Consolidated Balance Sheet Kellogg Company and Subsidiaries (millions, except share data) 2003 2002 Current assets Cash and cash equivalents $ 141.2 $ 100.6 Accounts receivable, net 754.8 741.0 Inventories 649.8 603.2 Other current assets 251.4 318.6 Total current assets $ 1,797.2 $ 1,763.4 Property, net 2,780.2 2,840.2 Other assets 5,653.4 5,615.7 Total assets $10,230.8 $10,219.3 Current liabilities Current maturities of long-term debt $ 578.1 $ 776.4 Notes payable 320.8 420.9 Accounts payable 703.8 619.0 Other current liabilities 1,163.3 1,198.6 Total current liabilities $ 2,766.0 $ 3,014.9 Long-term debt 4,265.4 4,519.4 Other liabilities 1,756.2 1,789.9 Shareholders’ equity Common stock, $.25 par value, 1,000,000,000 shares authorized Issued: 415,451,198 shares in 2003 and 2002 103.8 103.8 Capital in excess of par value 24.5 49.9 Retained earnings 2,247.7 1,873.0 Treasury stock at cost: 5,751,578 shares in 2003 and 7,598,923 shares in 2002 (203.6) (278.2) Accumulated other comprehensive income (loss) (729.2) (853.4) Total shareholders’ equity $ 1,443.2 $ 895.1 Total liabilities and shareholders’ equity $10,230.8 $10,219.3 Refer to Notes to Consolidated Financial Statements. Kellogg Company 33