MACY'S, INC. CONSOLIDATED BALANCE SHEETS (millions) January 29, 2022 January 30, 2021 ASSETS Current Assets: Cash and cash equivalents $ 1,712 $ 1,679 Receivables 297 276 Merchandise inventories 4,383 3,774 Prepaid expenses and other current assets 366 455 Total Current Assets 6,758 6, 184 Property and Equipment - net 5,665 5,940 Right of Use Assets 2,808 2,878 Goodwill 828 828 Other Intangible Assets - net 435 437 Other Assets 1,096 1,439 Total Assets call 17,590 17,706 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Short-term debt $ $ 452 Merchandise accounts payable 2,222 1,978 Accounts payable and accrued liabilities 3.086 2,927 Income taxes 108 Total Current Liabilities 5,416 5,357 Long-Term Debt 3,295 4,407 Long-Term Lease Liabilities 3,098 3,185 Deferred Income Taxes 983 908 Other Liabilities 1,177 1,296 Shareholders' Equity: Common stock (292.4 and 310.5 shares outstanding) 3 3 Additional paid-in capital 517 571 Accumulated equity 5,268 3,928 Treasury stock (1,545) (1,161) Accumulated other comprehensive loss (622) (788) Total Shareholders' Equity 3,621 2,553 Total Liabilities and Shareholders' Equity 17,590 17,706 The accompanying notes are an integral part of these Consolidated Financial Statements