Kraft 2010 Annual Report Download - page 59

Kraft Foods Inc. and Subsidiaries
Consolidated Balance Sheets, at December 31,
(in millions of dollars)
2010 2009
ASSETS
Cash and cash equivalents $ 2,481 $ 2,101
Receivables (net of allowances of $246 in 2010 and $121 in 2009) 6,539 5,197
Inventories, net 5,310 3,775
Deferred income taxes 898 730
Other current assets 993 651
Total current assets 16,221 12,454
Property, plant and equipment, net 13,792 10,693
Goodwill 37,856 28,764
Intangible assets, net 25,963 13,429
Prepaid pension assets 86 115
Other assets 1,371 1,259
TOTAL ASSETS $ 95,289 $ 66,714
LIABILITIES
Short-term borrowings $ 750 $ 453
Current portion of long-term debt 1,115 513
Accounts payable 5,409 3,766
Accrued marketing 2,515 2,181
Accrued employment costs 1,292 1,175
Other current liabilities 4,579 3,403
Total current liabilities 15,660 11,491
Long-term debt 26,859 18,024
Deferred income taxes 7,984 4,508
Accrued pension costs 2,382 1,765
Accrued postretirement health care costs 3,046 2,816
Other liabilities 3,416 2,138
TOTAL LIABILITIES 59,347 40,742
Contingencies (Note 13)
EQUITY
Common Stock, no par value (1,996,537,778 shares issued in 2010 and 1,735,000,000 shares issued in 2009) - -
Additional paid-in capital 31,231 23,611
Retained earnings 16,619 14,636
Accumulated other comprehensive losses (3,890) (3,955)
Treasury stock, at cost (8,126) (8,416)
Total Kraft Foods Shareholders' Equity 35,834 25,876
Noncontrolling interest 108 96
TOTAL EQUITY 35,942 25,972
TOTAL LIABILITIES AND EQUITY $ 95,289 $ 66,714
See notes to consolidated financial statements.
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