CAMPBELL SOUP COMPANY Consolidated Statements of Earnings (millions, except per share amounts) 2017 Net sales ............................................................... $ 7,890 Costs and expenses Cost of products sold .................................................... 4,831 Marketing and selling expenses ............................................ 817 Administrative expenses ................................................. 488 Research and development expenses ........................................ 98 Other expenses / (income) ................................................ 238 Restructuring charges .................................................... 18 Total costs and expenses .................................................. 6,490 Earnings before interest and taxes ......................................... 1,400 Interest expense ......................................................... 112 Interest income .......................................................... 5 Earnings before taxes ..................................................... 1,293 Taxes on earnings ........................................................ 406 Net earnings ........................................................... 887 Less: Net earnings (loss) attributable to noncontrolling interests .................. Net earnings attributable to Campbell Soup Company ........................ $ 887 Per Share Basic Net earnings attributable to Campbell Soup Company ........................ $ 2.91 Weighted average shares outstanding basic ................................. 305 Per Share Assuming Dilution Net earnings attributable to Campbell Soup Company ........................ $ 2.89 Weighted average shares outstanding assuming dilution ....................... 307 See accompanying Notes to Consolidated Financial Statements. $ $ $ 2016 7,961 5,181 893 641 124 131 31 7,001 960 115 4 849 286 5 63 563 1.82 309 1.81 311 $ $ $ 2015 8,082 5,300 884 601 117 24 102 7,028 1,054 108 3 949 283 666 666 2.13 312 2.13 313 CAMPBELL SOUP COMPANY Consolidated Balance Sheets (millions, except per share amounts) July 30, 2017 July 31, 2016 Current assets Cash and cash equivalents . . . . . . . . . . . . 319 $ 296 Accounts receivable, net 605 526 Inventories . . . . . . . . . . 902 940 Other current assets . 74 46 Total current assets. 1,900 1,908 Plant assets, net of depreciation . 2,454 2,407 Goodwill . . . . . . . . . 2,115 2,263 Other intangible assets, net of amortization . . 1,118 1,152 Other assets ($51 as of 2017 and $34 as of 2016 attributable to variable interest entity) . . . .. . . 139 107 Total assets. . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . $ 7,726 $ 7,837 Current liabilities Short-term borrowings . . .. 1,037 $ 1,219 Payable to suppliers and others 666 610 Accrued liabilities . . . 561 604 Dividends payable . 111 100 Accrued income taxes . . . . . . . ... . . 20 22 Total current liabilities. 2,395 2,555 Long-term debt . . . . 2,499 2,314 Deferred taxes. 490 396 Other liabilities . . . . . . . . . . . . . .... 697 1,039 Total liabilities. . . . . . . . . . . . . . . .. 6.081 6,304 Commitments and contingencies Campbell Soup Company shareholders' equity Preferred stock; authorized 40 shares; none issued . . . .. Capital stock, $.0375 par value; authorized 560 shares; issued 323 shares . . . .... 12 12 Additional paid-in capital. 359 354 Earnings retained in the business . .. . 2,385 1,927 Capital stock in treasury, at cost. . . . . . . . (1,066) (664) Accumulated other comprehensive loss. . . . . . (53) (104) Total Campbell Soup Company shareholders' equity. 1,637 1,525 Noncontrolling interests . . . . 8 8 Total equity 1,645 1,533 Total liabilities and equity $ ,726 $ 7,837 See accompanying Notes to Consolidated Financial Statements.CAMPBELL SOUP COMPANY Consolidated Statements of Earnings (millions, except per share amounts) 2015 2014 2013 W W W Net sales .......................................................... $ 8,082 $ 8,268 $ 8,052 Costs and expenses Cost of products sold ............................................... 5,277 5,370 5,140 Marketing and selling expenses ....................................... 878 935 947 Administrative expenses ............................................ 593 573 677 Research and development expenses ................................... 113 121 128 Other expenses / (income) ........................................... 24 22 29 Restructuring charges ............................................... 102 55 51 M m Interest expense .................................................... 108 122 135 Interest income ..................................................... 3 3 10 Em'nmgsbemetamm Taxes on earnings ................................................... 299 347 275 WWWW Earnings (loss) 'om discontinued operations ............................. 81 (23]) Less: Net earnings (loss) attributable to noncontrolling interests ............. (11) (9) m Per Share Basic Earnings from continuing operations attributable to Campbell Soup Company . . . $ 2.21 $ 2.35 $ 2.19 Earnings (loss) from discontinued operations ............................. .26 (.74) Net earnings attributable to Campbell Soup Company ................... $ 2.21 $ 2.61 $ 1.46 Weighted average shares outstanding 7 basic ............................. 312 314 314 Per Share Assuming Dilution Earnings from continuing operations attributable to Campbell Soup Company . . . $ 2.21 $ 2.33 $ 2.17 Earnings (loss) from discontinued operations ............................. .26 (.73) Net earnings attributable to Campbell Soup Company ................... $ 2.21 $ 2.59 $ 1.44 Weighted average shares outstanding 7 assuming dilution .................. 313 316 317 CAMPBELL SOUP COMPANY Consolidated Balance Sheets (millions, except per share amounts) August 2, August 3, 2015 2014 Current assets Cash and cash equivalents .................................................... $ 253 $ 232 Accounts receivable, net ..................................................... 647 670 Inventories ................................................................ 993 1 ,016 Other current assets ......................................................... 199 182 Total current assets ......................................................... 2,092 2,100 Plant assets, net of depreciation ................................................. 2,347 2,318 Goodwill .................................................................. 2,344 2,433 Other intangible assets, net of amortization ........................................ 1,205 1,175 Other assets ................................................................ 101 87 Total assets ................................................................ $ 8,089 8 8,1 13 Currentliabilities Shortterm borrowings ....................................................... $ 1,543 $ 1,771 Payable to suppliers and others ................................................ 544 527 Accrued liabilities .......................................................... 589 553 Dividend payable ........................................................... 101 101 Accrued income taxes ....................................................... 29 37 Total current liabilities ...................................................... 2,806 2,989 Longterm debt .............................................................. 2,552 2,244 Deferred taxes .............................................................. 505 548 Other liabilities .............................................................. 850 729 Total liabilities ............................................................. 6,713 6,510 Commitments and contingencies Campbell Soup Company shareholders' equity Preferred stock; authorized 40 shares; none issued ................................. 7 Capital stock, $0375 par value; authorized 560 shares; issued 323 shares .............. 12 12 Additional paidin capital .................................................... 339 330 Earnings retained in the business .............................................. 2,494 2,198 Capital stock in treasury, at cost ............................................... (556) (356) Accumulated other comprehensive loss ......................................... (909) (569) Total Campbell Soup Company shareholders' equity ............................. 1,380 1,615 Noncontrolling interests ....................................................... (4) (12) Total equity ................................................................ 1,376 1,603 Total liabilities and equity .................................................... $ 8,089 $ 8,113 Financial reporting, manufacturing rmInternet assignment Campbell Soup Company provides access to its annual reports online at campbe llsoup.com. The annual reports are found in the \"All Campbell Brands/ Investors/ Financial Information/Annual Reports\" area of its website. Locate the following information in the annual reports provided for 2017 and 2015