Sears 2010 Annual Report Download - page 95

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
Condensed Consolidating Balance Sheet
January 30, 2010
millions Parent
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Current assets
Cash and cash equivalents ........... $ — $ 370 $ 1,319 $ — $ 1,689
Intercompany receivables ............ — — 24,613 (24,613) —
Accounts receivable ................ — 827 207 (382) 652
Merchandise inventories ............. — 7,779 926 — 8,705
Prepaid expenses and other current
assets .......................... 1 482 490 (581) 392
Total current assets ................. 1 9,458 27,555 (25,576) 11,438
Total property and equipment, net ....... — 6,107 1,602 — 7,709
Goodwill and intangible assets .......... — 1,820 2,780 — 4,600
Other assets ......................... — 1,824 2,335 (3,098) 1,061
Investment in subsidiaries ............. 21,235 25,545 — (46,780) —
TOTAL ASSETS ................ $ 21,236 $ 44,754 $ 34,272 $ (75,454) $ 24,808
Current liabilities
Short-term borrowings .............. $ — $ 325 $ — $ — $ 325
Current portion of long-term debt and
capitalized lease obligations ........ — 60 422 — 482
Merchandise payables .............. — 2,841 494 — 3,335
Intercompany payables .............. 12,118 12,495 — (24,613) —
Other current liabilities .............. 22 2,261 3,324 (963) 4,644
Total current liabilities .............. 12,140 17,982 4,240 (25,576) 8,786
Long-term debt and capitalized lease
obligations ....................... — 3,110 399 (1,811) 1,698
Pension and postretirement benefits ...... — 2,059 212 — 2,271
Other long-term liabilities ............. — 2,144 1,761 (1,287) 2,618
Total Liabilities ................... 12,140 25,295 6,612 (28,674) 15,373
EQUITY
Shareholder’s equity .................. 9,096 19,459 27,660 (47,119) 9,096
Noncontrolling interest ................ — — — 339 339
Total Equity ...................... 9,096 19,459 27,660 (46,780) 9,435
TOTAL LIABILITIES AND
EQUITY ....................... $ 21,236 $ 44,754 $ 34,272 $ (75,454) $ 24,808
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