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CONSOLIDATED AND COMBINED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 29, 2018
Current assets:    
Cash and cash equivalents $ 55 $ 23
Accounts receivable, net of allowance of $7 and $7 458 431
Inventory, net 556 564
Other receivables 61 49
Prepaid expenses and other 42 19
Total current assets 1,172 1,086
Non-current assets:    
Property and equipment, net of accumulated depreciation of $85 and $74 100 69
Operating lease right-of-use assets (Note 12) 60  
Goodwill (Note 5) 2,102 750
Other intangibles, net of accumulated amortization of $297 and $241 717 208
Investments and other 39 120
Total assets 4,190 2,233
Current liabilities:    
Accounts payable 425 441
Current maturities of long-term debt and other borrowings (Note 11) 32 1
Accrued expenses:    
Payroll and related 41 37
Taxes 38 17
Other 138 77
Total current liabilities 674 573
Non-current liabilities:    
Long-term debt and other borrowings, net (Note 11) 1,154 24
Deferred taxes 28 16
Other liabilities 74 35
Total liabilities 1,930 648
Commitments and contingencies (Note 8)
Redeemable non-controlling interests (Note 7) 13 92
Shareholders' Equity:    
Common stock, $0.01 par value per share, 675,000,000 shares authorized as of June 30, 2019; 111,932,491 shares issued and outstanding as of June 30, 2019 1 0
Net parent investment 0 1,576
Accumulated other comprehensive loss (Note 9) (78) (83)
Additional paid-in capital 2,357 0
Accumulated deficit (33) 0
Total shareholders’ equity 2,247 1,493
Total liabilities, redeemable non-controlling interests, and shareholders’ equity $ 4,190 $ 2,233