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CONSOLIDATED AND COMBINED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 29, 2018
Current assets:    
Cash and cash equivalents $ 73 $ 23
Accounts receivable, net of reserves $7 and $7 461 431
Inventory, net 594 564
Other receivables 59 49
Prepaid expenses and other 32 19
Total current assets 1,219 1,086
Property and equipment, net of accumulated depreciation of $93 and $74 94 69
Operating lease right-of-use assets 62  
Goodwill 2,105 750
Other intangibles, net of accumulated amortization of $264 and $241 728 208
Investments and other 61 120
Total assets 4,269 2,233
Current liabilities:    
Accounts payable 431 441
Current maturities of long-term debt and other borrowings 36 1
Accrued expenses:    
Payroll and related 40 37
Taxes 19 17
Other 144 77
Total current liabilities 670 573
Long-term debt and other borrowings, net 1,167 24
Deferred taxes, net 51 16
Other liabilities 70 35
Total liabilities 1,958 648
Commitments and contingencies (Note 8)
Redeemable noncontrolling interests 17 92
Stockholders' Equity:    
Common stock, $0.01 par value, 675,000,000 shares authorized as of March 31, 2019; 111,576,343 shares issued and outstanding as of March 31, 2019 1 0
Net parent investment 0 1,576
Accumulated other comprehensive income (loss) (82) (83)
Additional paid-in capital 2,396 0
Accumulated deficit (21) 0
Total stockholders’ equity 2,294 1,493
Total liabilities, redeemable noncontrolling interests and stockholders’ equity $ 4,269 $ 2,233