Table T-6.10

J.C. Penney Company Inc.

Balance Sheets (in $ millions)
. 1998 1997
Assets . .
Cash 96 287
Receivables 4415 3819
Inventory 6031 6162
Other current assets 583 1216
Total Current Assets 11125 11484
Fixed Assets 5458 5329
Intangibles 2933 2940
Other 4122 3740
Total Assets 23638 23493
Liabilities . .
Notes payable 1924 1417
Current portion of LTD 438 449
Trade Payable 3465 4059
Tax Payable 143 116
Other Current Liabilites . .
Total Current Liabilities 5970 6041
Long Term Debt (LTD) 7143 6986
Deferred Taxes 1517 1325
Other 1839 1784
Equity 7169 7357
Total 23638 23493