Consolidated Balance Sheet  Consolidated Edison, Inc. Capitalization and Liabilities At December 31, (Millions of Dollars) 2003 2002 Capitalization Common shareholders’ equity (See Statement of Common Shar eholders’ Equity) $06,423 $05,921 Preferred stock (See Statement of Capitalization) 213 213 Long-term debt (See Statement of Capitalization) 6,733 6,166 To tal Capitalization 13,369 12,300 Minority Interests 42 9 Noncurrent Liabilities Obligations under capital leases (Note K) 36 38 Provision for injuries and damages (Note G) 194 197 Pensions and retiree benefits 205 206 Superfund and other environmental costs (Note G) 193 143 Independent power producer buyout 31 32 Other noncurrent liabilities 48 43 To tal Noncurrent Liabilities 707 659 Current Liabilities Long-term debt due within one year  166 473 Notes payable 159 162 Accounts payable 905 925 Customer deposits 228 221 Accrued taxes 69 100 Accrued interest 102 94 System benefits charge 17 27 Accrued wages 79 82 Other current liabilities 186 191 To tal Current Liabilities 1,911 2,275 Deferred Credits and Regulatory Liabilities Deferred income taxes (Note M) 3,067 2,676 Deferred investment tax credits (Note A) 105 112 Regulatory liabilities (Note B) 1,759 1,632 Other deferred credits 6 4 To tal Deferred Credits and Regulatory Liabilities 4,937 4,424 To tal Capitalization and Liabilities $20,966 $19,667 The accompanying notes are an integral part of these financial statements. Con Edison Annual Report 2003 49