Diageo is a United Kingdom (UK) consumer products firm, best known in the United States for the following brand names: Smirnoff, Johnnie Walker, J&B, Gordon's, Seagram's, and Guinness. Diageo's 2011 consolidated balance sheet follows.

Recreate Diageo's June 30, 2011, balance sheet using U.S. terminology and a standard U.S. format.

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Diageo Consolidated Balance Sheet 30 June 2011 (In millions of pounds) Non-current assets Intangible assets Property, plant and equipment. Biological assets Investments in associates Other investments Other receivables Other financial assets. Deferred tax assets Post employment benefit assets 6,545 2,552 2,385 102 118 305 516 60 12,616 Current assets nventories Trade and other receivables Assets held for sale Other financial assets. Cash and cash equivalents 3,473 1,977 1,584 7,161 19,777 Total assets Current liabilities Borrowings and bank overdrafts. Other financial liabilities Trade and other payables Liabilities held for sale Corporate tax payable Provisions (2,838) (10) (381) (149) (4915 Non-current liabilities Borrowings. Other financial liabilities Other payables (6,748) (147) (41) Deferred tax liabilities Post employment benefit liabilities (898) (8,877) (13,792) 5.985 Total liabilities Net assets Equity Called up share capital Share premium Other reserves Retained deficit Equity attributable to 797 1,343 3,300 (195) equity shareholders of the parent company Non-controlling interests Total equity 5,245 740 5,985