Macy's 2014 Annual Report Download - page 92
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
F-45
MACY’S, INC.
Condensed Consolidating Balance Sheet
As of January 31, 2015
(millions)
Parent Subsidiary
Issuer Other
Subsidiaries Consolidating
Adjustments Consolidated
ASSETS:
Current Assets:
Cash and cash equivalents...................... $ 1,908 $ 94 $ 244 $ — $ 2,246
Receivables............................................. — 97 327 — 424
Merchandise inventories ........................ — 2,817 2,699 — 5,516
Prepaid expenses and other current
assets................................................... — 113 380 — 493
Income taxes........................................... 88 — — (88) —
Total Current Assets...................... 1,996 3,121 3,650 (88) 8,679
Property and Equipment – net....................... — 4,315 3,485 — 7,800
Goodwill........................................................ — 3,315 428 — 3,743
Other Intangible Assets – net......................... — 73 423 — 496
Other Assets................................................... 1 74 668 — 743
Deferred Income Taxes.................................. 10 — — (10) —
Intercompany Receivable.............................. — — 4,140 (4,140) —
Investment in Subsidiaries............................. 4,655 3,526 — (8,181) —
Total Assets................................... $ 6,662 $ 14,424 $ 12,794 $ (12,419) $ 21,461
LIABILITIES AND SHAREHOLDERS’
EQUITY:
Current Liabilities:
Short-term debt....................................... $ — $ 75 $ 1 $ — $ 76
Merchandise accounts payable............... — 784 909 — 1,693
Accounts payable and accrued
liabilities ............................................. 42 1,360 1,707 — 3,109
Income taxes........................................... — 22 362 (88) 296
Deferred income taxes............................ — 295 67 — 362
Total Current Liabilities................ 42 2,536 3,046 (88) 5,536
Long-Term Debt............................................ — 7,245 20 — 7,265
Intercompany Payable ................................... 1,215 2,925 — (4,140) —
Deferred Income Taxes.................................. — 414 677 (10) 1,081
Other Liabilities............................................. 27 593 1,581 — 2,201
Shareholders’ Equity...................................... 5,378 711 7,470 (8,181) 5,378
Total Liabilities and
Shareholders’ Equity................. $ 6,662 $ 14,424 $ 12,794 $ (12,419) $ 21,461