Exhibit 99.3
SOLUTIA INC.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(Dollars in millions, except per share amounts)
(Unaudited)
June 30, 2010 | ||||
ASSETS | ||||
Current Assets: | ||||
Cash and cash equivalents | $ | 127 | ||
Trade receivables, net of allowances of $3 | 286 | |||
Miscellaneous receivables | 69 | |||
Inventories | 283 | |||
Prepaid expenses and other assets | 21 | |||
Assets of discontinued operations | -- | |||
Total Current Assets | 786 | |||
Net Property, Plant and Equipment | 864 | |||
Goodwill | 722 | |||
Net Identified Intangible Assets | 928 | |||
Other Assets | 105 | |||
Total Assets | $ | 3,405 | ||
LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||
Current Liabilities: | ||||
Accounts payable | $ | 176 | ||
Accrued liabilities | 256 | |||
Short-term debt, including current portion of long-term debt | 8 | |||
Liabilities of discontinued operations | 3 | |||
Total Current Liabilities | 443 | |||
Long-Term Debt | 1,534 | |||
Postretirement Liabilities | 345 | |||
Environmental Remediation Liabilities | 252 | |||
Deferred Tax Liabilities | 202 | |||
Other Liabilities | 121 | |||
Commitments and Contingencies | ||||
Shareholders’ Equity: | ||||
Common stock at $0.01 par value; (500,000,000 shares authorized, 122,529,368 shares issued) | 1 | |||
Additional contributed capital | 1,621 | |||
Treasury shares, at cost (547,578) | (3 | ) | ||
Accumulated other comprehensive loss | (321 | ) | ||
Accumulated deficit | (798 | ) | ||
Total Shareholders’ Equity attributable to Solutia | 500 | |||
Equity attributable to noncontrolling interest | 8 | |||
Total Shareholders’ Equity | 508 | |||
Total Liabilities and Shareholders’ Equity | $ | 3,405 |
The historical consolidated statement of financial position provided above should be read in conjunction with the consolidated financial statements of Solutia and notes relating thereto included in our Form-10-Q for the quarter ended June 30, 2010 filed with the SEC on July 28, 2010 from which the above was extracted.