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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Jul. 03, 2021
Jan. 02, 2021
Current assets    
Cash and cash equivalents $ 395 $ 435
Accounts receivable, net 1,659 1,537
Inventories 1,365 1,284
Other current assets 328 226
Total current assets 3,747 3,482
Property, net 3,666 3,713
Operating lease right-of-use assets 661 658
Goodwill 5,783 5,799
Other intangibles, net 2,454 2,491
Investments in unconsolidated entities 394 391
Other assets 1,508 1,462
Total assets 18,213 17,996
Current liabilities    
Current maturities of long-term debt 17 627
Notes payable 551 102
Accounts payable 2,491 2,471
Current operating lease liabilities 127 117
Accrued advertising and promotion 802 776
Other current liabilities 958 1,145
Total current liabilities 4,946 5,238
Long-term debt 7,029 6,746
Operating lease liabilities 517 520
Deferred income taxes 647 562
Pension liability 688 769
Other liabilities 506 525
Commitments and contingencies
Equity    
Common stock, $.25 par value 105 105
Capital in excess of par value 973 972
Retained earnings 8,688 8,326
Treasury stock, at cost (4,741) (4,559)
Accumulated other comprehensive income (loss) (1,663) (1,732)
Total Kellogg Company equity 3,362 3,112
Noncontrolling interests 518 524
Total equity 3,880 3,636
Total liabilities and equity $ 18,213 $ 17,996