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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jul. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 381 $ 326
Accounts receivable, net 1,043 1,002
Inventories, net 1,001 975
Other current assets 197 199
Total current assets 2,622 2,502
Property, plant and equipment, net 388 366
Goodwill 2,737 2,724
Total intangible assets 467 475
Other assets 322 320
Total assets 6,536 6,387
Current liabilities:    
Accounts payable 948 894
Current portion of long-term debt 12 12
Accrued liabilities 564 640
Total current liabilities 1,524 1,546
Long-term debt 1,400 1,404
Obligations payable under Indemnification Agreements 591 580
Other liabilities 344 328
Total liabilities 3,859 3,858
COMMITMENTS AND CONTINGENCIES
Stockholders’ equity    
Common stock, $0.001 par value: 700 shares authorized, 151 and 148 shares issued and outstanding at July 1, 2023, and 148 and 146 shares issued and outstanding at December 31, 2022, respectively 0 0
Additional paid-in capital 2,204 2,176
Retained earnings 707 600
Accumulated other comprehensive loss, net (184) (212)
Treasury stock at cost (50) (35)
Total stockholders’ equity 2,677 2,529
Total liabilities and stockholders’ equity $ 6,536 $ 6,387