Macy's 2011 Annual Report Download - page 86
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
F-46
MACY’S, INC.
Condensed Consolidating Balance Sheet
As of January 29, 2011
(millions)
Parent Subsidiary
Issuer Other
Subsidiaries Consolidating
Adjustments Consolidated
ASSETS:
Current Assets:
Cash and cash equivalents............................. $ 1,174 $ 41 $ 249 $ — $ 1,464
Receivables.................................................... — 89 249 — 338
Merchandise inventories................................ — 2,589 2,169 — 4,758
Prepaid expenses and other current assets..... — 98 241 — 339
Total Current Assets............................. 1,174 2,817 2,908 — 6,899
Property and Equipment – net .............................. — 5,013 3,800 — 8,813
Goodwill ............................................................... — 3,315 428 — 3,743
Other Intangible Assets – net................................ — 184 453 — 637
Other Assets.......................................................... 4 133 402 — 539
Deferred Income Tax Assets................................. 19 — — (19) —
Intercompany Receivable ..................................... 1,651 — 2,737 (4,388) —
Investment in Subsidiaries.................................... 2,908 2,598 — (5,506) —
Total Assets.......................................... $ 5,756 $ 14,060 $ 10,728 $ (9,913) $ 20,631
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current Liabilities:
Short-term debt.............................................. $ — $ 451 $ 3 $ — $ 454
Merchandise accounts payable...................... — 680 741 — 1,421
Accounts payable and accrued liabilities ...... 144 1,031 1,350 — 2,525
Income taxes.................................................. 29 18 135 — 182
Deferred income taxes................................... — 299 110 — 409
Total Current Liabilities....................... 173 2,479 2,339 — 4,991
Long-Term Debt................................................... — 6,942 29 — 6,971
Intercompany Payable .......................................... — 4,388 — (4,388) —
Deferred Income Taxes......................................... — 387 832 (19) 1,200
Other Liabilities.................................................... 53 786 1,100 — 1,939
Shareholders’ Equity (Deficit).............................. 5,530 (922) 6,428 (5,506) 5,530
Total Liabilities and
Shareholders’ Equity........................ $ 5,756 $ 14,060 $ 10,728 $ (9,913) $ 20,631