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Current liabilities differ from the previous year liabiliti

What were the company's total current liabilities at the end of its most recent reporting period?

What were the company's total current liabilities at the end of the previous period?

Please detail how the current liabilities differ from the previous year liabilities.

Kraft Foods Inc. and Subsidiaries
Consolidated Balance Sheets, at December 31,
(in millions of dollars)

2007 2006
LIABILITIES
Short-term borrowings $ 7,385 $ 1,715
Current portion of long-term debt 722 1,418
Due to Altria Group, Inc. and affiliates - 607
Accounts payable 4,065 2,602
Accrued liabilities:
Marketing 1,833 1,626
Employment costs 913 750
Dividends payable 414 45
Other 1,654 1,559
Income taxes 100 151
Total current liabilities 17,086 10,473
Long-term debt 12,902 7,081
Deferred income taxes 4,876 3,930
Accrued pension costs 810 1,022
Accrued postretirement health care costs 2,846 3,014
Other liabilities 2,178 1,499
TOTAL LIABILITIES 40,698 27,019

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In $million

Company's total current liabilities at the end of its most recent reporting period= $17,086

Company's total current liabilities at the end of the previous period= $10,473

Please detail how the current liabilities differ from ...

Solution Summary

The following posting explains the steps to calculate current liabilities and to tell how they differ from the previous year liabilities.

$2.19