Kraft 2009 Annual Report Download - page 59

Kraft Foods Inc. and Subsidiaries
Consolidated Balance Sheets, at December 31,
(in millions of dollars)
2009 2008
ASSETS
Cash and cash equivalents $ 2,101 $ 1,244
Receivables (net of allowances of $121 in 2009 and $129 in 2008) 5,197 4,704
Inventories, net 3,775 3,881
Deferred income taxes 730 804
Other current assets 651 828
Total current assets 12,454 11,461
Property, plant and equipment, net 10,693 9,917
Goodwill 28,764 27,581
Intangible assets, net 13,429 12,926
Prepaid pension assets 115 56
Other assets 1,259 1,232
TOTAL ASSETS $ 66,714 $ 63,173
LIABILITIES
Short-term borrowings $ 453 $ 897
Current portion of long-term debt 513 765
Accounts payable 3,766 3,373
Accrued marketing 2,181 1,803
Accrued employment costs 1,175 951
Other current liabilities 3,403 3,255
Total current liabilities 11,491 11,044
Long-term debt 18,024 18,589
Deferred income taxes 4,508 4,064
Accrued pension costs 1,765 2,367
Accrued postretirement health care costs 2,816 2,678
Other liabilities 2,138 2,075
TOTAL LIABILITIES 40,742 40,817
Contingencies (Note 13)
EQUITY
Common Stock, no par value (1,735,000,000
shares issued in 2009 and 2008) - -
Additional paid-in capital 23,611 23,563
Retained earnings 14,636 13,440
Accumulated other comprehensive losses (3,955) (5,994)
Treasury stock, at cost (8,416) (8,714)
Total Kraft Foods Shareholders’ Equity 25,876 22,295
Noncontrolling interest 96 61
TOTAL EQUITY 25,972 22,356
TOTAL LIABILITIES AND EQUITY $ 66,714 $ 63,173
See notes to consolidated financial statements.
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Source: KRAFT FOODS INC, 10-K, February 25, 2010 Powered by Morningstar® Document Research℠