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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 29, 2025
Dec. 29, 2024
Current assets:    
Cash and cash equivalents $ 934 $ 1,127
Short-term investments 221 93
Accounts receivable, net 701 735
Inventory, net 575 547
Prepaid expenses and other current assets 210 244
Total current assets 2,641 2,746
Property and equipment, net 764 815
Operating lease right-of-use assets 397 419
Goodwill 1,113 1,113
Intangible assets, net 238 295
Deferred tax assets, net 534 567
Other assets 400 348
Total assets 6,087 6,303
Current liabilities:    
Accounts payable 200 221
Accrued liabilities 762 827
Term debt, current portion 499 499
Total current liabilities 1,461 1,547
Operating lease liabilities 528 554
Term debt 1,492 1,490
Other long-term liabilities 348 339
Stockholders’ equity:    
Common stock 2 2
Additional paid-in capital 7,676 7,525
Accumulated other comprehensive (loss) income (21) 22
Accumulated deficit (876) (1,242)
Treasury stock, at cost (4,523) (3,934)
Total stockholders’ equity 2,258 2,373
Total liabilities and stockholders’ equity $ 6,087 $ 6,303