Diageo is a United Kingdom (UK) consumer products firm, best known in the United States for the following brand names: Smirnoff, Johnnie Walker, J&B, Gordon€™s, Seagram€™s, and Guinness. Diageo€™s 2007 consolidated balance sheet follows.

Re-create Diageo€™s June 30, 2007, balance sheet using U.S. terminology and a standard U.S. format.

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Diageo Consolidated Balance Sheet 30 June 2007 (In millions of pounds) Non-current assets Intangible assets Property. plant and equipment... Biological assets Investments in associates Other investments Other receivables Other financial assets Deferred tax assets Post employment benefit assets 4,383 1932 12 1,436 128 17 52 38 8,769 Current assets 2.465 Trade and other receivables...**.759 Other financial assets Cash and cash equivalents 78 885 5,187 13,956 Total assets Current liabilities Borrowings and bank overdrafts._... Other financial liabilities Trade and other payables Corporate tax payable (535) (43) (.888) (673) (60) (4.199) Non-current liabilities Borrowings Other financial liabilities Other payables (4.132) (104) (38) Deferred tax liabilities (582) (457) 5.587) (9.786) 4,170 Total liabilities Net assets Equity Called up share capital Share premium Other reserves Retained deficit 848 1.341 .. 3.186 (1,403) Equity attributable to equity shareholders of the parent company Minority interests Total equity 3,972 198 4,170