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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 02, 2022
Jan. 02, 2022
Current assets:    
Cash and cash equivalents $ 1,000 $ 1,232
Short-term investments 41 107
Accounts receivable, net 628 648
Inventory, net 559 431
Prepaid expenses and other current assets 259 295
Total current assets 2,487 2,713
Property and equipment, net 1,068 1,024
Operating lease right-of-use assets 680 672
Goodwill 3,238 7,113
Intangible assets, net 3,335 3,250
Other assets 448 445
Total assets 11,256 15,217
Current liabilities:    
Accounts payable 281 332
Accrued liabilities 1,142 761
Term notes, current portion 499 0
Convertible senior notes, current portion 747 0
Total current liabilities 2,669 1,093
Operating lease liabilities 748 774
Term notes 495 993
Convertible senior notes 0 702
Other long-term liabilities 613 915
Stockholders’ equity:    
Common stock 2 2
Additional paid-in capital 9,129 8,938
Accumulated other comprehensive income 39 17
Retained earnings 1,281 5,485
Treasury stock, at cost (3,720) (3,702)
Total stockholders’ equity 6,731 10,740
Total liabilities and stockholders’ equity $ 11,256 $ 15,217