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| In millions, except shares and per share amounts | January 1, 2000 |
December 26, 1998 |
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| Assets: | |||
| Cash and cash equivalents | $230.0 | $180.8 | |
| Accounts receivable, net | 699.3 | 650.3 | |
| Inventories | 3,445.5 | 3,190.2 | |
| Deferred income taxes | 139.4 | 248.7 | |
| Other current assets | 93.8 | 79.2 | |
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| Total current assets |
4,608.0 | 4,349.2 | |
| Property and equipment, net | 1,601.0 | 1,351.2 | |
| Goodwill, net | 706.9 | 724.6 | |
| Other assets | 359.5 | 261.2 | |
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| Total assets | $7,275.4 | $6,686.2 | |
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| Liabilities: | |||
| Accounts payable | $1,454.2 | $1,286.3 | |
| Accrued expenses | 967.4 | 1,061.3 | |
| Short-term borrowings | 451.0 | 771.1 | |
| Current portion of long-term debt | 17.3 | 14.6 | |
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| Total current liabilities |
2,889.9 | 3,133.3 | |
| Long-term debt | 558.5 | 275.7 | |
| Deferred income taxes | 27.2 | 24.3 | |
| Other long-term liabilities |
120.1 | 142.3 | |
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Commitments and contingencies (Note 12)
Shareholders’ equity: |
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Preferred stock, $0.01 par value: authorized 120,619
shares;
no shares issued or outstanding |
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Preference stock, series one ESOP convertible, par value $1.00:
authorized 50,000,000 shares; issued and outstanding 5,164,000 shares at January 1, 2000, and 5,239,000 shares at December 26, 1998 |
276.0 | 280.0 | |
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Common stock, par value $0.01: authorized 1,000,000,000 shares;
issued 403,047,000 shares at January 1, 2000, and 401,380,000 shares at December 26, 1998 |
4.0 | 4.0 | |
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Treasury stock, at cost: 11,051,000 shares at January 1, 2000, and
11,169,000 shares at December 26, 1998 |
(258.5) | (260.2) | |
| Guaranteed ESOP obligation | (257.0) | (270.7) | |
| Capital surplus | 1,371.7 | 1,336.4 | |
| Retained earnings | 2,543.5 | 2,021.1 | |
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| Total shareholders’ equity | 3,679.7 | 3,110.6 | |
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| Total liabilities and shareholders’ equity | $7,275.4 | $6,686.2 | |
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See accompanying notes to consolidated financial statements.