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Spectra Energy 2011 Annual Report

2011 Annual Report

Condensed Consolidated Balance Sheets


    December 31,
(In millions) 2011 2010  
ASSETS      
Current Assets      
   Cash and cash equivalents $      174 $      130  
   Receivables 962 1,018  
   Inventory 393 287  
   Other 235 203  
      Total current assets 1,764 1,638  
       
Investments and Other Assets      
   Investments in and loans to unconsolidated affiliates 2,064 2,033  
   Goodwill 4,420 4,305  
   Other 530 665  
      Total investments and other assets 7,014 7,003  
       
Property, Plant and Equipment, Net 18,258 16,980  
Regulatory Assets and Deferred Debits 1,102 1,065  
      Total Assets $28,138 $26,686  
       
       
LIABILITIES AND EQUITY      
Current Liabilities      
   Accounts payable $      498 $      369  
   Short-term borrowings and commercial paper 1,052 836  
   Current maturities of long-term debt 525 315  
   Other 1,026 1,003  
      Total current liabilities 3,101 2,523  
       
Long-term Debt 10,146 10,169  
       
Deferred Credits and Other Liabilities      
   Deferred income taxes 3,940 3,555  
   Regulatory and other 1,797 1,694  
      Total deferred credits and other liabilities 5,737 5,249  
       
Preferred Stock of Subsidiaries 258 258  
       
Equity      
   Controlling interests 8,065 7,809  
   Noncontrolling interests 831 678  
      Total equity 8,896 8,487  
      Total Liabilities and Equity $28,138 $26,686