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Using the data set below, what is the amount of debt and equity financing that McCormick reports on its 2020 balance sheet? McCormick Inc.
Using the data set below, what is the amount of debt and equity financing that McCormick reports on its 2020 balance sheet? McCormick Inc. (in millions) ASSETS Current assets: Cash and cash equivalents 31-Dec 31-Dec 2020 2019 $ 859 $ 31 Accounts receivable (net) 575 574 Inventories 871 863 Other 80 499 Total current assets 2,385 1,967 Property and equipment (net) 2,368 2,455 Intangible assets 7,336 7,432 Other non-current assets 283 1,294 Total assets $ 12,372 $ 13,148 LIABILITIES AND SE Current liabilities: Short-term borrowings $ 1,202 $ 1,371 Accounts payable 1,049 814 Accrued liabilities 693 609 Other 131 591 Total current liabilities 3,075 3,385 Long-term debt 4,994 7,103 Other non-current liabilities 1,734 1,548 Total liabilities 9,803 12,036 Stockholders' equity: Common stock 12 12
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