Kellogg
Company and Subsidiaries
Consolidated
Balance Sheet
| (millions, except share data) | 2007 | 2006 | ||||||
|
Current assets
|
||||||||
|
Cash and cash equivalents
|
$ | 524 | $ | 411 | ||||
|
Accounts receivable, net
|
1,026 | 945 | ||||||
|
Inventories
|
924 | 824 | ||||||
|
Other current assets
|
243 | 247 | ||||||
|
Total current assets
|
$ | 2,717 | $ | 2,427 | ||||
|
Property, net
|
2,990 | 2,816 | ||||||
|
Goodwill
|
3,515 | 3,448 | ||||||
|
Other intangibles, net
|
1,450 | 1,420 | ||||||
|
Other assets
|
725 | 603 | ||||||
|
Total assets
|
$ | 11,397 | $ | 10,714 | ||||
|
Current liabilities
|
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|
Current maturities of long-term debt
|
$ | 466 | $ | 723 | ||||
|
Notes payable
|
1,489 | 1,268 | ||||||
|
Accounts payable
|
1,081 | 910 | ||||||
|
Other current liabilities
|
1,008 | 1,119 | ||||||
|
Total current liabilities
|
$ | 4,044 | $ | 4,020 | ||||
|
Long-term debt
|
3,270 | 3,053 | ||||||
|
Other liabilities
|
1,557 | 1,572 | ||||||
|
Shareholders’ equity
|
||||||||
|
Common stock, $.25 par value, 1,000,000,000 shares
authorized
Issued: 418,669,193 shares in 2007 and 418,515,339 shares in 2006 |
105 | 105 | ||||||
|
Capital in excess of par value
|
388 | 292 | ||||||
|
Retained earnings
|
4,217 | 3,630 | ||||||
|
Treasury stock at cost:
28,618,052 shares in 2007 and 20,817,930 shares in 2006 |
(1,357 | ) | (912 | ) | ||||
|
Accumulated other comprehensive income (loss)
|
(827 | ) | (1,046 | ) | ||||
|
Total shareholders’ equity
|
$ | 2,526 | $ | 2,069 | ||||
|
Total liabilities and shareholders’ equity
|
$ | 11,397 | $ | 10,714 | ||||
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