Prepare the managerial balance sheet of Lowe’s from the following company consolidated balance sheet:
In millions Fiscal year-end 2008

Assets

Current assets

Cash and cash equivalents.............. $ 245

Short-term investments.............. 416

Merchandise inventories............ 8,209

Deferred income taxes.............. 166

Other current assets.............. 215

Total current assets.............. 9,251

Property, less accumulated depreciation...... 22,722

Long-term investments.............. 253

Other assets..............460

Total assets.................. $32,686

Liabilities and shareholders’ equity

Current liabilities

Short-term borrowings.............. $ 987

Current portion of long-term debt......... 34

Accounts payable................ 4,109

Accrued compensation and employees benefits.... 434

Self-insurance liabilities.............. 751

Deferred revenue............... 674

Other current liabilities.............. 1,033

Total current liabilities.............. 8,022

Long-term debt................ 5,039

Deferred income taxes, net............ 660

Other liabilities................ 910

Total liabilities................. 14,631

Shareholders’ equity

Common stock................. 735

Capital-in-excess of par value........... 277

Retained earnings................. 17,049

Accumulated other comprehensive income (loss) .. (6)

Total shareholders’ equity ...........18,055

Total liabilities and shareholders’ equity...... $32,686