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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 01, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 1,142 $ 1,024
Trade accounts receivable, net 240 269
Inventories 263 113
Other current assets 72 110
Total current assets 1,717 1,516
Non-current assets    
Property and equipment, net 422 384
Intangible assets, net 2,276 2,527
Goodwill 10,895 10,895
Other long-term assets 120 119
Total non-current assets 13,713 13,925
TOTAL ASSETS 15,430 15,441
Current liabilities    
Accounts payable and accrued expenses 208 189
Employee related accrued expenses 87 88
Related party payable 54 73
Other current liabilities 32 34
Total current liabilities 381 384
Non-current liabilities    
Long-term employee benefits 55 56
Deferred tax liabilities 152 162
Other long-term liabilities 42 45
Total non-current liabilities 249 263
TOTAL LIABILITIES 630 647
Equity    
Additional paid-in capital 14,842 14,737
Accumulated other comprehensive income (loss)   (9)
Retained earnings (accumulated deficit) (50) 57
TOTAL EQUITY 14,800 14,794
TOTAL LIABILITIES AND EQUITY 15,430 15,441
Class A common stock    
Equity    
Common stock 1 1
Class B common stock    
Equity    
Common stock $ 7 $ 8