Macy's 2014 Annual Report Download - page 95
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
F-48
MACY’S, INC.
Condensed Consolidating Balance Sheet
As of February 1, 2014
(millions)
Parent Subsidiary
Issuer Other
Subsidiaries Consolidating
Adjustments Consolidated
ASSETS:
Current Assets:
Cash and cash equivalents...................... $ 1,955 $ 84 $ 234 $ — $ 2,273
Receivables............................................. — 102 336 — 438
Merchandise inventories ........................ — 2,896 2,661 — 5,557
Prepaid expenses and other current
assets................................................... — 103 317 — 420
Income taxes........................................... 80 — — (80) —
Total Current Assets...................... 2,035 3,185 3,548 (80) 8,688
Property and Equipment – net....................... — 4,590 3,340 — 7,930
Goodwill........................................................ — 3,315 428 — 3,743
Other Intangible Assets – net......................... — 97 430 — 527
Other Assets................................................... 4 87 641 — 732
Deferred Income Taxes.................................. 19 — — (19) —
Intercompany Receivable.............................. — — 3,561 (3,561) —
Investment in Subsidiaries............................. 4,625 3,157 — (7,782) —
Total Assets................................... $ 6,683 $ 14,431 $ 11,948 $ (11,442) $ 21,620
LIABILITIES AND SHAREHOLDERS’
EQUITY:
Current Liabilities:
Short-term debt....................................... $ — $ 461 $ 2 $ — $ 463
Merchandise accounts payable............... — 760 931 — 1,691
Accounts payable and accrued
liabilities ............................................. 10 1,265 1,535 — 2,810
Income taxes........................................... — 80 362 (80) 362
Deferred income taxes............................ — 315 85 — 400
Total Current Liabilities................ 10 2,881 2,915 (80) 5,726
Long-Term Debt............................................ — 6,694 20 — 6,714
Intercompany Payable ................................... 362 3,199 — (3,561) —
Deferred Income Taxes.................................. — 544 748 (19) 1,273
Other Liabilities............................................. 62 522 1,074 — 1,658
Shareholders’ Equity...................................... 6,249 591 7,191 (7,782) 6,249
Total Liabilities and
Shareholders’ Equity................. $ 6,683 $ 14,431 $ 11,948 $ (11,442) $ 21,620