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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 28, 2020
Dec. 28, 2019
ASSETS    
Cash and cash equivalents $ 5,403 $ 2,279
Trade receivables, net of allowance of $43 at March 28, 2020 and $33 at December 28, 2019 2,321 1,973
Inventories 2,831 2,721
Prepaid expenses 485 384
Other current assets 535 618
Assets held for sale 133 122
Total current assets 11,708 8,097
Property, plant and equipment, net 6,813 7,055
Goodwill 35,062 35,546
Intangible assets, net 48,259 48,652
Other non-current assets 2,231 2,100
TOTAL ASSETS 104,073 101,450
LIABILITIES AND EQUITY    
Commercial paper and other short-term debt 6 6
Current portion of long-term debt 1,242 1,022
Trade payables 3,956 4,003
Accrued marketing 681 647
Interest payable 374 384
Other current liabilities 1,664 1,804
Liabilities held for sale 11 9
Total current liabilities 7,934 7,875
Long-term debt 31,531 28,216
Deferred income taxes 11,839 11,878
Accrued postemployment costs 250 273
Other non-current liabilities 1,395 1,459
TOTAL LIABILITIES 52,949 49,701
Commitments and Contingencies (Note 16)
Redeemable noncontrolling interest 0 0
Equity:    
Common Stock, $0.01 par value (5,000 shares authorized; 1,225 shares issued and 1,222 shares outstanding at March 28, 2020; 1224 shares issued and 1,221 shares outstanding at December 28, 2019 12 12
Additional paid-in capital 56,378 56,828
Retained earnings/(deficit) (2,686) (3,060)
Accumulated other comprehensive income/(losses) (2,426) (1,886)
Treasury stock, at cost (3 shares at March 28, 2020 and 3 shares at December 28, 2019) (269) (271)
Total shareholders' equity 51,009 51,623
Noncontrolling interest 115 126
TOTAL EQUITY 51,124 51,749
TOTAL LIABILITIES AND EQUITY $ 104,073 $ 101,450