Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i. Compare across time 2. Gross profit 3. Operating income 4. Net income 1. Consolidated Balance Sheets-USD ($) $ in Millions Dec. 31, 2021 Dec.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
i. Compare across time 2. Gross profit 3. Operating income 4. Net income 1. Consolidated Balance Sheets-USD (\$) $ in Millions Dec. 31, 2021 Dec. 31,2020 Dec 31, 2019 2. Currentassets 3 Cashand cashequivalents 4 Marketable securities 5 Accounts recelvable, less allowance of $167 (\$131 in 2020) 6 Inventories: 7 Materials and supplies 8 Work in process: 9 Finished goods 10 Total inventories 11 Prepaid expenses and other current assets 12. Total current assets 13 Property, plant and equipment: 14 Land, bulidings and improvements 15 Machinery and equipment 16 Total property, plant and equipment. 17 Less allowance for depreciation 18 Property, plant and equipment, net 19 Goodwill 20 Other intangibles, net 21 Nancurrent deferred income tax assets 22. Other noncurrent assets 23 Total assets 24 Current liabilities \begin{tabular}{r|r|r|} \hline$2,944 & $2,943 & $4,337 \\ \hline 75 & 81 & 88 \\ \hline 3,022 & 2,701 & 2,893 \\ \hline \end{tabular} 25 Accounts payable 26 Accrued compensation 27 Income taxes 28 Dividend payable- 29 Accrued product liabilities 30 Accrued expenses and other liabilities 31 Current maturities of debt. 32. Total current liabilities 33 Long-term debt, excluding current maturities 34 Income taxes 35 Other noncurrent liabilities 36 Total liablities 37 Shareholders' equity 38 Common stock, 50.10 parvalue : 39 Additional paid-in capical 40 Retained eamings 41 Accumulated other comprehensive loss 42. Total shareholders' equity 43. Total liabilities 8 shareholden' equity 44 \begin{tabular}{r|r|r} \hline 691 & 678 & 677 \\ \hline 264 & 251 & 178 \\ \hline 2,359 & 2,565 & 2,125 \\ \hline 3,314 & 3,494 & 2,980 \\ \hline 662 & 488 & 760 \\ \hline 0,017 & 9,707 & 11,058 \\ \hline \end{tabular} Basic net earnings per share of common stock (in dollars per share) Diluted net earnings per share of common stock (in dollars per share) Weighted-average shares outstanding (in millions): Basic (in shares) Effect of dilutive employee stock compensation (in shares) Diluted (in shares) \begin{tabular}{|r|r|r|} \hline$5.29 & $4.26 & $5.57 \\ \hline$5.21 & $4.20 & $5.48 \\ \hline 377 & & \\ \hline 5.3 & 375.5 & 374 \\ \hline 382.3 & 4.8 & 5.9 \\ \hline \end{tabular} Bespeving bulance at oee 11, 201A - fiepurchure diemins nock, varn 10. Ner menise: 1) Ciuh evidedidesient 8. Ohir cempretimiliviecary fow 1 indiceluance thurs at bes 31,2013 90 thatbosef tanywicien 12. Cail niticentitaclerest 31 tratry balect en 0e: it, 2029 1 Consolodated Balance Sheets-USD (\$) in Millons Apr. 29, 2022 Apr. 30, 2021 Apr. 24,2020 2 Current assets: 3 Cash and cash equivalents 4 Imvestments Accounts receivable, less allowances and credit losses 5 of $230 and $241, respectively 6 Inventories, net 7 Othercument assets 8 Total currentassets 9. Property, plant, and equipment, net 10 Goodwill 11 Other intangible assets, net 12. Taxassets 13 Otherassets 14 Total assets 15 Current llabilities: 16 Curtent debt obligations 17 Accounts payable 18 Accrued compensation 19 Accrued income taxes 20 Other accrued expenses 21 Total current liabilities 22 Long-term debt 23 Accrued compensation and retirement benefits 24 Accrued income taxes 25 Deferred tax liabilities 26 Other liabilities 27 Total liabilities \begin{tabular}{r|r|r} \hline$3,714 & $3,593 & $4,140 \\ \hline 6,859 & 7,224 & 6,808 \\ \hline 5,551 & 5,462 & 4,645 \\ \hline \end{tabular} Commitments andrcontingencies (Notes 3, 16, and 18) 28 29 Shareholders' equity: Ordinary shares - parvalue $0.0001,2.6 billion shares authorized, 1,330,743,395 and 1,345,400,671 shares issued and outstanding, respectively 30 31 Additional pald-in capital 32 Retained eamings 33 Accumulated other comprehensive loss 34 Total shareholders equity 35 Noncontrolling interests 36 Total equity 3) Total liabilities and equity 38 \begin{tabular}{|r|r|r|} \hline 4,616 & 4,313 & 4,229 \\ \hline 2,318 & 1,955 & 2,209 \\ \hline 23,059 & 22,548 & 22,031 \\ \hline 5,413 & 5,221 & 4,828 \\ \hline 40,502 & 41,961 & 39,841 \\ \hline 15,595 & 17,740 & 19,053 \\ \hline 3,403 & 3,169 & 2,832 \\ \hline 3,008 & 2,443 & 2,094 \\ \hline 90,981 & 93,083 & 90,689 \\ \hline \end{tabular} 39

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Financial Accounting

Authors: Robert Libby, Patricia Libby, Frank Hodge Ch

11th Edition

1265083924, 9781265083922

More Books

Students also viewed these Accounting questions