CONSOLIDATED BALANCE SHEET December 28, December 29, December 28, 2001 and December 29, 2000 2001 2000 ($ in millions) ASSETS Current assets Cash and equivalents $ 817 $ 334 Accounts and notes receivable 611 728 Inventories, at lower of average cost or market 96 97 Prepaid taxes 223 197 Other 383 289 2,130 1,645 Property and equipment 2,930 3,011 Intangible assets 1,764 1,833 Investments in affiliates 823 747 Notes and other receivables 1,038 661 Other 422 340 $9,107 $8,237 LIABILITIES AND SHAREHOLDERS’EQUITY Current liabilities Accounts payable $ 697 $ 660 Accrued payroll and benefits 358 440 Self-insurance 22 27 Other payables and accruals 725 790 1,802 1,917 Long-term debt 2,408 2,016 Self-insurance 86 122 Other long-term liabilities 926 915 Convertible debt 407 — Shareholders’ equity ESOP preferred stock — — Class A Common Stock, 255.6 million shares issued 3 3 Additional paid-in capital 3,378 3,590 Retained earnings 941 851 Unearned ESOP shares (291) (679) Treasury stock, at cost (503) (454) Accumulated other comprehensive income, net of tax (50) (44) 3,478 3,267 $9,107 $8,237 See Notes To Consolidated Financial Statements 22 Marriott International, Inc. 2001 Annual Report