CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2019	Dec. 29, 2018
Current assets:
Cash and cash equivalents	$ 130	$ 23
Accounts receivable, net of allowance of $8 and $7 (Note 4)	426	431
Inventories, net	636	564
Other receivables	67	49
Prepaid expenses and other	30	19
Assets held for sale (Note 3)	51	0
Total current assets	1,340	1,086
Non-current assets:
Property and equipment, net (Note 5)		69
Property and equipment, net (Note 5)	93
Operating lease right-of-use assets, net (Note 6)	84
Goodwill (Note 7)	1,154	750
Other intangibles, net (Note 7)	643	208
Investments and other	47	120
Total assets	3,361	2,233
Current liabilities:
Accounts payable	520	440
Current maturities of long-term debt and other borrowings (Note 8)	62	1
Accrued payroll and related liabilities	44	37
Accrued taxes	18	17
Other current liabilities	164	77
Liabilities held for sale (Note 3)	21	0
Total current liabilities	829	572
Non-current liabilities:
Long-term debt and other borrowings, net (Note 8)	1,125	24
Deferred income taxes	47	16
Other liabilities	94	35
Total liabilities	2,095	647
Commitments and contingencies (Note 11)
Redeemable non-controlling interests (Note 12)	10	92
Shareholders' equity:
Common stock, $0.01 par value per share, 675,000,000 shares authorized as of December 31, 2019; 111,620,507 shares issued and outstanding as of December 31, 2019	1	0
Net former parent investment	0	1,576
Accumulated other comprehensive loss (Note 13)	(86)	(82)
Additional paid-in capital	2,381	0
Accumulated deficit	(1,040)	0
Total shareholders’ equity	1,256	1,494
Total liabilities, redeemable non-controlling interests, and shareholders’ equity	$ 3,361	$ 2,233