Macy's 2015 Annual Report Download - page 97
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
F-48
MACY’S, INC.
Condensed Consolidating Balance Sheet
As of January 30, 2016
(millions)
Parent
Subsidiary
Issuer
Other
Subsidiaries
Consolidating
Adjustments Consolidated
ASSETS:
Current Assets:
Cash and cash equivalents...................... $ 741 $ 91 $ 277 $ — $ 1,109
Receivables............................................. — 217 341 — 558
Merchandise inventories ........................ — 2,702 2,804 — 5,506
Prepaid expenses and other current
assets ................................................... — 135 344 — 479
Income taxes........................................... 44 — — (44) —
Total Current Assets...................... 785 3,145 3,766 (44) 7,652
Property and Equipment – net ....................... — 3,925 3,691 — 7,616
Goodwill ........................................................ — 3,315 582 — 3,897
Other Intangible Assets – net......................... — 52 462 — 514
Other Assets................................................... — 154 743 — 897
Deferred Income Taxes.................................. 14 — — (14) —
Intercompany Receivable .............................. — — 3,800 (3,800) —
Investment in Subsidiaries............................. 4,725 3,804 — (8,529) —
Total Assets................................... $ 5,524 $ 14,395 $ 13,044 $ (12,387) $ 20,576
LIABILITIES AND SHAREHOLDERS’
EQUITY:
Current Liabilities:
Short-term debt....................................... $ — $ 641 $ 1 $ — $ 642
Merchandise accounts payable............... — 667 859 — 1,526
Accounts payable and accrued
liabilities ............................................. 35 1,439 1,859 — 3,333
Income taxes........................................... — 41 230 (44) 227
Total Current Liabilities................ 35 2,788 2,949 (44) 5,728
Long-Term Debt............................................ — 6,976 19 — 6,995
Intercompany Payable ................................... 1,218 2,582 — (3,800) —
Deferred Income Taxes.................................. — 693 798 (14) 1,477
Other Liabilities............................................. 21 558 1,544 — 2,123
Shareholders’ Equity:
Macy's, Inc. ............................................ 4,250 798 7,731 (8,529) 4,250
Noncontrolling Interest .......................... — — 3 — 3
Total Shareholders’ Equity............ 4,250 798 7,734 (8,529) 4,253
Total Liabilities and
Shareholders’ Equity................. $ 5,524 $ 14,395 $ 13,044 $ (12,387) $ 20,576