adjust The Kroger Company's ("Kroger") financial statements from LIFO to FIFO.

From the balance sheets:

Inventories

Less: LIFO reserve

LIFO cost

"Kroger") financial statements from LIFO to FIFO.

Transcribed Image Text:

(In millions, except par amounts) ASSETS Current assets Cash and temporary cash investments Store deposits in-transit Receivables FIFO inventory LIFO reserve Prepaid and other current assets Total current assets Property, plant and equipment, net Operating lease assets Intangibles, net Goodwill Other assets CONSOLIDATED BALANCE SHEETS January 28, 2023 January 29, 2022 1,015 1,821 1,127 1,082 2,234 1,828 9,756 8,353 (2,196) (1,570) 734 660 12,670 12,174 24,726 23,789 6,662 6,695 899 942 2,916 3,076 1,750 2,410 49,623 49,086 Total Assets LIABILITIES Current liabilities Current portion of long-term debt including obligations under finance leases Current portion of operating lease liabilities 1,310 555 662 650 Trade accounts payable 7,119 7,117 Accrued salaries and wages 1,746 1,736 Other current liabilities Total current liabilities Long-term debt including obligations under finance leases Noncurrent operating lease liabilities Deferred income taxes Pension and postretirement benefit obligations Other long-term liabilities 6,401 6,265 17,238 16,323 12,068 12,809 6,372 6,426 1,672 1,562 436 478 1,823 2,059 39,609 39,657 Total Liabilities Commitments and contingencies see Note 12 SHAREOWNERS' EQUITY Preferred shares, $100 par per share, 5 shares authorized and unissued Common shares, $1 par pr share, 2,000 shares authorized; 1,918 shares issued in 2022 and 2021 Additional paid-in capital Accumulated other comprehensive loss Accumulated earnings Common shares in treasury, at cost, 1,202 shares in 2022 and 1,191 shares in 2021 Total Shareowners' Equity - The Kroger Co. Noncontrolling interests Total Equity Total Liabilities and Equity 1,918 1,918 3,805 3,657 (632) (467) 25,601 24,066 (20,650) (19,722) 10.042 9,452 (28) (23) 10,014 9,429 49,623 49,086 (In millions, except par amounts) ASSETS Current assets Cash and temporary cash investments Store deposits in-transit Receivables FIFO inventory LIFO reserve Prepaid and other current assets Total current assets Property, plant and equipment, net Operating lease assets Intangibles, net Goodwill Other assets CONSOLIDATED BALANCE SHEETS January 28, 2023 January 29, 2022 1,015 1,821 1,127 1,082 2,234 1,828 9,756 8,353 (2,196) (1,570) 734 660 12,670 12,174 24,726 23,789 6,662 6,695 899 942 2,916 3,076 1,750 2,410 49,623 49,086 Total Assets LIABILITIES Current liabilities Current portion of long-term debt including obligations under finance leases Current portion of operating lease liabilities 1,310 555 662 650 Trade accounts payable 7,119 7,117 Accrued salaries and wages 1,746 1,736 Other current liabilities Total current liabilities Long-term debt including obligations under finance leases Noncurrent operating lease liabilities Deferred income taxes Pension and postretirement benefit obligations Other long-term liabilities 6,401 6,265 17,238 16,323 12,068 12,809 6,372 6,426 1,672 1,562 436 478 1,823 2,059 39,609 39,657 Total Liabilities Commitments and contingencies see Note 12 SHAREOWNERS' EQUITY Preferred shares, $100 par per share, 5 shares authorized and unissued Common shares, $1 par pr share, 2,000 shares authorized; 1,918 shares issued in 2022 and 2021 Additional paid-in capital Accumulated other comprehensive loss Accumulated earnings Common shares in treasury, at cost, 1,202 shares in 2022 and 1,191 shares in 2021 Total Shareowners' Equity - The Kroger Co. Noncontrolling interests Total Equity Total Liabilities and Equity 1,918 1,918 3,805 3,657 (632) (467) 25,601 24,066 (20,650) (19,722) 10.042 9,452 (28) (23) 10,014 9,429 49,623 49,086