XML 17 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Millions
Dec. 31, 2022
Jan. 01, 2022
Current assets:    
Cash and cash equivalents $ 211 $ 148
Accounts receivable, less allowances of $30 and $33 1,705 1,469
Vendor receivables, less allowances of $8 and $7 143 145
Inventories—net 1,616 1,686
Prepaid expenses 124 120
Assets Held-for-sale, Not Part of Disposal Group, Current 2 8
Other current assets 19 18
Total current assets 3,820 3,594
Property and equipment—net 2,171 2,033
Goodwill 5,625 5,625
Other intangibles—net 785 830
Deferred tax assets 0 8
Other assets 372 431
Total assets 12,773 12,521
Current liabilities:    
Cash overdraft liability 175 183
Accounts payable 1,855 1,662
Accrued Liabilities, Current 650 610
Current portion of long-term debt 116 95
Total current liabilities 2,796 2,550
Long-term debt 4,738 4,916
Noncurrent deferred tax liability 298 307
Other long-term liabilities 446 479
Total liabilities 8,278 8,252
Commitments and contingencies (Note 22)
Series A convertible preferred stock, $0.01 par value—25 shares authorized; 0.5 issued and outstanding as of December 31, 2022 and January 1, 2022 534 534
Shareholders’ equity:    
Common stock, $0.01 par value—600 shares authorized; 225 and 223 issued and outstanding as of December 31, 2022 and January 1, 2022, respectively 2 2
Additional paid-in capital 3,036 2,970
Retained earnings 1,010 782
Accumulated other comprehensive loss (73) (19)
Total shareholders’ equity 3,961 3,735
Total liabilities, mezzanine equity and shareholders’ equity $ 12,773 $ 12,521
Treasury Stock, Shares 500 0
Treasury Stock, Value $ (14) $ 0