Annual Consolidated Balance Sheet
Amounts Rounded to : Millions
		Results as of
		Oct 27, 2013	Oct 28, 2012
ASSETS
Current Assets:
	Cash and cash equivalents	$ 1,711	$ 1,392
	Short-term investments	180	545
	Total cash and short-term investments	1,891	1,937
	Accounts receivable, net	1,633	1,220
	Inventories, net	1,413	1,272
	Current deferred taxes	323	369
	Other current assets	382	304
	Total current assets	5,642	5,102
	Property, plant, and equipment	2,817	2,917
	Less: accumulated depreciation	1,967	2,007
	Net property, plant, and equipment	850	910
	Long-term investments	1,005	1,055
	Goodwill, net	3,294	3,518
	Other intangibles, net	1,103	1,355
	Other deferred taxes	149	162
	Other assets
	Total assets	$ 12,043	$ 12,102	Yes	Yes
LIABILITIES
Current Liabilities:
	Accounts payable	$ 582	$ 396
	Short-term debt
	Current portion of long-term debt
	Accrued liabilities	994	1,040
	Income taxes payable	73	74
	Other current liabilities	794	755
	Total current liabilities	2,443	2,265
	Long-term debt	1,946	1,946
	Deferred income taxes payable	71	200
	Other deferred liabilities	193	216
	Other liabilities	302	240
	Total liabilities	4,955	4,867
	Minority interest
STOCKHOLDERS' EQUITY
	Preferred stock
	Common stock, par value plus additional paid-in capital	6,163	5,875
	Retained earnings (accumulated deficit)	12,487	12,700
	Treasury stock	(11,524)	(11,279)
	Accumulated other comprehensive income (loss)	(38)	(61)
	Other stockholders' equity
	Total stockholders' equity	7,088	7,235
	Total liabilities and stockholders' equity	$ 12,043	$ 12,102

Annual Common Size Balance Sheet
Summary percentages in italics will not foot due to rounding
		Results as of
		Oct 27, 2013	Oct 28, 2012
ASSETS
Current Assets:
	Cash and cash equivalents	14.2%	11.5%
	Short-term investments	1.5%	4.5%
	Total cash and short-term investments	15.7%	16.0%
	Accounts receivable, net	13.6%	10.1%
	Inventories, net	11.7%	10.5%
	Current deferred taxes	2.7%	3.0%
	Other current assets	3.2%	2.5%
	Total current assets	46.8%	42.2%
	Property, plant, and equipment	23.4%	24.1%
	Less: accumulated depreciation	16.3%	16.6%
	Net property, plant, and equipment	7.1%	7.5%
	Long-term investments	8.3%	8.7%
	Goodwill, net	27.4%	29.1%
	Other intangibles, net	9.2%	11.2%
	Other deferred taxes	1.2%	1.3%
	Other assets	0.0%	0.0%
	Total assets	100.0%	100.0%
LIABILITIES
Current Liabilities:
	Accounts payable	4.8%	3.3%
	Short-term debt	0.0%	0.0%
	Current portion of long-term debt	0.0%	0.0%
	Accrued liabilities	8.3%	8.6%
	Income taxes payable	0.6%	0.6%
	Other current liabilities	6.6%	6.2%
	Total current liabilities	20.3%	18.7%
	Long-term debt	16.2%	16.1%
	Deferred income taxes payable	0.6%	1.7%
	Other deferred liabilities	1.6%	1.8%
	Other liabilities	2.5%	2.0%
	Total liabilities	41.1%	40.2%
	Minority interest	0.0%	0.0%
STOCKHOLDERS' EQUITY
	Preferred stock	0.0%	0.0%
	Common stock, par value plus additional paid-in capital	51.2%	48.5%
	Retained earnings (accumulated deficit)	103.7%	104.9%
	Treasury stock	(95.7%)	(93.2%)
	Accumulated other comprehensive income (loss)	(0.3%)	(0.5%)
	Other stockholders' equity	0.0%	0.0%
	Total stockholders' equity	58.9%	59.8%
	Total liabilities and stockholders' equity	100.0%	100.0%

Understanding Financial Statements 11th edition

Case study 2.2 (b) analyse the balance sheet. Write a summary that includes important points.