Kraft 2014 Annual Report Download - page 41
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Kraft Foods Group, Inc.
Consolidated Balance Sheets
(in millions of U.S. dollars)
See accompanying notes to the consolidated financial statements.
36
December 27,
2014 December 28,
2013
ASSETS
Cash and cash equivalents $ 1,293 $1,686
Receivables (net of allowances of $21 in 2014 and $26 in 2013) 1,080 1,048
Inventories 1,775 1,616
Deferred income taxes 384 360
Other current assets 259 198
Total current assets 4,791 4,908
Property, plant and equipment, net 4,192 4,115
Goodwill 11,404 11,505
Intangible assets, net 2,234 2,229
Other assets 326 391
TOTAL ASSETS $ 22,947 $ 23,148
LIABILITIES
Current portion of long-term debt $ 1,405 $4
Accounts payable 1,537 1,548
Accrued marketing 511 685
Accrued employment costs 163 184
Dividends payable 324 313
Accrued postretirement health care costs 192 197
Other current liabilities 641 479
Total current liabilities 4,773 3,410
Long-term debt 8,627 9,976
Deferred income taxes 340 662
Accrued pension costs 1,105 405
Accrued postretirement health care costs 3,399 3,080
Other liabilities 338 428
TOTAL LIABILITIES 18,582 17,961
Commitments and Contingencies (Note 11)
EQUITY
Common stock, no par value (5,000,000,000 shares authorized; 601,402,816 shares issued
at December 27, 2014 and 596,843,449 at December 28, 2013) — —
Additional paid-in capital 4,678 4,434
Retained earnings 1,045 1,281
Accumulated other comprehensive losses (562 ) (499 )
Treasury stock, at cost (796 ) (29)
TOTAL EQUITY 4,365 5,187
TOTAL LIABILITIES AND EQUITY $ 22,947 $ 23,148