Table of Contents ASSETS Current assets: Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other current assets Current assets of discontinued operations Total current assets Property and equipment, net Goodwill Other intangible assets, net Timber notes receivable Deferred income taxes Other assets Non-current assets of discontinued operations Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Trade accounts payable OFFICE DEPOT, INC. CONSOLIDATED BALANCE SHEETS (In millions, except shares and par value) Accrued expenses and other current liabilities Income taxes payable Short-term borrowings and current maturities of long-term debt Current liabilities of discontinued operations Total current liabilities Deferred income taxes and other long-term liabilities Pension and postretirement obligations, net Long-term debt, net of current maturities Non-recourse debt Non-current liabilities of discontinued operations Total liabilities Commitments and contingencies Stockholders' equity: Common stock-authorized 800,000,000 shares of $.01 par value; issued shares-557,892,568 at December 31, 2016 and 554,835,306 at December 26, 2015 Additional paid-in capital Accumulated other comprehensive income (loss) Accumulated deficit Treasury stock, at cost-42,802,998 shares at December 31, 2016 and 5,915,268 shares at December 26, 2015 Total stockholders' equity Total liabilities and stockholders' equity The accompanying notes to consolidated financial statements are an integral part of these statements. 60 December 31, 2016 December 26, 2015 $ 763 $ 860 687 746 1,279 1,406 102 92 142 956 2,973 4,060 601 665 363 363 33 53 885 905 466 11 219 203 - 182 S 5,540 S 6,442 S 893 S 987 1,002 1,074 3 9 29 51 104 622 2,031 2,743 361 421 140 182 358 628 798 819 - 3,688 46 4,839 6 2,618 6 2,607 (129) 30 (453) (982) (190) (58) 1,852 1,603 S 5,540 $ 6,442