Finance and accounting assignment

Consolidated Balance Sheets Walgreen Co. and Subsidiaries At August 31, 2014 and 2013

(In millions, except shares and per share amounts)

2014 2013

Assets Current Assets

Cash and cash equivalents $ 2,646 $ 2,106 Accounts receivable, net 3,218 2,632 Inventories 6,076 6,852 Other current assets 302 284

Total Current Assets 12,242 11,874 Non-Current Assets

Property and equipment, at cost, less accumulated depreciation and amortization 12,257 12,138 Equity investment in Alliance Boots 7,248 6,261 Alliance Boots call option — 839 Goodwill 2,359 2,410 Other non-current assets 3,076 1,959

Total Non-Current Assets 24,940 23,607

Total Assets $37,182 $35,481

Liabilities and Equity Current Liabilities

Short-term borrowings $ 774 $ 570 Trade accounts payable 4,315 4,635 Accrued expenses and other liabilities 3,701 3,577 Income taxes 105 101

Total Current Liabilities 8,895 8,883 Non-Current Liabilities

Long-term debt 3,736 4,477 Deferred income taxes 1,048 600 Other non-current liabilities 2,942 2,067

Total Non-Current Liabilities 7,726 7,144 Commitments and Contingencies (see Note 12) Equity

Preferred stock, $.0625 par value; authorized 32 million shares; none issued — — Common stock, $.078125 par value; authorized 3.2 billion shares; issued and outstanding 1,028,180,150 shares in 2014 and 2013 80 80

Paid-in capital 1,172 1,074 Employee stock loan receivable (5) (11) Retained earnings 22,229 21,523 Accumulated other comprehensive income (loss) 178 (98) Treasury stock at cost, 77,793,261 shares in 2014 and 81,584,572 shares in 2013 (3,197) (3,114)

Total Walgreen Co. Equity 20,457 19,454 Noncontrolling interests 104 —

Total Equity 20,561 19,454

Total Liabilities and Equity $37,182 $35,481

The accompanying Notes to Consolidated Financial Statements are integral parts of these statements.

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