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2006 Annual Report 31
In millions, except shares and per share amounts Dec. 30, 2006 Dec. 31, 2005
Assets:
Cash and cash equivalents $ 530.7 $ 513.4
Accounts receivable, net 2,377.4 1,839.6
Inventories 7,108.9 5,719.8
Deferred income taxes 274.3 241.1
Other current assets 100.2 78.8
Total current assets 10,391.5 8,392.7
Property and equipment, net 5,333.6 3,952.6
Goodwill 3,195.2 1,789.9
Intangible assets, net 1,318.2 802.2
Deferred income taxes 90.8 122.5
Other assets 240.5 223.5
Total assets $ 20,569.8 $ 15,283.4
Liabilities:
Accounts payable $ 2,863.5 $ 2,467.5
Accrued expenses 1,950.2 1,521.4
Short-term debt 1,842.7 253.4
Current portion of long-term debt 344.3 341.6
Total current liabilities 7,000.7 4,583.9
Long-term debt 2,870.4 1,594.1
Other long-term liabilities 781.1 774.2
Commitments and contingencies (Note 9)
Shareholders’ equity:
Preferred stock, $0.01 par value: authorized 120,619 shares;
no shares issued or outstanding – –
Preference stock, series one ESOP convertible, par value $1.00:
authorized 50,000,000 shares; issued and outstanding
3,990,000 shares at December 30, 2006 and
4,165,000 shares at December 31, 2005 213.3 222.6
Common stock, par value $0.01: authorized 1,000,000,000 shares;
issued 847,266,000 shares at December 30, 2006 and
838,841,000 shares at December 31, 2005 8.5 8.4
Treasury stock, at cost: 21,529,000 shares at December 30, 2006
and 24,533,000 shares at December 31, 2005 (314.5) (356.5)
Guaranteed ESOP obligation (82.1) (114.0)
Capital surplus 2,198.4 1,922.4
Retained earnings 7,966.6 6,738.6
Accumulated other comprehensive loss (72.6) (90.3)
Total shareholders’ equity 9,917.6 8,331.2
Total liabilities and shareholders’ equity $ 20,569.8 $ 15,283.4
See accompanying notes to consolidated financial statements.
CONSOLIDATED BALANCE SHEETS