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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 30, 2022
Current Assets    
Cash and cash equivalents $ 545 $ 880
Receivables, net of allowances for collection losses of $38 and $40, respectively 1,231 1,251
Contract assets 3,274 2,987
Inventories 1,541 1,291
Income taxes receivable 41 40
Other current assets 307 258
Assets of business held for sale 61 47
Total current assets 7,000 6,754
Non-current Assets    
Property, plant and equipment, net 2,133 2,104
Operating lease right-of-use assets 756 756
Goodwill 18,291 17,283
Other intangible assets, net 6,688 6,001
Deferred income taxes 74 73
Other non-current assets 565 553
Total assets 35,507 33,524
Current Liabilities    
Short-term debt 2 2
Accounts payable 2,054 1,945
Contract liabilities 1,525 1,400
Compensation and benefits 285 398
Other accrued items 946 818
Income taxes payable 508 376
Current portion of long-term debt, net 811 818
Liabilities of business held for sale 20 19
Total current liabilities 6,151 5,776
Non-current Liabilities    
Defined benefit plans 208 262
Operating lease liabilities 735 741
Long-term debt, net 8,220 6,225
Deferred income taxes 570 719
Other long-term liabilities 1,215 1,177
Total liabilities 17,099 14,900
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 189,360,959 and 190,611,458 shares at March 31, 2023 and December 30, 2022, respectively 189 191
Other capital 15,407 15,677
Retained earnings 2,998 2,943
Accumulated other comprehensive loss (288) (288)
Total shareholders’ equity 18,306 18,523
Noncontrolling interests 102 101
Total equity 18,408 18,624
Total liabilities and equity $ 35,507 $ 33,524