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CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Jun. 28, 2024
Dec. 29, 2023
Current assets    
Cash and cash equivalents $ 547 $ 560
Receivables, net of allowances for collection losses of $19 and $15, respectively 1,230 1,230
Contract assets 3,209 3,196
Inventories 1,432 1,472
Other current assets 502 491
Assets of business held for sale 1,127 1,106
Total current assets 8,047 8,055
Non-current assets    
Property, plant and equipment, net 2,800 2,862
Goodwill 20,367 19,979
Other intangible assets, net 8,080 8,540
Deferred income taxes 134 91
Other non-current assets 2,229 2,160
Total assets 41,657 41,687
Current liabilities    
Short-term debt 2,102 1,602
Current portion of long-term debt, net 617 363
Accounts payable 1,896 2,106
Contract liabilities 1,889 1,900
Compensation and benefits 445 544
Other accrued items 1,515 1,129
Income taxes payable 274 88
Liabilities of business held for sale 243 272
Total current liabilities 8,981 8,004
Non-current liabilities    
Long-term debt, net 10,533 11,160
Deferred income taxes 443 815
Other long-term liabilities 2,796 2,879
Total liabilities 22,753 22,858
Shareholders’ Equity:    
Common stock, $1.00 par value; 500,000,000 shares authorized; issued and outstanding 189,779,216 and 189,808,581 shares at June 28, 2024 and December 29, 2023, respectively 190 190
Paid-in capital 15,516 15,553
Retained earnings 3,368 3,220
Accumulated other comprehensive loss (234) (198)
Total shareholders’ equity 18,840 18,765
Noncontrolling interests 64 64
Total equity 18,904 18,829
Total liabilities and equity $ 41,657 $ 41,687