Sara Lee 2008 Annual Report Download - page 43
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Sara Lee Corporation and Subsidiaries 41
June 28, 2008 June 30, 2007
Liabilities and Stockholders’ Equity
Notes payable $«««««280 $«««««««23
Accounts payable 1,258 1,127
Accrued liabilities
Payroll and employee benefits 726 635
Advertising and promotion 440 389
Taxes other than payroll and income 71 60
Income taxes payable and current deferred taxes 16 89
Other 465 590
Current maturities of long-term debt 568 1,427
Liabilities of discontinued operations –48
Liabilities held for sale 17 –
Total current liabilities 3,841 4,388
Long-term debt 2,340 2,770
Pension obligation 405 662
Deferred income taxes 177 128
Other liabilities 1,237 1,157
Liabilities of discontinued operations –93
Minority interests in subsidiaries 19 14
Common stockholders’ equity
Common stock: (authorized 1,200,000,000 shares; $0.01 par value)
Issued and outstanding – 706,358,624 shares in 2008 and 724,432,686 shares in 2007 77
Capital surplus 7–
Retained earnings 2,760 3,413
Unearned stock of ESOP (112) (123)
Accumulated other comprehensive income (loss) 149 (754)
Total common stockholders’ equity 2,811 2,543
$10,830 $11,755
See accompanying Notes to Consolidated Financial Statements