Financial Statements

Becton, Dickinson and Company

Consolidated Balance Sheets
September 30 Thousands of dollars, except per-share amounts and numbers of shares
	2006			2005
Assets
Current Assets
Cash and equivalents	$	1,000,289		$	1,042,890
Short-term investments		106,386			86,808
Trade receivables, net		885,748			842,806
Inventories		875,738			775,949
Prepaid expenses, deferred taxes and other		317,092			226,861
Total Current Assets		3,185,253			2,975,314
Property, Plant and Equipment, Net		2,133,548			1,933,718
Goodwill		565,146			470,049
Core and Developed Technology, Net		244,811			165,381
Other Intangibles, Net		91,501			101,558
Capitalized Software, Net		189,355			229,793
Other		414,911			256,980
Total Assets	$	6,824,525		$	6,132,793
Liabilities
Current Liabilities
Short-term debt	$	427,218		$	206,509
Accounts payable		243,602			252,262
Accrued expenses		490,425			439,894
Salaries, wages and related items		380,478			329,864
Income taxes		34,606			70,846
Total Current Liabilities		1,576,329			1,299,375
Long-Term Debt		956,971			1,060,833
Long-Term Employee Benefit Obligations		270,495			340,938
Deferred Income Taxes and Other		184,526			147,695
Commitments and Contingencies		—			—
Shareholders’ Equity
Common stock-$1 par value: authorized-640,000,000 shares;    issued-332,662,160 shares in 2006 and 2005		332,662			332,662
Capital in excess of par value		873,535			615,846
Retained earnings		5,345,697			4,805,852
Deferred compensation		11,134			10,280
Common stock in treasury-at cost-87,194,060 shares in    2006 and 84,977,933 shares in 2005		(2,698,016	)		(2,297,493	)
Accumulated other comprehensive loss		(28,808	)		(183,195	)
Total Shareholders’ Equity		3,836,204			3,283,952
Total Liabilities and Shareholders’ Equity	$	6,824,525		$	6,132,793

See notes to consolidated financial statements