

2,679

 

Effect of change on consolidated cash flows

 

 

 

 

As originally

 

 

 

 

 

 

 

reported under

 

Effect of

 

As

 

 

 

LIFO

 

Change

 

Adjusted

 

 

 

 

 

 

 

 

 

Net earnings

 

$

156

 

$

10

 

$

166

 

Change in components of working capital

 

(209

)

(10

)

(219

)