Sara Lee 2011 Annual Report Download - page 83

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July 2, 2011 July 3, 2010
Liabilities and Equity
Notes payable $«««238 $«««««47
Accounts payable 954 896
Accrued liabilities
Payroll and employee benefits 356 352
Advertising and promotion 289 339
Income taxes payable and current deferred taxes 469 8
Other accrued liabilities 1,036 480
Current maturities of long-term debt 473 2
Liabilities held for sale 307 460
Total current liabilities 4,122 2,584
Long-term debt 1,936 2,627
Pension obligation 218 449
Deferred income taxes 184 492
Other liabilities 826 757
Noncurrent liabilities held for sale 273 412
Equity
Sara Lee common stockholders’ equity:
Common stock: (authorized 1,200,000,000 shares; $0.01 par value)
Issued and outstanding – 587,099,794 shares in 2011 and 662,118,377 shares in 2010 67
Capital surplus 39 17
Retained earnings 2,233 2,472
Unearned stock of ESOP (77) (97)
Accumulated other comprehensive income (loss) (256) (912)
Total Sara Lee common stockholders’ equity 1,945 1,487
Noncontrolling interest 29 28
Total equity 1,974 1,515
$9,533 $8,836
The accompanying Notes to Financial Statements are an integral part of these statements.
80/81 Sara Lee Corporation and Subsidiaries