XML 45 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED AND COMBINED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 29, 2018
Current assets:    
Cash and cash equivalents $ 68 $ 23
Accounts receivable, net of allowance of $7 and $7 466 431
Inventory, net 598 564
Other receivables 77 49
Prepaid expenses and other 35 19
Total current assets 1,244 1,086
Non-current assets:    
Property and equipment, net of accumulated depreciation of $90 and $74 104 69
Operating lease right-of-use assets, net (Note 13) 75 0
Goodwill (Note 5) 1,156 750
Other intangibles, net (Note 5) 679 208
Investments and other 70 120
Total assets 3,328 2,233
Current liabilities:    
Accounts payable 483 441
Current maturities of long-term debt and other borrowings (Note 11) 47 1
Accrued expenses:    
Payroll and related 51 37
Taxes 26 17
Other 144 77
Total current liabilities 751 573
Non-current liabilities:    
Long-term debt and other borrowings, net (Note 11) 1,141 24
Deferred taxes 11 16
Other liabilities 86 35
Total liabilities 1,989 648
Commitments and contingencies (Note 8)
Redeemable non-controlling interests (Note 7) 10 92
Shareholders' equity:    
Common stock, $0.01 par value per share, 675,000,000 shares authorized as of September 30, 2019; 112,054,273 shares issued and outstanding as of September 30, 2019 1 0
Net parent investment 0 1,576
Accumulated other comprehensive loss (Note 9) (102) (83)
Additional paid-in capital 2,369 0
Accumulated deficit (939) 0
Total shareholders’ equity 1,329 1,493
Total liabilities, redeemable non-controlling interests, and shareholders’ equity $ 3,328 $ 2,233