Sara Lee 2010 Annual Report Download - page 55
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Sara Lee Corporation and Subsidiaries 53
July 3, 2010 June 27, 2009
Liabilities and Stockholders’ Equity
Notes payable $÷÷«47 $÷÷«20
Accounts payable 1,005 1,004
Accrued liabilities
Payroll and employee benefits 601 642
Advertising and promotion 289 287
Income taxes payable and current deferred taxes 822
Other accrued liabilities 504 538
Current maturities of long-term debt 16 46
Liabilities held for sale 253 287
Total current liabilities 2,723 2,846
Long-term debt 2,718 2,738
Pension obligation 530 595
Deferred income taxes 548 106
Other liabilities 792 1,051
Noncurrent liabilities held for sale 10 13
Equity
Sara Lee common stockholders’ equity:
Common stock: (authorized 1,200,000,000 shares; $0.01 par value)
Issued and outstanding – 662,118,377 shares in 2010 and 695,658,110 shares in 2009 77
Capital surplus 17 17
Retained earnings 2,472 2,721
Unearned stock of ESOP (97) (104)
Accumulated other comprehensive income (loss) (912) (605)
Total Sara Lee common stockholders’ equity 1,487 2,036
Noncontrolling interest 28 34
Total equity 1,515 2,070
$8,836 $9,419
The accompanying Notes to Financial Statements are an integral part of these statements.