Sara Lee 2008 Annual Report Download - page 42

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40 Sara Lee Corporation and Subsidiaries
Dollars in millions except share data June 28, 2008 June 30, 2007
Assets
Cash and equivalents $««1,284 $««2,517
Trade accounts receivable, less allowances of $91 in 2008 and $82 in 2007 1,491 1,277
Inventories
Finished goods 775 712
Work in process 43 34
Materials and supplies 402 294
1,220 1,040
Current deferred income taxes 111 33
Other current assets 361 277
Assets of discontinued operations –64
Total current assets 4,467 5,208
Other non-current assets 233 194
Property
Land 122 107
Buildings and improvements 1,506 1,402
Machinery and equipment 3,631 3,498
Construction in progress 185 223
5,444 5,230
Accumulated depreciation 2,925 2,837
Property, net 2,519 2,393
Trademarks and other identifiable intangibles, net 1,021 1,002
Goodwill 2,223 2,698
Deferred income taxes 295 137
Assets held for sale 72 2
Assets of discontinued operations – 121
$10,830 $11,755
The accompanying Notes to Financial Statements are an integral part of these balance sheets.
Consolidated Balance Sheets