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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 880 $ 941
Receivables, net 1,251 1,045
Contract assets 2,987 3,021
Inventories 1,291 982
Income taxes receivable 40 98
Other current assets 258 272
Assets of business held for sale 47 0
Total current assets 6,754 6,359
Non-current Assets    
Property, plant and equipment, net 2,104 2,101
Operating lease right-of-use assets 756 769
Goodwill 17,283 18,189
Other intangible assets, net 6,001 6,640
Deferred income taxes 73 85
Other non-current assets 553 566
Total non-current assets 26,770 28,350
Total assets 33,524 34,709
Current Liabilities    
Short-term debt 2 2
Accounts payable 1,945 1,767
Contract liabilities 1,400 1,297
Compensation and benefits 398 444
Other accrued items 818 1,002
Income taxes payable 376 28
Current portion of long-term debt, net 818 11
Liabilities of business held for sale 19 0
Total current liabilities 5,776 4,551
Non-current Liabilities    
Defined benefit plans 262 614
Operating lease liabilities 741 768
Long-term debt, net 6,225 7,048
Deferred income taxes 719 1,344
Other long-term liabilities 1,177 1,065
Total non-current liabilities 9,124 10,839
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 190,611,458 and 193,511,401 shares at December 30, 2022 and December 31, 2021, respectively 191 194
Other capital 15,677 16,248
Retained earnings 2,943 2,917
Accumulated other comprehensive loss (288) (146)
Total shareholders’ equity 18,523 19,213
Noncontrolling interests 101 106
Total equity 18,624 19,319
Total liabilities and equity $ 33,524 $ 34,709