E-Z-GO 2014 Annual Report Download - page 49

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Consolidated Balance Sheets
(In millions, except share data)
January 3,
2015
December 28,
2013
Assets
Manufacturing group
Cash and equivalents
$ 731
$ 1,163
Accounts receivable, net
1,035
979
Inventories
3,928
2,963
Other current assets
579
467
Total current assets
6,273
5,572
Property, plant and equipment, net
2,497
2,215
Goodwill
2,027
1,735
Other assets
2,279
1,697
Total Manufacturing group assets
13,076
11,219
Finance group
Cash and equivalents
91
48
Finance receivables, net
1,238
1,493
Other assets
200
184
Total Finance group assets
1,529
1,725
Total assets
$ 14,605
$ 12,944
Liabilities and shareholders’ equity
Liabilities
Manufacturing group
Current portion of long-term debt
$ 8
$ 8
Accounts payable
1,014
1,107
Accrued liabilities
2,616
1,888
Total current liabilities
3,638
3,003
Other liabilities
2,587
2,118
Long-term debt
2,803
1,923
Total Manufacturing group liabilities
9,028
7,044
Finance group
Other liabilities
242
260
Debt
1,063
1,256
Total Finance group liabilities
1,305
1,516
Total liabilities
10,333
8,560
Shareholders’ equity
Common stock (285.5 million and 282.1 million shares issued, respectively,
and 276.6 million and 282.1 million shares outstanding, respectively)
36
35
Capital surplus
1,459
1,331
Treasury stock
(340)
—
Retained earnings
4,623
4,045
Accumulated other comprehensive loss
(1,506)
(1,027)
Total shareholders’ equity
4,272
4,384
Total liabilities and shareholders’ equity
$ 14,605
$ 12,944
See Notes to the Consolidated Financial Statements.
43
Textron Inc. Annual Report • 2014