Macy's 2009 Annual Report Download - page 98

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
MACY’S, INC.
Condensed Consolidating Balance Sheet
As of January 30, 2010
(millions)
Parent
Subsidiary
Issuer
Other
Subsidiaries
Consolidating
Adjustments Consolidated
ASSETS:
Current Assets:
Cash and cash equivalents ................ $1,318 $ 60 $ 308 $ – $ 1,686
Receivables ........................... – 82 276 – 358
Merchandise inventories ................. – 2,536 2,079 – 4,615
Supplies and prepaid expenses ............ – 98 125 – 223
Income taxes .......................... 7 – – (7) –
Deferred income tax assets ............... – – 54 (54) –
Total Current Assets ................ 1,325 2,776 2,842 (61) 6,882
Property and Equipment – net ................. – 5,383 4,124 – 9,507
Goodwill ................................. – 3,315 428 – 3,743
Other Intangible Assets – net .................. – 217 461 – 678
Other Assets ............................... 4 123 363 – 490
Deferred Income Tax Assets .................. 113 – – (113) –
Intercompany Receivable .................... 890 – 2,188 (3,078) –
Investment in Subsidiaries .................... 2,627 2,792 – (5,419) –
Total Assets ....................... $4,959 $14,606 $10,406 $(8,671) $21,300
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current Liabilities:
Short-term debt ........................ $ – $ 239 $ 3 $ – $ 242
Merchandise accounts payable ............ – 637 675 – 1,312
Accounts payable and accrued liabilities ..... 117 1,529 980 – 2,626
Income taxes .......................... – 4 71 (7) 68
Deferred income taxes ................... 93 167 – (54) 206
Total Current Liabilities .............. 210 2,576 1,729 (61) 4,454
Long-Term Debt ........................... – 8,432 24 – 8,456
Intercompany Payable ....................... – 3,078 – (3,078) –
Deferred Income Taxes ...................... – 570 611 (113) 1,068
Other Liabilities ............................ 48 1,161 1,412 – 2,621
Shareholders’ Equity (Deficit) ................. 4,701 (1,211) 6,630 (5,419) 4,701
Total Liabilities and
Shareholders’ Equity .............. $4,959 $14,606 $10,406 $(8,671) $21,300
F-50