x
|
ANNUAL
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF
1934
|
o
|
TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF
1934
|
WALGREEN
CO.
|
||
(Exact
name of registrant as specified in its charter)
|
||
Illinois
|
36-1924025
|
|
(State
of incorporation)
|
(I.R.S.
Employer Identification No.)
|
|
200
Wilmot Road, Deerfield, Illinois
|
60015
|
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Title
of each class
|
Name
of each exchange on which registered
|
|
Common
Stock ($.078125 Par Value)
|
New
York Stock Exchange
|
|
The
NASDAQ Stock Market LLC
|
||
Chicago
Stock Exchange
|
Item
1.
|
Business
|
(a)
|
General
development of business.
|
(b)
|
Financial
information about industry
segments.
|
(c)
|
Narrative
description of business.
|
(i)
|
Principal
products produced and services
rendered.
|
Product
Class
|
Percentage
|
||
2006
|
2005
|
2004
|
|
Prescription
Drugs
|
64
|
64
|
63
|
Non-prescription
Drugs
|
11
|
11
|
12
|
General
Merchandise
|
25
|
25
|
25
|
Total
Sales
|
100
|
100
|
100
|
(ii)
|
Status
of a product or segment.
|
(iii)
|
Sources
and availability of raw materials.
|
(iv)
|
Patents,
trademarks, licenses, franchises and concessions
held.
|
(v)
|
Seasonal
variations in business.
|
(vi)
|
Working
capital practices.
|
(vii)
|
Dependence
upon limited number of customers.
|
(viii)
|
Backlog
orders.
|
(ix)
|
Government
contracts.
|
(x)
|
Competitive
conditions.
|
(xi)
|
Research
and development activities.
|
(xii)
|
Environmental
disclosures.
|
(xiii)
|
Number
of employees.
|
(d)
|
Financial
information about foreign and domestic operations and export
sales.
|
(e)
|
Available
information
|
Item
2.
|
Properties
|
Item
3.
|
Legal
Proceedings
|
Item
4.
|
Submission
of Matters to a Vote of Security
Holders
|
NAME
AND BUSINESS EXPERIENCE
|
AGE
|
OFFICE
HELD
|
||
David
W. Bernauer
|
62
|
Chairman
|
||
Chairman
of the Board since January 2003
|
||||
Chief
Executive Officer January 2002 to
July
2006
|
||||
President
and Chief Operating Officer January 1999 to January 2003
|
||||
Director
since January 1999
|
||||
Mr.
Bernauer is currently a director of Office Depot, Inc.
|
||||
Jeffrey
A. Rein
|
54
|
President
and Chief Executive Officer
|
||
President
and Chief Executive Officer since July 2006
|
||||
President
and Chief Operating Officer January 2003 to July 2006
|
||||
Executive
Vice President February 2001 to January 2003
|
||||
Director
since January 2003
|
||||
George
J. Riedl
|
46
|
Executive
Vice President
|
||
Executive
Vice President since January 2006
|
||||
Senior
Vice President January 2003 to
January
2006
|
||||
Divisional
Vice President December 2001 to January 2003
|
||||
General
Merchandise Manager January 2000 to December 2001
|
||||
Trent
E. Taylor
|
49
|
Executive
Vice President
|
||
Executive
Vice President since October 2005
|
||||
Senior
Vice President January 2002 to October 2005
|
||||
Chief
Information Officer since January 1999
|
||||
Mark
A. Wagner
|
45
|
Executive
Vice President
|
||
Executive
Vice President since March 2006
|
||||
Senior
Vice President February 2002 to
March
2006
|
||||
Treasurer
February 2000 to February 2002
|
||||
NAME
AND BUSINESS EXPERIENCE
|
AGE
|
OFFICE
HELD
|
||
Gregory
D. Wasson
|
48
|
Executive
Vice President
|
||
Executive
Vice President since October 2005
|
||||
Senior
Vice President February 2004 to October 2005
|
||||
Vice
President October 2001 to February 2004
|
||||
President,
Walgreens Health Initiatives Inc. since March 2002
|
||||
Executive
Vice President, Walgreens Health Initiatives, Inc. October 2001 to
March
2002
|
||||
Operations
Vice President February 1999 to October 2001
|
||||
R.
Bruce Bryant
|
56
|
Senior
Vice President
|
||
Senior
Vice President since September 2000
|
||||
John
W. Gleeson
|
60
|
Senior
Vice President and Treasurer
|
||
Senior
Vice President since February 2004
|
||||
Treasurer
since February 2002
|
||||
Vice
President February 2000 to February 2004
|
||||
Dana
I. Green
|
56
|
Senior
Vice President, General Counsel and Corporate Secretary
|
||
Senior
Vice President, General Counsel and Corporate Secretary since January
2005
|
||||
Senior
Vice President February 2004 to January 2005
|
||||
Vice
President May 2000 to February 2004
|
||||
William
M. Handal
|
57
|
Senior
Vice President
|
||
Senior
Vice President since March 2006
|
||||
Operations
Vice President September 2000 to
March
2006
|
||||
Robert
M. Kral
|
52
|
Senior
Vice President
|
||
Senior
Vice President since January 2006
|
||||
Vice
President October 2004 to January 2006
|
||||
Operations
Vice President September 2000 to October 2004
|
||||
J.
Randolph Lewis
|
56
|
Senior
Vice President
|
||
Senior
Vice President since January 2000
|
||||
Barry
L. Markl
|
61
|
Senior
Vice President
|
||
Senior
Vice President since April 2004
|
||||
Operations
Vice President August 1986 to April 2004
|
||||
William
M. Rudolphsen
|
51
|
Senior
Vice President and Chief Financial Officer
|
||
Senior
Vice President and Chief Financial Officer since January
2004
|
||||
Controller
January 1998 to January 2004
|
NAME
AND BUSINESS EXPERIENCE
|
AGE
|
OFFICE
HELD
|
|
William
A. Shiel
|
56
|
Senior
Vice President
|
|
Senior
Vice President since July 1993
|
|||
Kevin
P. Walgreen*
|
45
|
Senior
Vice President
|
|
Senior
Vice President since January 2006
|
|||
Operations
Vice President January 1995 to
January
2006
|
|||
Kermit
R. Crawford
|
47
|
Vice
President
|
|
Vice
President since October 2005
|
|||
Executive
Vice President, Walgreens Health Initiatives, Inc. since October
2005
|
|||
Vice
President, Walgreens Health Initiatives, Inc. September 2004 to October
2005
|
|||
Operations
Vice President October 2000 to September 2004
|
|||
Donald
C. Huonker, Jr.
|
45
|
Vice
President
|
|
Vice
President since April 2006
|
|||
Vice
President, Pharmacy Services April 2005
to
April 2006
|
|||
Operations
Vice President April 2003 to
April
2005
|
|||
Director,
Drug Store Administration January 2002 to April 2003
|
|||
District
Manager-Special Assignment, SIMS Plus March 2001 to January
2002
|
|||
Kenneth
R. Weigand
|
49
|
Vice
President
|
|
Vice
President since January 2005
|
|||
Divisional
Vice President May 2000 to January 2005
|
|||
Robert
G. Zimmerman
|
54
|
Vice
President
|
|
Vice
President since April 2006
|
|||
Chief
Administration and Finance Officer, Walgreens Health Initiatives,
Inc.
since April 2006
|
|||
Divisional
Vice President, Walgreens Health Initiatives, Inc. September 2001
to April
2006
|
|||
Chester
G. Young
|
61
|
General
Auditor
|
|
Divisional
Vice President since January 1995
|
|||
General
Auditor since June 1988
|
|||
Mia
M. Scholz
|
40
|
Controller
|
|
Divisional
Vice President and Controller since
January 2004
|
|||
Director
of Internal Audit November 1999 to January 2004
|
Item
5.
|
Market
for Registrant's Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities
|
Quarter
Ended
|
2006
|
2005
|
November
|
$.0650
|
$.0525
|
February
|
.0650
|
.0525
|
May
|
.0650
|
.0525
|
August
|
.0775
|
.0650
|
Fiscal
Year
|
$.2725
|
$.2225
|
Issuer
Purchases of Equity Securities
|
||||
Period
|
Total
Number of Shares Purchased (1)
|
Average
Price Paid per Share
|
Total
Number of Shares Purchased as Part of Publicly Announced Plans or
Programs
(2)
|
Approximate
Dollar Value of Shares that May Yet Be Purchased Under the Plans
or
Programs (2)
|
06/01/2006
- 06/30/2006
|
-
|
$ -
|
-
|
$ 390,263,859
|
07/01/2006-
07/31/2006
|
528,000
|
46.52
|
228,000
|
379,630,383
|
08/01/2006-08/31/2006
|
2,520,000
|
48.93
|
745,000
|
343,226,823
|
Total
|
3,048,000
|
$ 48.51
|
973,000
|
$ 343,226,823
|
Item
6.
|
Selected
Financial Data
|
Item
7.
|
Management's
Discussion and Analysis of Financial Condition and Results of
Operations
|
Item
7A.
|
Qualitative
and Quantitative Disclosures about Market
Risk
|
Item
8.
|
Financial
Statements and Supplementary
Data
|
Item
9.
|
Changes
in and Disagreements with Accountants on Accounting and Financial
Disclosure
|
Item
9A.
|
Controls
and Procedures
|
Item
15.
|
Exhibits
and Financial Statement
Schedules
|
(a)
|
Documents
filed as part of this report
|
(1)
|
The
following financial statements, supplementary data, and report of
independent public accountants appearing in the 2006 Annual Report
are
incorporated herein by reference.
|
Annual
Report Page Number
|
|
Consolidated
Statements of Earnings and Shareholders' Equity for the years ended
August
31, 2006, 2005 and 2004
|
23
|
Consolidated
Balance Sheets at August 31, 2006 and 2005
|
24
|
Summary
of Major Accounting Policies
|
26-27
|
Notes
to Consolidated Financial Statements
|
28-31
|
Management's
Report on Internal Control
|
32
|
Reports
of Independent Registered Public Accounting Firm
|
32-33
|
Listing
of stores by state
|
Back
cover
|
(2)
|
The
following financial statement schedule and related report of the
independent registered public accounting firm is included
herein.
|
10-K
Page Number
|
|
Schedule
II Valuation and Qualifying Accounts
|
20
|
Report
of Independent Registered Public Accounting Firm
|
21
|
(3)
|
Exhibits
10(a) through 10(r) constitute management contracts or compensatory
plans
or arrangements required to be filed as exhibits pursuant to Item
15(b) of
this Form 10-K.
|
(b)
|
Exhibits
|
3.
|
(a)
|
Articles
of Incorporation of the company, as amended, filed with the Securities
and
Exchange Commission as Exhibit 3(a) to the company's Quarterly Report
on
Form 10-Q for the quarter ended February 28, 1999, and incorporated
by
reference herein.
|
|
(b)
|
By-Laws
of the company, as amended and restated effective as of July 9, 2003,
filed with the Securities and Exchange Commission as Exhibit 3(b)
to the
company's Quarterly Report on Form 10-Q for the quarter ended November
30,
2003, and incorporated by reference herein.
|
||
10.
|
(a)
|
Top
Management Long-Term Disability Plan. (Note 3)
|
||
(b)
|
Executive
Short-Term Disability Plan Description. (Note 3)
|
|||
(c)
|
Walgreen
Co. Management Incentive Plan (as restated effective September 1,
2003),
filed with the Securities and Exchange Commission as Exhibit 10(c)
to the
company's Annual Report on Form 10-K for the fiscal year ended August
31,
2003, and incorporated by reference herein.
|
|||
(d)
|
(i)
|
Walgreen
Co. Restricted Performance Share Plan, as amended, filed with the
Securities and Exchange Commission as Exhibit 10(a) to the company's
Quarterly Report on Form 10-Q for the quarter ended February 28,
1997
(File No. 1-604), and incorporated by reference herein.
|
||
(ii)
|
Walgreen
Co. Restricted Performance Share Plan Amendment No. 5 (effective
October
9, 1996) filed with the Securities and Exchange Commission as Exhibit
10
(a) to the company's Quarterly Report on Form 10-Q for the quarter
ended
November 30, 2003 and incorporated by reference herein.
|
|||
(e)
|
(i)
|
Walgreen
Co. Executive Stock Option Plan (effective January 11, 2006), as
amended
and restated, filed with the Securities and Exchange Commission on
January
17, 2006 as Exhibit 10.1 to the company's Current Report on Form
8-K and
incorporated by reference herein.
|
||
(ii)
|
Form
of Stock Option Agreement (Grades 12 through 17), filed with the
Securities and Exchange Commission as Exhibit 10(e)(ii) to the company's
Annual Report on Form 10-K for the fiscal year ended August 31, 2004,
and
incorporated by reference herein.
|
|||
(iii)
|
Form
of Stock Option Agreement (Grades 18 and above), filed with the Securities
and Exchange Commission as Exhibit 10(e)(iii) to the company's annual
Report on Form 10-K for the fiscal year ended August 31, 2004, and
incorporated by reference herein.
|
|||
(f)
|
(i)
|
Walgreen
Co. 1986 Director's Deferred Fee/Capital Accumulation Plan. (Note
1)
|
||
(ii)
|
Walgreen
Co. 1987 Director's Deferred Fee/Capital Accumulation Plan. (Note
2)
|
|||
(iii)
|
Walgreen
Co. 1988 Director's Deferred Fee/Capital Accumulation Plan. (Note
4)
|
|||
(iv)
|
Walgreen
Co. 1992 Director's Deferred Retainer Fee/Capital Accumulation Plan.
(Note
8)
|
|||
(g)
|
(i)
|
Walgreen
Co. 1986 Executive Deferred Compensation/Capital Accumulation Plan.
(Note
1)
|
||
(ii)
|
Walgreen
Co. 1988 Executive Deferred Compensation/Capital Accumulation Plan.
(Note
4)
|
|||
(iii)
|
Amendments
to Walgreen Co. 1986 and 1988 Executive Deferred Compensation/Capital
Accumulation Plans. (Note 6)
|
|||
(iv)
|
Walgreen
Co. 1992 Executive Deferred Compensation/Capital Accumulation Plan
Series
1. (Note 8)
|
|||
(v)
|
Walgreen
Co. 1992 Executive Deferred Compensation/Capital Accumulation Plan
Series
2. (Note 8)
|
|||
See
Notes on page 19.
|
(g)
|
(vi)
|
Walgreen
Co. 1997 Executive Deferred Compensation/Capital Accumulation Plan
Series
I, filed with the Securities and Exchange Commission as Exhibit 10(c)
to
the company's Quarterly Report on Form 10-Q for the quarter ended
February
28, 1997 (File No. 1-604), and incorporated by reference
herein.
|
|||||
(vii)
|
Walgreen
Co. 1997 Executive Deferred Compensation/Capital Accumulation Plan
Series
2, filed with the Securities and Exchange Commission as Exhibit 10(d)
to
the company's Quarterly Report on Form 10-Q for the quarter ended
February
28, 1997 (File No. 1-604), and incorporated by reference
herein.
|
||||||
(viii)
|
Walgreen
Co. 2001 Executive Deferred Compensation/Capital Accumulation Plan
filed
with the Securities and Exchange Commission as Exhibit 10(g) to the
company's Annual Report on Form 10-K for the fiscal year ended August
31,
2001 and incorporated by reference herein.
|
||||||
(ix)
|
Walgreen
Co. 2002 Executive Deferred Compensation/Capital Accumulation Plan
filed
with the Securities and Exchange Commission as Exhibit 10(g) to the
company's Annual Report on Form 10-K for the fiscal year ended August
31,
2002, and incorporated by reference herein.
|
||||||
(x)
|
Walgreen
Co. 2006 Executive Deferred Compensation/Capital Accumulation Plan
(effective January 1, 2006), filed with the Securities and Exchange
Commission as Exhibit 10(b) to the company's Quarterly Report on
Form 10-Q
for the fiscal quarter ended November 30, 2005, and incorporated
by
reference herein.
|
||||||
(h)
|
(i)
|
Share
Walgreens Stock Purchase/Option Plan (effective October 1, 1992),
as
amended, filed with the Securities and Exchange Commission as Exhibit
10(d) to the company's Quarterly Report on Form 10-Q for the quarter
ended
February 28, 2003, and incorporated by reference
herein.
|
|||||
(ii)
|
Share
Walgreens Stock Purchase/Option Plan Amendment No. 4 (effective July
15,
2005), as amended, filed with the Securities and Exchange Commission
as
Exhibit 10(h)(ii) to the company's Annual Report on Form 10-K for
the
fiscal year ended August 31, 2005, and incorporated by reference
herein.
|
||||||
(i)
|
(i)
|
Form
of Change of Control Employment Agreements. (Note 5)
|
|||||
(ii)
|
Amendment
to Employment Agreements adopted July 12, 1989. (Note
7)
|
||||||
(j)
|
(i)
|
Walgreen
Select Senior Executive Retiree Medical Expense Plan, filed with
the
Securities and Exchange Commission as Exhibit 10(j) to the company's
Annual Report on Form 10-K for the fiscal year ended August 31, 1996
(File
No. 1-604), and incorporated by reference herein.
|
|||||
(ii)
|
Walgreen
Select Senior Executive Retiree Medical Expense Plan Amendment No.
1
(effective August 1, 2002), filed with the Securities and Exchange
Commission as Exhibit 10(a) to the company's Quarterly Report on
Form 10-Q
for the quarter ended February 28, 2003 and incorporated by reference
herein.
|
||||||
(k)
|
Walgreen
Co. Profit-Sharing Restoration Plan (as restated effective January
1,
2003), filed with the Securities and Exchange Commission as Exhibit
10(b)
to the company's Quarterly Report on Form 10-Q for the quarter ended
May
31, 1993, and incorporated by reference herein.
|
||||||
(l)
|
Walgreen
Co. Retirement Plan for Outside Directors. (Note 7)
|
||||||
See
Notes on page 19.
|
(m)
|
(i)
|
Walgreen
Section 162(m) Deferred Compensation Plan (effective October 12,
1994),
filed with the Securities and Exchange Commission as Exhibit 10(d)
to the
company's Quarterly Report on Form 10-Q for the quarter ended November
30,
1994 (File No. 1-604), and incorporated by reference
herein.
|
|||
(ii)
|
Walgreen
Section 162(m) Deferred Compensation Plan Amendment No. 1 (effective
July
9, 2003), filed with the Securities and Exchange Commission as Exhibit
10(n) to the company's Annual Report on Form 10-K for the fiscal
year
ended August 31, 2003, and incorporated by reference
herein.
|
||||
(n)
|
(i)
|
Walgreen
Co. Nonemployee Director Stock Plan (effective January 14, 2004),
as
amended and restated, filed with the Securities and Exchange Commission
as
Exhibit 10(a) to the company's Quarterly Report on Form 10-Q for
the
quarter ended February 29, 2004, and incorporated by reference
herein.
|
|||
(ii)
|
Walgreen
Co. Nonemployee Director Stock Plan Amendment No. 1 (effective October
12,
2005), filed with the Securities and Exchange Commission as Exhibit
10(a)
to the company's Quarterly Report on Form 10-Q for the quarter ended
November 30, 2005, and incorporated by reference
herein.
|
||||
(o)
|
Walgreen
Co. Option 3000 Plan (effective May 2, 2000), filed with the Securities
and Exchange Commission as Exhibit 10(e) to the company's Quarterly
Report
on Form 10-Q for the quarter ended February 28, 2003, and incorporated
by
reference herein.
|
||||
(p)
|
(i)
|
Walgreen
Co. Broad-Based Stock Option Plan (effective July 10, 2002), filed
with
the Securities and Exchange Commission as Exhibit 10(p) to the company's
Annual Report on Form 10-K for the fiscal year ended August 31, 2002,
and
incorporated by reference herein.
|
|||
(ii)
|
Walgreen
Co. Broad-Based Employee Stock Option Plan Amendment No. 1 (effective
April 1, 2003), filed with the Securities and Exchange Commission
as
Exhibit 10(c) to the company's Quarterly Report on Form 10-Q for
the
quarter ended May 31, 2003, and incorporated by reference
herein.
|
||||
(q)
|
Summary
of Walgreen Co. Director Compensation, filed with the Securities
and
Exchange Commission on July 17, 2006 as Exhibit 10.1 to the company's
Current Report on Form 8-K, and incorporated by reference
herein.
|
||||
(r)
|
Form
of Memorandum Summarizing Executive Retirement Benefits, filed with
the
Securities and Exchange Commission as Exhibit 10(a) to the company's
Quarterly Report on Form 10-Q for the fiscal quarter ended February
28,
2005, and incorporated by reference herein.
|
||||
11.
|
The
required information for this Exhibit is contained in the Consolidated
Statements of Earnings and Shareholders Equity for the years ended
August
31, 2006, 2005 and 2004 and also in the Summary of Major Accounting
Policies, each appearing in the Annual Report and previously referenced
in
Part IV, Item 15, Section (a)(1).
|
||||
13.
|
Annual
Report to shareholders for the fiscal year ended August 31, 2006.
This
report, except for those portions thereof which are expressly incorporated
by reference in this Form 10-K, is being furnished for the information
of
the Securities and Exchange Commission and is not deemed to be "filed"
as
a part of the filing of this Form 10-K.
|
||||
21.
|
Subsidiaries
of the Registrant.
|
||||
23.
|
Consent
of Independent Registered Accounting Firm.
|
||||
See
Notes on page 19.
|
31.1
|
Certification
of the Chief Executive Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002, filed with the Securities and Exchange
Commission as Exhibit 31.1 to the company's Annual Report on Form
10-K for
the fiscal year ended August 31, 2006.
|
|
31.2
|
Certification
of the Chief Financial Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002, filed with the Securities and Exchange
Commission as Exhibit 31.2 to the company's Annual Report on Form
10-K for
the fiscal year ended August 31, 2006.
|
|
32.1
|
Certification
of the Chief Executive Officer pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, filed with the
Securities and Exchange Commission as Exhibit 32.1 to the company's
Annual
Report on Form 10-K for the fiscal year ended August 31,
2006.
|
|
32.2
|
Certification
of the Chief Financial Officer pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, filed with the
Securities and Exchange Commission as Exhibit 32.2 to the company's
Annual
Report on Form 10-K for the fiscal year ended August 31,
2006.
|
Notes
|
|||
(Note
1)
|
Filed
with the Securities and Exchange Commission as Exhibit 10 to the
company's
Annual Report on Form 10-K for the fiscal year ended August 31, 1986
(File
No. 1-604), and incorporated by reference herein.
|
||
(Note
2)
|
Filed
with the Securities and Exchange Commission as Exhibit 10 to the
company's
Quarterly Report on Form 10-Q for the quarter ended November 30,
1986
(File No. 1-604), and incorporated by reference herein.
|
||
(Note
3)
|
Filed
with the Securities and Exchange Commission as Exhibit 10 to the
company's
Annual Report on Form 10-K for the fiscal year ended August 31, 1990
(File
No. 1-604), and incorporated by reference herein.
|
||
(Note
4)
|
Filed
with the Securities and Exchange Commission as Exhibit 10 to the
company's
Quarterly Report on Form 10-Q for the quarter ended November 30,
1987
(File No. 1-604), and incorporated by reference herein.
|
||
(Note
5)
|
Filed
with the Securities and Exchange Commission as Exhibit 10 to the
company's
Current Report on Form 8-K dated October 18, 1988 (File No. 1-604),
and
incorporated by reference herein.
|
||
(Note
6)
|
Filed
with the Securities and Exchange Commission as Exhibit 10 to the
company's
Quarterly Report on Form 10-Q for the quarter ended November 30,
1988
(File No. 1-604), and incorporated by reference herein.
|
||
(Note
7)
|
Filed
with the Securities and Exchange Commission as Exhibit 10 to the
company's
Annual Report on Form 10-K for the fiscal year ended August 31, 1989
(File
No. 1-604), and incorporated by reference herein.
|
||
(Note
8)
|
Filed
with the Securities and Exchange Commission as Exhibit 10 to the
company's
Annual Report on Form 10-K for the fiscal year ended August 31, 1992
(File
No. 1-604), and incorporated by reference
herein.
|
Classification
|
Balance
at Beginning of Period
|
Additions
Charged to Costs and Expenses
|
Deductions
|
Balance
at End of Period
|
|||||||||
Allowances
deducted from receivables for doubtful accounts -
|
|||||||||||||
Year
Ended August 31, 2006
|
$
|
45.3
|
$
|
58.3
|
$
|
(46.3
|
)
|
$
|
57.3
|
||||
Year
Ended August 31, 2005
|
$
|
28.3
|
$
|
50.4
|
$
|
(33.4
|
)
|
$
|
45.3
|
||||
Year
Ended August 31, 2004
|
$
|
27.1
|
$
|
31.2
|
$
|
(30.0
|
)
|
$
|
28.3
|
WALGREEN
CO.
|
||||||
(Registrant)
|
||||||
By
|
||||||
/s/
|
William
M. Rudolphsen
|
Senior
Vice President and
|
Date:
10/31/2006
|
|||
William
M. Rudolphsen
|
Chief
Financial Officer
|
Name
|
Title
|
Date
|
||||
/s/
|
David
W. Bernauer
|
Chairman
of the Board and
|
10/31/2006
|
|||
David
W. Bernauer
|
Director
|
|||||
/s/
|
Jeffrey
A. Rein
|
President,
Chief Executive
|
10/31/2006
|
|||
Jeffrey
A. Rein
|
Officer
and Director
|
|||||
(Principal
Executive Officer)
|
||||||
/s/
|
William
M. Rudolphsen
|
Senior
Vice President and
|
10/31/2006
|
|||
William
M. Rudolphsen
|
Chief
Financial Officer
|
|||||
(Principal
Financial
|
||||||
Officer)
|
||||||
/s/
|
Mia
M. Scholz
|
Controller
(Principal
|
10/31/2006
|
|||
Mia
M. Scholz
|
Accounting
Officer)
|
|||||
/s/
|
William
C. Foote
|
Director
|
10/31/2006
|
|||
William
C. Foote
|
||||||
/s/
|
James
J. Howard
|
Director
|
10/31/2006
|
|||
James
J. Howard
|
||||||
/s/
|
Alan
G. McNally
|
Director
|
10/31/2006
|
|||
Alan
G. McNally
|
||||||
/s/
|
Cordell
Reed
|
Director
|
10/31/2006
|
|||
Cordell
Reed
|
||||||
/s/
|
Nancy
M. Schlichting
|
Director
|
10/31/2006
|
|||
Nancy
M. Schlichting
|
||||||
/s/
|
David
Y. Schwartz
|
Director
|
10/31/2006
|
|||
David
Y. Schwartz
|
||||||
/s/
|
John
B. Schwemm
|
Director
|
10/31/2006
|
|||
John
B. Schwemm
|
||||||
/s/
|
James
A. Skinner
|
Director
|
10/31/2006
|
|||
James
A. Skinner
|
||||||
/s/
|
Marilou
M. von Ferstel
|
Director
|
10/31/2006
|
|||
Marilou
M. von Ferstel
|
||||||
/s/
|
C.R.
Walgreen III
|
Director
|
10/31/2006
|
|||
C.R.
Walgreen III
|