Kraft 2012 Annual Report Download - page 49

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Kraft Foods Group, Inc.
Consolidated Balance Sheets
(in millions of dollars, except share data)
December 29,
2012
December 31,
2011
ASSETS
Cash and cash equivalents $ 1,255 $ -
Receivables (net of allowances of $28 in 2012 and $23 in 2011) 1,089 903
Inventories, net 1,928 1,943
Deferred income taxes 420 232
Other current assets 131 194
Total current assets 4,823 3,272
Property, plant and equipment, net 4,204 4,278
Goodwill 11,346 11,316
Intangible assets, net 2,631 2,630
Other assets 325 43
TOTAL ASSETS $ 23,329 $ 21,539
LIABILITIES
Current portion of long-term debt $ 5 $ 8
Accounts payable 1,556 1,447
Accrued marketing 740 575
Accrued employment costs 194 242
Dividends payable 296 -
Accrued postretirement health care costs 236 -
Other current liabilities 579 300
Total current liabilities 3,606 2,572
Long-term debt 9,966 27
Deferred income taxes 288 1,594
Accrued pension costs 1,990 117
Accrued postretirement health care costs 3,502 -
Other liabilities 405 641
TOTAL LIABILITIES 19,757 4,951
Commitments and Contingencies (Note 12)
EQUITY
Common Stock, no par value (592,783,696 shares issued in 2012 and 0 in 2011) - -
Additional paid-in capital 4,240 -
Parent company investment - 16,713
Retained earnings / (deficit) (206) -
Accumulated other comprehensive losses (460) (125)
Treasury stock, at cost (2) -
TOTAL EQUITY 3,572 16,588
TOTAL LIABILITIES AND EQUITY $ 23,329 $ 21,539
See notes to consolidated financial statements.
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