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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 28, 2019
Dec. 29, 2018
ASSETS    
Cash and cash equivalents $ 2,315 $ 1,130
Trade receivables (net of allowances of $35 at September 28, 2019 and $24 at December 29, 2018) 1,959 2,129
Income taxes receivable 119 152
Inventories 3,158 2,667
Prepaid expenses 415 400
Other current assets 1,124 1,221
Assets held for sale 35 1,376
Total current assets 9,125 9,075
Property, plant and equipment, net 6,926 7,078
Goodwill 35,826 36,503
Intangible assets, net 48,714 49,468
Other non-current assets 2,231 1,337
TOTAL ASSETS 102,822 103,461
LIABILITIES AND EQUITY    
Commercial paper and other short-term debt 15 21
Current portion of long-term debt 2,545 377
Trade payables 4,156 4,153
Accrued marketing 458 722
Interest payable 278 408
Other current liabilities 1,658 1,767
Liabilities held for sale 2 55
Total current liabilities 9,112 7,503
Long-term debt 28,112 30,770
Deferred income taxes 12,010 12,202
Accrued postemployment costs 315 306
Other non-current liabilities 1,467 902
TOTAL LIABILITIES 51,016 51,683
Commitments and Contingencies (Note 17)
Redeemable noncontrolling interest 2 3
Equity:    
Common stock, $0.01 par value (5,000 shares authorized; 1,224 shares issued and 1,221 shares outstanding at September 28, 2019; 1,224 shares issued and 1,220 shares outstanding at December 29, 2018) 12 12
Additional paid-in capital 57,293 58,723
Retained earnings/(deficit) (3,241) (4,853)
Accumulated other comprehensive income/(losses) (2,126) (1,943)
Treasury stock, at cost (3 shares at September 28, 2019 and 4 shares at December 29, 2018) (265) (282)
Total shareholders' equity 51,673 51,657
Noncontrolling interest 131 118
TOTAL EQUITY 51,804 51,775
TOTAL LIABILITIES AND EQUITY $ 102,822 $ 103,461