Penney (J.C.) Co.,Inc. (Holding Co.)

"As Reported  Annual Balance Sheet","02/03/2007","01/28/2006","01/29/2005","01/31/2004","01/25/2003",
"Currency","US Dollar","US Dollar","US Dollar","US Dollar","US Dollar",
"Auditor Status","Not Qualified","Not Qualified","Not Qualified","Not Qualified","Not Qualified",
"Consolidated","Yes","Yes","Yes","Yes","Yes",
"Scale","Millions","Millions","Millions","Millions","Millions",
"","","","","","",
"Cash & short-term investments","2,747","3,016","4,687","2,994","2,474",
"Receivables, gross","-","-","411","238","719",
"Bad debt reserves","-","-","7","5","14",
"Receivables, net","263","270","404","233","705",
"Merchandise inventories at lower FIFO or mkt","3,408","3,234","3,194","3,199","5,348",
"LIFO reserve","8","24","25","43","403",
"Merchandise inventories","3,400","3,210","3,169","3,156","4,945",
"Prepaid expenses","238","206","167","130","229",
"Total current assets","6,648","6,702","8,427","6,513","8,353",
"Land","237","208","203","206","-",
"Buildings","3,141","2,837","2,693","2,554","-",
"Furniture & equipment","2,104","2,078","2,145","2,203","-",
"Land & buildings","-","-","-","-","2,940",
"Furniture & fixtures","-","-","-","-","3,946",
"Leasehold improvements","795","722","674","674","1,268",
"Accumulated depreciation","2,115","2,097","2,077","2,122","3,253",
"Property & equipment, net","4,162","3,748","3,638","3,515","4,901",
"Prepaid pension","1,235","1,469","1,538","1,320","-",
"Goodwill","-","-","-","42","2,304",
"Intangible assets, net","-","-","-","-","494",
"Real estate investments","350","270","192","169","106",
"Leveraged lease investments","140","135","139","134","131",
"Capitalized software, net","95","89","99","97","228",
"Goodwill - Renner","-","-","43","-","-",
"Deferred catalog book costs","-","-","-","77","73",
"Debt issuance costs, net","21","24","31","52","46",
"Prepaid pension","-","-","-","-","1,172",
"Other assets","22","24","20","27","59",
"Total other assets","628","542","524","556","1,815",
"Assets of discontinued operations","-","-","-","6,354","-",
"Total assets","12,673","12,461","14,127","18,300","17,867",
"Trade payables","1,366","1,171","1,200","1,167","1,792",
"Accrued salaries, vacation & bonus","455","453","443","409","570",
"Customer gift cards/certificates","231","219","207","179","173",
"Taxes other than income taxes","116","74","125","-","-",
"Capital expenditures payable","88","47","-","-","-",
"Interest payable","84","95","107","132","122",
"Current portion of retirement plan liabilitie","74","-","-","-","-",
"Advertising payables","93","99","78","79","187",
"Current portion of workers' compensation & ge","67","72","68","63","99",
"Occupancy & rent-related payables","46","51","-","-","91",
"Common dividends payable","41","29","35","35","34",
"Reserves for discontinued operations","34","79","221","-","-",
"Taxes payable","-","-","79","119","123",
"Pharmacy payables","-","-","-","-","131",
"Restructuring reserves","-","-","-","-","37",
"Funds due for common stock repurchases","-","-","51","-","-",
"Other accrued expenses & other curr liabils","363","344","352","368","432",
"Total accrued expenses & oth current liabils","1,692","1,562","1,766","-","-",
"Accounts payable & accrued expenses","-","-","-","2,551","3,791",
"Current maturities of long term debt","434","21","459","242","275",
"Income taxes payable","-","8","-","-","-",
"Short-term debt","-","-","22","18","13",
"Deferred taxes","-","-","-","943","80",
"Total current liabilities","3,492","2,762","3,447","3,754","4,159",
"Notes","1,763","1,763","1,857","2,165","1,928",
"Debentures","1,369","1,369","1,525","1,525","1,525",
"Medium-term notes","300","300","493","493","493",
"Convertible subordinated notes","-","-","-","650","650",
"Sunking fund debentures","-","-","-","313","392",
"Original issue discount debentures","-","-","-","167","156",
"Equipment financing notes","4","10","15","21","25",
"Total notes & debentures","3,436","3,442","3,890","-","-",
"Capital lease obligs & other long-term debt","8","23","33","22","46",
"Total long-term debt, including current matur","3,444","3,465","3,923","-","-",
"Less: current maturities","434","21","459","242","275",
"Long-term debt","3,010","3,444","3,464","5,114","4,940",
"Deferred taxes","1,206","1,287","1,318","1,217","1,391",
"Retirement benefit plan liabilities","324","590","634","-","-",
"Long-term portion of workers' compensation &","152","164","157","-","-",
"Developer/tenant allowances","120","122","111","-","-",
"Reserves for discontinued operations","51","54","114","-","-",
"Other liabilities","30","31","26","-","-",
"Total other liabilities","677","961","1,042","-","-",
"Other liabilities","-","-","-","804","1,007",
"Liabilities of discontinued operations","-","-","-","1,986","-",
"Total liabilities","8,385","8,454","9,271","12,875","11,497",
"Preferred stock","-","-","-","304","333",
"Common stock","112","-","-","3,531","3,423",
"Additional paid-in capital","3,430","-","-","-","-",
"Common stock & additional paid-in capital","-","3,479","4,176","-","-",
"Reinvested earnings","922","512","812","1,728","2,817",
"Foreign currency translation","-","-","(104)","(115)","(164)",
"Non-qualified plan minimum liability adjustme","-","(102)","(102)","(82)","(58)",
"Net unrealized gains on investments","166","118","74","60","19",
"Net actuarial gain/(loss) & prior service (co","(342)","-","-","-","-",
"Other comprehensive (loss) from discont opers","-","-","-","(1)","-",
"Accumulated other comprehensive income (loss)","(176)","16","(132)","(138)","(203)",
"Total stockholders' equity","4,288","4,007","4,856","5,425","6,370",
"","","","","","",