Foot Locker 2006 Annual Report Download - page 57

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41
7 Other Current Assets
2006 2005
(in millions)
Net receivables ................................................... $ 59 $ 49
Prepaid expenses and other current assets .............................. 36 31
Prepaid rent ..................................................... 62 15
Prepaid income taxes .............................................. 67 49
Deferred taxes ................................................... 21 28
Investments .................................................... 14 —
Current portion of Northern Group note receivable ........................ 1 1
Fair value of derivative contracts ..................................... 1 —
$261 $173
8 Property and Equipment, net
2006 2005
(in millions)
Land .......................................................... $ 3 $ 3
Buildings:
Owned ...................................................... 30 31
Furniture, fixtures and equipment:
Owned ...................................................... 1,139 1,087
Leased ...................................................... 14 15
1,186 1,136
Less: accumulated depreciation ................................... (870) (800)
316 336
Alterations to leased and owned buildings,
net of accumulated amortization ................................. 338 339
$654 $675
9Goodwill
2006 2005
(in millions)
Athletic Stores ................................................... $184 $183
Direct-to-Customers ............................................... 80 80
$264 $263
The effect of foreign exchange fluctuations for the fiscal year ended February 3, 2007 increased goodwill by $1
million, resulting from the strengthening of the euro in relation to the U.S. dollar.