Common stock, par value per share

                                             Consolidated Balance SheetsEMERSON ELECTRIC CO. & SUBSIDIARIES  
September 30 (Dollars and shares in millions, except per share amounts)

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|   | 2020  |  |  | 2021  |  |
| ASSETS |   |  |   |
| Current assets |   |  |   |
|      Cash and equivalents | $ | 3,315  |  |  | 2,354  |  |
|      Receivables, less allowances of $138 in 2020 and $116 in 2021 | 2,802  |  |  | 2,971  |  |
|      Inventories | 1,928  |  |  | 2,050  |  |
|      Other current assets | 761  |  |  | 1,057  |  |
|  |  |  |  |
|           Total current assets | 8,806  |  |  | 8,432  |  |
|  |  |  |  |
| Property, plant and equipment, net | 3,688  |  |  | 3,738  |  |
|  |  |  |  |
| Other assets |   |  |  |
|      Goodwill | 6,734  |  |  | 7,723  |  |
|      Other intangible assets | 2,468  |  |  | 2,877  |  |
|      Other | 1,186  |  |  | 1,945  |  |
|  |  |  |  |
|           Total other assets | 10,388  |  |  | 12,545  |  |
| Total assets | $ | 22,882  |  |  | 24,715  |  |
|  |  |  |  |
| LIABILITIES AND EQUITY |   |  |   |
| Current liabilities |   |  |   |
|      Short-term borrowings and current maturities of long-term debt | $ | 1,160  |  |  | 872  |  |
|      Accounts payable | 1,715  |  |  | 2,108  |  |
|      Accrued expenses | 2,910  |  |  | 3,266  |  |
|  |  |  |  |
|  |  |  |  |
|           Total current liabilities | 5,785  |  |  | 6,246  |  |
|  |  |  |  |
| Long-term debt | 6,326  |  |  | 5,793  |  |
|  |  |  |  |
| Other liabilities | 2,324  |  |  | 2,753  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
| Equity |   |  |   |
|  |  |  |  |
|      Common stock, $0.50 par value; authorized, 1,200.0 shares; issued, 953.4 shares; outstanding, 598.0 shares in 2020; 595.8 shares in 2021 | 477  |  |  | 477  |  |
|      Additional paid-in-capital | 470  |  |  | 522  |  |
|      Retained earnings | 24,955  |  |  | 26,047  |  |
|      Accumulated other comprehensive income (loss) | (1,577) |  |  | (872) |  |
|  | 24,325  |  |  | 26,174  |  |
|      Less: Cost of common stock in treasury, 355.4 shares in 2020; 357.6 shares in 2021 | 15,920  |  |  | 16,291  |  |
| Common stockholders’ equity | 8,405  |  |  | 9,883  |  |
|      Noncontrolling interests in subsidiaries | 42  |  |  | 40  |  |
| Total equity | 8,447  |  |  | 9,923  |  |
| Total liabilities and equity | $ | 22,882  |  |  | 24,715  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
| See accompanying Notes to Consolidated Financial Statements. |  |  |  |

32  

