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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jul. 02, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 251 $ 775
Accounts receivable less allowances of $11 million and $9 million, respectively 1,073 876
Inventories – net 971 740
Other current assets 186 150
Total current assets 2,481 2,541
Property, plant and equipment, net 363 287
Goodwill 2,695 2,661
Other intangible assets, net 463 120
Other assets 314 244
Total assets 6,316 5,853
Current liabilities:    
Accounts payable 987 883
Current maturities of long-term debt 12 10
Accrued liabilities 580 601
Total current liabilities 1,579 1,494
Long-term debt, net of current maturities 1,410 1,220
Obligations payable under Indemnification Agreements 601 585
Other liabilities 332 302
Total liabilities 3,922 3,601
COMMITMENTS AND CONTINGENCIES
Stockholders' Equity    
Common stock, $0.001 par value, 700,000 shares authorized, 147,528 and 145,684 shares issued and outstanding as of July 2, 2022, 146,248 and 144,808 shares issued and outstanding as of December 31, 2021, respectively 0 0
Additional paid-in capital 2,147 2,121
Retained earnings 498 317
Accumulated other comprehensive loss, net (220) (165)
Treasury stock, at cost (31) (21)
Total stockholders' equity 2,394 2,252
Total liabilities and stockholders' equity $ 6,316 $ 5,853