Consolidated Balance Sheet

December 31 (millions of dollars) 2011 2010
ASSETS    
Current Assets    
Cash and cash equivalents 765 764
Accounts receivable 1,265 1,271
Inventories 416 425
Other 1,194 870
  3,640 3,330
Plant, Property and Equipment (Note 5) 38,262 36,244
Goodwill (Note 6) 3,650 3,570
Regulatory Assets (Note 7) 1,405 1,512
Intangibles and Other Assets (Note 9) 2,038 2,138
  48,995 46,794
     
LIABILITIES    
Current Liabilities    
Notes payable (Note 10) 1,880 2,092
Accounts payable 2,659 2,272
Accrued interest 373 367
Current portion of long-term debt (Note 13) 935 894
Current portion of long-term debt of joint ventures (Note 14) 33 65
  5,880 5,690
Regulatory Liabilities (Note 7) 303 314
Deferred Amounts (Note 11) 805 694
Future Income Taxes (Note 12) 3,788 3,398
Long-Term Debt (Note 13) 17,632 17,028
Long-Term Debt of Joint Ventures (Note 14) 789 801
Junior Subordinated Notes (Note 15) 1,009 985
  30,206 28,910
     
EQUITY    
Controlling interests 17,324 16,727
Non-controlling interests (Note 16) 1,465 1,157
  18,789 17,884
  48,995 46,794

Commitments, Contingencies and Guarantees (Note 24)

The accompanying notes to the consolidated financial statements are an integral part of these statements.

On behalf of the Board:

Russell K. Girling signature Russell K. Girling
Director

Kevin E. Benson signature Kevin E. Benson
Director