Sara Lee 2009 Annual Report Download - page 51

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Sara Lee Corporation and Subsidiaries 49
June 27, 2009 June 28, 2008
Liabilities and Stockholders’ Equity
Notes payable $÷÷«20 $«««««280
Accounts payable 1,054 1,258
Accrued liabilities
Payroll and employee benefits 707 726
Advertising and promotion 396 440
Income taxes payable and current deferred taxes 21 3
Other 593 507
Current maturities of long-term debt 55 568
Liabilities held for sale –17
Total current liabilities 2,846 3,799
Long-term debt 2,745 2,340
Pension obligation 595 405
Deferred income taxes 110 177
Other liabilities 1,063 1,279
Minority interests in subsidiaries 22 19
Common stockholders’ equity
Common stock: (authorized 1,200,000,000 shares; $0.01 par value)
Issued and outstanding – 695,658,110 shares in 2009 and 706,358,624 shares in 2008 77
Capital surplus 17 7
Retained earnings 2,721 2,760
Unearned stock of ESOP (104) (112)
Accumulated other comprehensive income (loss) (605) 149
Total common stockholders’ equity 2,036 2,811
$9,417 $10,830
See accompanying Notes to Consolidated Financial Statements.