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Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 03, 2021
Dec. 29, 2019
Current assets:    
Cash and cash equivalents $ 1,810 $ 2,042
Short-term investments 1,662 1,372
Accounts receivable, net 487 573
Inventory 372 359
Prepaid expenses and other current assets 152 105
Total current assets 4,483 4,451
Property and equipment, net 922 889
Operating lease right-of-use assets 532 555
Goodwill 897 824
Intangible assets, net 142 145
Deferred tax assets, net 20 64
Other assets 589 388
Total assets 7,585 7,316
Current liabilities:    
Accounts payable 192 149
Accrued liabilities 541 516
Long-term debt, current portion 511 0
Total current liabilities 1,244 665
Operating lease liabilities 671 695
Long-term debt 673 1,141
Other long-term liabilities 303 202
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10 million shares authorized; no shares issued and outstanding at January 3, 2021 and December 29, 2019 0 0
Common stock, $0.01 par value, 320 million shares authorized; 195 million shares issued and 146 million outstanding at January 3, 2021; 194 million shares issued and 147 million outstanding at December 29, 2019 2 2
Additional paid-in capital 3,815 3,560
Accumulated other comprehensive income 2 5
Retained earnings 4,723 4,067
Treasury stock, 49 million shares and 47 million shares at cost at January 3, 2021 and December 29, 2019, respectively (3,848) (3,021)
Total stockholders’ equity 4,694 4,613
Total liabilities and stockholders’ equity $ 7,585 $ 7,316