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Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 03, 2021
Jan. 02, 2021
Current assets:    
Cash and cash equivalents $ 912 $ 828
Accounts receivable, less allowances of $51 and $67 1,354 1,084
Vendor receivables, less allowances of $7 and $5 177 121
Inventories—net 1,451 1,273
Prepaid expenses 160 132
Assets held for sale 10 1
Other current assets 20 26
Total current assets 4,084 3,465
Property and equipment—net 1,987 2,021
Goodwill 5,625 5,637
Other intangibles—net 874 892
Deferred tax assets 21 1
Other assets 409 407
Total assets 13,000 12,423
Current liabilities:    
Cash overdraft liability 178 136
Accounts payable 1,733 1,218
Accrued expenses and other current liabilities 538 497
Current portion of long-term debt 122 131
Total current liabilities 2,571 1,982
Long-term debt 5,616 5,617
Deferred tax liabilities 275 270
Other long-term liabilities 504 505
Total liabilities 8,966 8,374
Commitments and contingencies (Note 18)
Series A convertible preferred stock, $0.01 par value—25 shares authorized; 0.5 issued and outstanding as of April 3, 2021 and January 2, 2021 534 519
Shareholders’ equity:    
Common stock, $0.01 par value—600 shares authorized; 
 222 and 221 issued and outstanding as of 
 April 3, 2021 and January 2, 2021, respectively 2 2
Additional paid-in capital 2,908 2,901
Retained earnings 622 661
Accumulated other comprehensive loss (32) (34)
Total shareholders’ equity 3,500 3,530
Total liabilities, mezzanine equity and shareholders' equity $ 13,000 $ 12,423