| Consolidated Balance Sheets |
|
|
|
|
December 31, |
|
| In millions |
|
1997
|
|
1996 |
|
| Assets: |
|
|
|
|
| Cash and cash
equivalents |
|
$168.5 |
|
$471.8 |
| Investments |
|
-- |
|
181.4 |
| Accounts receivable,
net |
|
452.4 |
|
350.7 |
| Inventories |
|
2,709.5 |
|
2,328.2 |
| Other current assets |
|
354.6 |
|
196.8 |
|
| Total current
assets |
|
3,685.0 |
|
3,528.9 |
|
|
|
|
|
| Property and
equipment, net |
|
958.2 |
|
965.5 |
| Goodwill, net |
|
711.3 |
|
721.7 |
Deferred charges and
other
assets |
|
174.5 |
|
282.8 |
Reorganization value
in excess
of amounts allocated to
identifiable assets, net |
|
107.9 |
|
194.8 |
|
| Total assets |
|
$5,636.9 |
|
$5,693.7 |
|
| Liabilities: |
|
|
|
|
| Accounts payable |
|
$1,181.9 |
|
$1,046.3 |
| Accrued expenses |
|
1,165.7 |
|
1,007.1 |
| Short-term borrowings |
|
466.4 |
|
-- |
| Other current
liabilities |
|
41.0 |
|
69.4 |
|
| Total current
liabilities |
|
2,855.0 |
|
2,122.8 |
|
|
|
|
|
| Long-term debt |
|
272.6 |
|
1,184.3 |
| Other long-term
liabilities |
|
147.9 |
|
190.2 |
|
|
|
|
|
| Shareholders'
equity: |
|
|
|
|
| Preference stock |
|
284.6 |
|
298.6 |
| Common stock |
|
1.8 |
|
1.7 |
| Treasury stock, at
cost |
|
(262.9) |
|
(273.1) |
| Guaranteed ESOP
obligation |
|
(292.1) |
|
(292.1) |
| Capital surplus |
|
1,079.0 |
|
875.9 |
| Retained earnings |
|
1,551.0 |
|
1,587.8 |
| Other |
|
-- |
|
(2.4) |
|
| Total
shareholders' equity |
|
2,361.4 |
|
2,196.4 |
|
| Total
liabilities and shareholders' equity |
|
$5,636.9 |
|
$5,693.7 |
|
| See
accompanying notes to consolidated financial statements. |
|
|
|
|
|
|
