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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 26, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 1,019 $ 90
Accounts receivable, less allowances of $88 and $30 1,185 1,455
Vendor receivables, less allowances of $7 and $4 155 143
Inventories—net 1,314 1,432
Prepaid expenses 93 109
Assets held for sale 10 1
Other current assets 29 32
Total current assets 3,805 3,262
Property and equipment—net 2,055 2,075
Goodwill 5,644 4,728
Other intangibles—net 913 967
Other assets 379 256
Total assets 12,796 11,288
Current liabilities:    
Cash overdraft liability 159 222
Accounts payable 1,543 1,460
Accrued expenses and other current liabilities 521 538
Current portion of long-term debt 149 142
Total current liabilities 2,372 2,362
Long-term debt 5,638 4,594
Deferred tax liabilities 250 308
Other long-term liabilities 525 315
Total liabilities 8,785 7,579
Commitments and contingencies (Note 22)
Series A Convertible Preferred Stock, $0.01 par value—25 shares authorized; 0.5 and 0.0 issued and outstanding as of September 26, 2020 and December 28, 2019 496 0
Shareholders’ equity:    
Common stock, $0.01 par value—600 shares authorized; 
 221 and 220 issued and outstanding as of 
 September 26, 2020 and December 28, 2019, respectively 2 2
Additional paid-in capital 2,886 2,845
Retained earnings 684 916
Accumulated other comprehensive loss (57) (54)
Total shareholders’ equity 3,515 3,709
Total liabilities, mezzanine equity and shareholders' equity $ 12,796 $ 11,288