Foot Locker 2006 Annual Report Download - page 44

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28
CONSOLIDATED BALANCE SHEETS
2006 2005
(in millions)
ASSETS
Current assets
Cash and cash equivalents .............................................. $ 221 $ 289
Short-term investments ................................................ 249 298
Total cash, cash equivalents and short-term investments ........................ 470 587
Merchandise inventories................................................ 1,303 1,254
Other current assets ................................................... 261 173
2,034 2,014
Property and equipment, net .............................................. 654 675
Deferred taxes ......................................................... 109 147
Goodwill .............................................................. 264 263
Intangible assets, net.................................................... 105 117
Other assets ........................................................... 83 96
$ 3,249 $ 3,312
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable ..................................................... $ 256 $ 361
Accrued and other liabilities ............................................ 246 305
Current portion of long-term debt and obligations under capital leases............. 14 51
516 717
Long-term debt and obligations under capital leases ............................ 220 275
Other liabilities......................................................... 218 293
Total liabilities ......................................................... 954 1,285
Shareholders’ equity..................................................... 2,295 2,027
$ 3,249 $ 3,312
See Accompanying Notes to Consolidated Financial Statements.