Foot Locker 2008 Annual Report Download - page 46

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30
CONSOLIDATED BALANCE SHEETS
2008 2007
(in millions)
ASSETS
Current assets
Cash and cash equivalents .............................................. $ 385 $ 488
Short-term investments ................................................ 23 5
Merchandise inventories................................................ 1,120 1,281
Other current assets ................................................... 236 289
1,764 2,063
Property and equipment, net .............................................. 432 521
Deferred taxes ......................................................... 358 239
Goodwill .............................................................. 144 266
Other intangible assets, net ............................................... 113 96
Other assets ........................................................... 66 58
$2,877 $3,243
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable ..................................................... $ 187 $ 233
Accrued and other liabilities ............................................ 231 278
418 511
Long-term debt......................................................... 142 221
Other liabilities......................................................... 393 250
Total liabilities ......................................................... 953 982
Shareholders’ equity..................................................... 1,924 2,261
$2,877 $3,243
See Accompanying Notes to Consolidated Financial Statements.