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CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Sep. 27, 2024
Dec. 29, 2023
Current assets    
Cash and cash equivalents $ 539 $ 560
Receivables, net of allowances for collection losses of $20 and $15, respectively 1,042 1,230
Contract assets 3,401 3,196
Inventories, net 1,399 1,472
Income taxes receivable 329 61
Other current assets 462 430
Assets of business held for sale 1,130 1,106
Total current assets 8,302 8,055
Non-current assets    
Property, plant and equipment, net 2,795 2,862
Goodwill 20,433 19,979
Intangible assets, net 7,874 8,540
Deferred income taxes 119 91
Other non-current assets 2,366 2,160
Total assets 41,889 41,687
Current liabilities    
Short-term debt 1,177 1,602
Current portion of long-term debt, net 640 363
Accounts payable 2,049 2,106
Contract liabilities 1,878 1,900
Compensation and benefits 402 544
Income taxes payable 35 88
Other current liabilities 1,549 1,129
Liabilities of business held for sale 243 272
Total current liabilities 7,973 8,004
Non-current liabilities    
Long-term debt, net 11,093 11,160
Deferred income taxes 885 815
Other long-term liabilities 2,876 2,879
Total liabilities 22,827 22,858
Shareholders’ Equity:    
Common stock, $1.00 par value; 500,000,000 shares authorized; issued and outstanding 189,548,670 and 189,808,581 shares at September 27, 2024 and December 29, 2023, respectively 190 190
Paid-in capital 15,487 15,553
Retained earnings 3,515 3,220
Accumulated other comprehensive loss (194) (198)
Total shareholders’ equity 18,998 18,765
Noncontrolling interests 64 64
Total equity 19,062 18,829
Total liabilities and equity $ 41,889 $ 41,687