Kohl's 2011 Annual Report Download - page 49

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KOHL’S CORPORATION
CONSOLIDATED BALANCE SHEETS
(Dollars In Millions)
January 28,
2012
January 29,
2011
Assets
Current assets:
Cash and cash equivalents ............................................. $ 1,205 $ 2,277
Merchandise inventories ............................................... 3,199 3,036
Deferred income taxes ................................................ 72 77
Other .............................................................. 299 252
Total current assets ............................................... 4,775 5,642
Property and equipment, net ............................................ 8,905 8,692
Long-term investments ................................................ 153 277
Other assets ......................................................... 261 238
Total assets ..................................................... $14,094 $14,849
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable .................................................... $ 1,233 $ 1,138
Accrued liabilities .................................................... 1,130 1,030
Income taxes payable ................................................. 133 127
Current portion of long-term debt ........................................ —400
Current portion of capital lease and financing obligations ..................... 94 86
Total current liabilities ............................................ 2,590 2,781
Long-term debt .......................................................... 2,141 1,494
Capital lease and financing obligations ....................................... 2,009 2,018
Deferred income taxes .................................................... 386 256
Other long-term liabilities .................................................. 460 450
Shareholders’ equity:
Common stock—358 and 355 million shares issued ......................... 44
Paid-in capital ....................................................... 2,339 2,225
Treasury stock, at cost, 111 and 64 million shares ........................... (5,977) (3,643)
Accumulated other comprehensive loss ................................... (53) (37)
Retained earnings .................................................... 10,195 9,301
Total shareholders’ equity ......................................... 6,508 7,850
Total liabilities and shareholders’ equity .............................. $14,094 $14,849
See accompanying Notes to Consolidated Financial Statements
F-3