Sears 2015 Annual Report Download - page 109

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€Condensed Consolidating Balance Sheet
January€30, 2016
€
millions Parent
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Current assets
Cash and cash equivalents . . . . . . . . . . $—$200 $38 $—$238
Intercompany receivables . . . . . . . . . . . — — 26,935 (26,935)—
Accounts receivable . . . . . . . . . . . . . . . 7 383 29 — 419
Merchandise inventories. . . . . . . . . . . . — 5,172 — — 5,172
Prepaid expenses and other current
assets . . . . . . . . . . . . . . . . . . . . . . . . . 114 453 257 (608)216
Total current assets . . . . . . . . . . . . . . . . 121 6,208 27,259 (27,543)6,045
Total property and equipment, net . . . . . . . . — 1,829 802 — 2,631
Goodwill and intangible assets . . . . . . . . . . — 269 1,909 — 2,178
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . — 265 1,910 (1,692)483
Investment in subsidiaries . . . . . . . . . . . . . . 10,419 26,616 — (37,035)—
TOTAL ASSETS . . . . . . . . . . . . . . $10,540 $35,187 $31,880 $(66,270) $ 11,337
Current liabilities
Short-term borrowings . . . . . . . . . . . . . $—$797 $—$—$797
Current portion of long-term debt and
capitalized lease obligations . . . . . . . — 70 1 — 71
Merchandise payables. . . . . . . . . . . . . . — 1,574 — — 1,574
Intercompany payables . . . . . . . . . . . . . 11,892 15,043 — (26,935)—
Short-term deferred tax liabilities. . . . . —————
Other current liabilities . . . . . . . . . . . . . 20 2,273 1,311 (608)2,996
Total current liabilities . . . . . . . . . . . . . 11,912 19,757 1,312 (27,543)5,438
Long-term debt and capitalized lease
obligations . . . . . . . . . . . . . . . . . . . . . . . . 685 2,998 1 (1,576)2,108
Pension and postretirement benefits . . . . . . — 2,201 5 — 2,206
Deferred gain on sale-leaseback . . . . . . . . . — 753 — — 753
Sale-leaseback financing obligation . . . . . . — 164 — — 164
Long-term deferred tax liabilities . . . . . . . . 58 — 873 (38)893
Other long-term liabilities . . . . . . . . . . . . . . — 832 1,128 (229)1,731
Total Liabilities. . . . . . . . . . . . . . . . . . . 12,655 26,705 3,319 (29,386)13,293
EQUITY (DEFICIT)
Shareholder's equity (deficit) . . . . . . . . . . . . (2,115)8,482 28,561 (36,891)(1,963)
Noncontrolling interest . . . . . . . . . . . . . . . . — — — 7 7
Total Equity (Deficit) . . . . . . . . . . . . . . (2,115)8,482 28,561 (36,884)(1,956)
TOTAL LIABILITIES AND EQUITY
(DEFICIT). . . . . . . . . . . . . . . . . . . . . $10,540 $35,187 $31,880 $(66,270) $ 11,337
€
SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
109