Macy's 2012 Annual Report Download - page 91
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
F-44
MACY’S, INC.
Condensed Consolidating Balance Sheet
As of February 2, 2013
(millions)
Parent Subsidiary
Issuer Other
Subsidiaries Consolidating
Adjustments Consolidated
ASSETS:
Current Assets:
Cash and cash equivalents............................. $ 1,538 $ 41 $ 257 $ — $ 1,836
Receivables.................................................... — 58 313 — 371
Merchandise inventories................................ — 2,804 2,504 — 5,308
Prepaid expenses and other current assets..... — 97 264 — 361
Income taxes.................................................. 30 — — (30) —
Total Current Assets............................. 1,568 3,000 3,338 (30) 7,876
Property and Equipment – net .............................. — 4,649 3,547 — 8,196
Goodwill ............................................................... — 3,315 428 — 3,743
Other Intangible Assets – net................................ — 124 437 — 561
Other Assets.......................................................... 3 71 541 — 615
Intercompany Receivable ..................................... 641 — 3,190 (3,831) —
Investment in Subsidiaries.................................... 4,027 2,595 — (6,622) —
Total Assets.......................................... $ 6,239 $ 13,754 $ 11,481 $ (10,483) $ 20,991
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current Liabilities:
Short-term debt.............................................. $ — $ 121 $ 3 $ — $ 124
Merchandise accounts payable...................... — 733 846 — 1,579
Accounts payable and accrued liabilities ...... 119 1,023 1,468 — 2,610
Income taxes.................................................. — 69 316 (30) 355
Deferred income taxes................................... — 323 84 — 407
Total Current Liabilities....................... 119 2,269 2,717 (30) 5,075
Long-Term Debt................................................... — 6,783 23 — 6,806
Intercompany Payable .......................................... — 3,831 — (3,831) —
Deferred Income Taxes......................................... 11 410 817 — 1,238
Other Liabilities.................................................... 58 596 1,167 — 1,821
Shareholders’ Equity (Deficit).............................. 6,051 (135) 6,757 (6,622) 6,051
Total Liabilities and
Shareholders’ Equity........................ $ 6,239 $ 13,754 $ 11,481 $ (10,483) $ 20,991