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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 03, 2022
Jan. 02, 2022
Current assets:    
Cash and cash equivalents $ 1,351 $ 1,232
Short-term investments 65 107
Accounts receivable, net 614 648
Inventory, net 465 431
Prepaid expenses and other current assets 260 295
Total current assets 2,755 2,713
Property and equipment, net 1,034 1,024
Operating lease right-of-use assets 706 672
Goodwill 7,113 7,113
Intangible assets, net 3,209 3,250
Other assets 457 445
Total assets 15,274 15,217
Current liabilities:    
Accounts payable 291 332
Accrued liabilities 700 761
Term notes, current portion 499 0
Total current liabilities 1,490 1,093
Operating lease liabilities 803 774
Term notes 495 993
Convertible senior notes 746 702
Other long-term liabilities 845 915
Stockholders’ equity:    
Common stock 2 2
Additional paid-in capital 8,957 8,938
Accumulated other comprehensive income 18 17
Retained earnings 5,632 5,485
Treasury stock, at cost (3,714) (3,702)
Total stockholders’ equity 10,895 10,740
Total liabilities and stockholders’ equity $ 15,274 $ 15,217