Decision Case $6-1$ Comparing Two Companies in the Same Industry in the Same Industry: Kellogg$$s and General Mills

Refer to the financial information for Kellogg$$s and General Mills reproduced at the end of the book.

What is the balance in Cash and cash equivalents on the balance sheet of each company at the end of the most recent year? What is the amount of increase or decrease in this balance from the end of the prior year?

Kellogg$$s balance in Cash and cash equivalents is $$1,190$ million in $2010,$ and the amount increased $$97$ million from the end of $2009.$

General Mills$$s balance in Cash and cash equivalents is $$673\mathrm{.}2$ million in $2010,$ and the amount decreased $$76\mathrm{.}7$ million from the end of $2009.$

On what other statement in each company$$s annual report does the increase or decrease in Cash and cash equivalents appear? Explain why it appears on this statement.

The increase or decrease in Cash and cash equivalents appear in the consolidated statements of cash flows.$$

According to the notes to their financial statements, how does each company define $$Cash and cash equivalents$?$ Are there any differences in their definitions?