CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jul. 02, 2021	Jan. 01, 2021
Current Assets
Cash and cash equivalents	$ 2,029	$ 1,276
Receivables, net	1,197	1,344
Contract assets	2,648	2,437
Inventories	872	973
Inventory prepayments	66	61
Income taxes receivable	49	295
Other current assets	249	246
Assets of disposal groups held for sale	479	35
Total current assets	7,589	6,667
Non-current Assets
Property, plant and equipment, net	2,026	2,102
Operating lease right-of-use assets	669	766
Goodwill	18,234	18,876
Other intangible assets, net	6,958	7,908
Deferred income taxes	111	119
Other non-current assets	477	522
Total non-current assets	28,475	30,293
Total assets	36,064	36,960
Current Liabilities
Short-term debt	3	2
Accounts payable	1,406	1,406
Contract liabilities	1,205	1,198
Compensation and benefits	404	496
Other accrued items	1,044	1,066
Income taxes payable	148	49
Current portion of long-term debt, net	11	10
Liabilities of disposal groups held for sale	243	13
Total current liabilities	4,464	4,240
Non-current Liabilities
Defined benefit plans	1,714	1,906
Operating lease liabilities	672	734
Long-term debt, net	7,061	6,943
Deferred income taxes	1,081	1,237
Other long-term liabilities	1,096	1,059
Total non-current liabilities	11,624	11,879
Shareholders’ Equity:
Preferred stock, without par value; 1,000,000 shares authorized; none issued	0	0
Common stock, $1.00 par value; 500,000,000 shares authorized; issued and outstanding 201,643,891 and 208,230,353 shares at July 2, 2021 and January 1, 2021, respectively	202	208
Other capital	17,863	19,008
Retained earnings	2,633	2,347
Accumulated other comprehensive loss	(835)	(839)
Total shareholders’ equity	19,863	20,724
Noncontrolling interests	113	117
Total equity	19,976	20,841
Total liabilities and equity	$ 36,064	$ 36,960