Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 02, 2022	Jan. 01, 2022
Current assets:
Cash and cash equivalents	$ 197	$ 148
Accounts receivable, less allowances of $31 and $33	1,776	1,469
Vendor receivables, less allowances of $13 and $7	201	145
Inventories—net	1,793	1,686
Prepaid expenses	133	120
Assets held for sale	8	8
Other current assets	13	18
Total current assets	4,121	3,594
Property and equipment—net	2,049	2,033
Goodwill	5,625	5,625
Other intangibles—net	808	830
Deferred tax assets	6	8
Other assets	424	431
Total assets	13,033	12,521
Current liabilities:
Cash overdraft liability	202	183
Accounts payable	2,062	1,662
Accrued expenses and other current liabilities	644	610
Current portion of long-term debt	108	95
Total current liabilities	3,016	2,550
Long-term debt	4,912	4,916
Deferred tax liabilities	312	307
Other long-term liabilities	455	479
Total liabilities	8,695	8,252
Commitments and contingencies (Note 17)
Series A convertible preferred stock, $0.01 par value—25 shares authorized; 0.5 issued and outstanding as of July 2, 2022 and January 1, 2022	534	534
Shareholders’ equity:
Common stock, $0.01 par value—600 shares authorized; 224 and 223 issued and outstanding as of July 2, 2022 and January 1, 2022, respectively	2	2
Additional paid-in capital	2,994	2,970
Retained earnings	827	782
Accumulated other comprehensive loss	(19)	(19)
Total shareholders’ equity	3,804	3,735
Total liabilities, mezzanine equity and shareholders’ equity	$ 13,033	$ 12,521