($ in millions except per share data) May 1, Apr. 26, Jan. 31,
2004 2003 2004
-------------- ------------ -------------
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable and accrued expenses $ 2,411 $ 2,042 $ 2,551
Short-term debt 34 23 18
Current maturities of long-term debt 243 278 242
Deferred taxes 875 22 943
-------------- ------------ -------------
Total current liabilities 3,563 2,365 3,754
Long-term debt 5,113 5,505 5,114
Deferred taxes 1,204 1,201 1,217
Other liabilities 819 779 804
Liabilities of discontinued operations 1,863 1,925 1,986
-------------- ------------ -------------
Total Liabilities 12,562 11,775 12,875
Stockholders' equity
Capital stock
Preferred stock, no par value and stated value
of $600 per share: authorized, 25 million shares;
issued and outstanding, 0.5, 0.5 and 0.5 million
shares of Series B ESOP convertible preferred 297 325 304
Common stock, par value $0.50 per share:
authorized, 1,250 million shares; issued and
outstanding, 282, 271 and 274 million shares 3,717 3,479 3,531
-------------- ------------ -------------
Total capital stock 4,014 3,804 3,835
-------------- ------------ -------------
Reinvested earnings at beginning of year 1,728 2,817 2,817
Net income 41 61 (928)
Dividends declared (34) (34) (161)
-------------- ------------ -------------
Reinvested earnings at end of period 1,735 2,844 1,728
Accumulated other comprehensive (loss) (151) (186) (138)
-------------- ------------ -------------
Total Stockholders' Equity 5,598 6,462 5,425
-------------- ------------ -------------
Total Liabilities and Stockholders' Equity $18,160 $ 18,237 $ 18,300
============== ============ =============
The accompanying notes are an integral part of these unaudited Interim
Consolidated Financial Statements.
|
Next Section
Previous Section