Macy's 2011 Annual Report Download - page 83
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
F-43
MACY’S, INC.
Condensed Consolidating Balance Sheet
As of January 28, 2012
(millions)
Parent Subsidiary
Issuer Other
Subsidiaries Consolidating
Adjustments Consolidated
ASSETS:
Current Assets:
Cash and cash equivalents............................. $ 2,533 $ 38 $ 256 $ — $ 2,827
Receivables.................................................... — 58 310 — 368
Merchandise inventories................................ — 2,722 2,395 — 5,117
Prepaid expenses and other current assets..... — 152 313 — 465
Total Current Assets............................. 2,533 2,970 3,274 — 8,777
Property and Equipment – net .............................. — 4,827 3,593 — 8,420
Goodwill ............................................................... — 3,315 428 — 3,743
Other Intangible Assets – net................................ — 153 445 — 598
Other Assets.......................................................... 4 73 480 — 557
Intercompany Receivable ..................................... 520 — 2,963 (3,483) —
Investment in Subsidiaries.................................... 3,210 2,435 — (5,645) —
Total Assets.......................................... $ 6,267 $ 13,773 $ 11,183 $ (9,128) $ 22,095
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current Liabilities:
Short-term debt.............................................. $ — $ 1,099 $ 4 $ — $ 1,103
Merchandise accounts payable...................... — 731 862 — 1,593
Accounts payable and accrued liabilities ...... 248 1,103 1,437 — 2,788
Income taxes.................................................. 46 29 296 — 371
Deferred income taxes................................... — 314 94 — 408
Total Current Liabilities....................... 294 3,276 2,693 — 6,263
Long-Term Debt................................................... — 6,630 25 — 6,655
Intercompany Payable .......................................... — 3,483 — (3,483) —
Deferred Income Taxes......................................... 4 351 786 — 1,141
Other Liabilities.................................................... 36 771 1,296 — 2,103
Shareholders’ Equity (Deficit).............................. 5,933 (738) 6,383 (5,645) 5,933
Total Liabilities and
Shareholders’ Equity........................ $ 6,267 $ 13,773 $ 11,183 $ (9,128) $ 22,095