Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Kellanova, consolidated balance sheet: assets (quarterly data)

US$ in millions

	Jun 29, 2024	Mar 30, 2024	Dec 30, 2023	Sep 30, 2023	Jul 1, 2023	Apr 1, 2023	Dec 31, 2022	Oct 1, 2022	Jul 2, 2022	Apr 2, 2022	Dec 31, 2021	Oct 2, 2021	Jul 3, 2021	Apr 3, 2021	Dec 31, 2020	Sep 26, 2020	Jun 27, 2020	Mar 28, 2020	Dec 28, 2019	Sep 28, 2019	Jun 29, 2019	Mar 30, 2019
Cash and cash equivalents	272)	242)	274)	1,099)	308)	347)	299)	373)	323)	313)	286)	440)	395)	391)	435)	1,329)	1,047)	1,016)	397)	453)	340)	272)
Marketable securities	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	250)	200)	—)	—)	—)	—)	—)
Accounts receivable, net	1,654)	1,666)	1,568)	1,876)	1,930)	1,820)	1,736)	1,985)	1,884)	1,687)	1,489)	1,680)	1,659)	1,660)	1,537)	1,626)	1,692)	1,748)	1,576)	1,643)	1,643)	1,633)
Inventories	1,185)	1,210)	1,243)	1,632)	1,706)	1,801)	1,768)	1,682)	1,678)	1,559)	1,398)	1,378)	1,365)	1,319)	1,284)	1,263)	1,230)	1,189)	1,226)	1,200)	1,234)	1,319)
Other current assets	359)	332)	245)	379)	344)	356)	383)	404)	376)	257)	221)	301)	328)	269)	226)	285)	323)	337)	232)	196)	175)	149)
Current assets held for sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	112)	—)
Current assets	3,470)	3,450)	3,330)	4,986)	4,288)	4,324)	4,186)	4,444)	4,261)	3,816)	3,394)	3,799)	3,747)	3,639)	3,482)	4,753)	4,492)	4,290)	3,431)	3,492)	3,504)	3,373)
Property, net	3,118)	3,101)	3,212)	3,762)	3,781)	3,786)	3,789)	3,564)	3,656)	3,773)	3,827)	3,753)	3,666)	3,636)	3,713)	3,484)	3,436)	3,440)	3,612)	3,493)	3,526)	3,733)
Operating lease right-of-use assets	640)	665)	661)	605)	607)	611)	617)	608)	643)	681)	640)	651)	661)	641)	658)	657)	662)	596)	541)	464)	415)	438)
Goodwill	5,043)	5,067)	5,160)	5,496)	5,517)	5,690)	5,686)	5,691)	5,744)	5,783)	5,771)	5,794)	5,783)	5,768)	5,799)	5,780)	5,768)	5,772)	5,861)	5,842)	5,871)	6,054)
Other intangibles, net	1,804)	1,828)	1,930)	2,065)	2,091)	2,297)	2,296)	2,302)	2,360)	2,409)	2,409)	2,441)	2,454)	2,449)	2,491)	2,498)	2,486)	2,503)	2,576)	2,572)	2,587)	3,349)
Investment in unconsolidated entities	107)	100)	184)	194)	323)	434)	432)	427)	426)	425)	424)	423)	394)	397)	391)	398)	399)	402)	404)	405)	407)	410)
Other assets	1,117)	1,104)	1,144)	1,587)	1,494)	1,488)	1,490)	1,980)	1,847)	1,725)	1,713)	1,546)	1,508)	1,534)	1,462)	1,352)	1,308)	1,237)	1,139)	1,231)	1,171)	1,108)
Non-current assets held for sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	1,188)	—)
Non-current assets	11,829)	11,865)	12,291)	13,709)	13,813)	14,306)	14,310)	14,572)	14,676)	14,796)	14,784)	14,608)	14,466)	14,425)	14,514)	14,169)	14,059)	13,950)	14,133)	14,007)	15,165)	15,092)
Total assets	15,299)	15,315)	15,621)	18,695)	18,101)	18,630)	18,496)	19,016)	18,937)	18,612)	18,178)	18,407)	18,213)	18,064)	17,996)	18,922)	18,551)	18,240)	17,564)	17,499)	18,669)	18,465)

Cash and cash equivalents: Cash holdings demonstrated significant volatility over the analyzed period. After a strong increase reaching a peak in March 2020, there was a sharp decline towards the end of 2020 and early 2021. The amount remained relatively stable with minor fluctuations until a notable surge in Q4 2023, followed by a return to lower levels in the subsequent quarters.
Marketable securities: Marketable securities were recorded only in two quarters during 2020, showing a moderate increase from 200 million to 250 million. No other data was provided for this item in other periods.
Accounts receivable, net: Accounts receivable remained relatively stable throughout most periods with moderate fluctuations. Peaks occurred in mid-2022 and early 2023, followed by a gradual decline towards mid-2024, indicating some variability in credit sales or collections cycles.
Inventories: Inventory levels exhibited an overall gradual increase from 2019 into early 2023, peaking at around 1800 million. However, a sharp decrease occurred in early 2024, falling back closer to 2019 levels, suggesting possible inventory optimization or changes in demand.
Other current assets: This asset category showed a steady upward trend from 2019 through mid-2022, reaching its highest values around 400 million. Following this, values fluctuated with a decline in early 2024, implying changes in miscellaneous short-term assets or prepaid expenses.
Current assets held for sale: Data for current assets held for sale was recorded only once, in Q2 2019, with a value of 112 million and absent thereafter, indicating a probable one-time reclassification or disposal event during that quarter.
Current assets: Total current assets reflected an overall upward trend peaking in late 2023 near 5000 million before dropping sharply in early 2024 to levels comparable to the early periods, closely following the pattern observed in inventories and cash.
Property, net: Net property values were fairly stable until early 2023, fluctuating in the range of approximately 3400 to 3800 million, but experienced a steady decline thereafter, decreasing to about 3100 million by mid-2024, possibly due to depreciation or asset sales.
Operating lease right-of-use assets: These assets increased from 2019 to 2020, reaching a peak near 660 million, then remained relatively constant with minor fluctuations throughout the remainder of the period, indicating steady leasing activity.
Goodwill: Goodwill demonstrated a gradual downward trend across the period, declining from over 6000 million in early 2019 to just above 5000 million by mid-2024. This may reflect impairment charges or divestitures affecting intangible assets.
Other intangibles, net: Other intangible assets consistently declined from approximately 3300 million in early 2019 to around 1800 million in mid-2024, indicating amortization or impairment impacts over time.
Investment in unconsolidated entities: This investment remained nearly stable initially but showed a marked decline starting in 2022, falling from above 400 million to about 100 million by mid-2024, implying possible divestitures or write-downs.
Other assets: Other assets increased steadily from 2019 through early 2022, peaking around 2000 million, followed by a significant decrease during 2022-2023, settling near 1100 million by mid-2024. This could reflect asset reclassifications or disposals.
Non-current assets held for sale: Only reported once in Q2 2019 at approximately 1188 million, with no subsequent data, suggesting a one-time classification event similar to current assets held for sale.
Non-current assets: Non-current assets remained relatively stable from 2019 through early 2023, fluctuating around 14,000 to 15,000 million before declining sharply to below 12,000 million in mid-2024, indicating disposals or revaluations that reduced the asset base.
Total assets: Total assets followed a similar pattern to current and non-current assets, generally stable around 18,000 million before a marked decline starting in late 2023, falling to approximately 15,300 million by mid-2024, reflecting the combined impact of declines in both current and non-current asset categories.

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Kellanova (NYSE:K)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data