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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jan. 03, 2025
Dec. 29, 2023
Current assets    
Cash and cash equivalents $ 615 $ 560
Receivables, net 1,072 1,230
Contract assets 3,230 3,196
Inventories, net 1,330 1,472
Income taxes receivable 379 61
Other current assets 461 430
Assets of business held for sale 1,131 1,106
Total current assets 8,218 8,055
Non-current assets    
Property, plant and equipment, net 2,806 2,862
Goodwill 20,325 19,979
Intangible assets, net 7,639 8,540
Deferred income taxes 120 91
Other non-current assets 2,893 2,160
Total assets 42,001 41,687
Current liabilities    
Short-term debt 515 1,602
Current portion of long-term debt, net 640 363
Accounts payable 2,005 2,106
Contract liabilities 2,142 1,900
Compensation and benefits 419 544
Other current liabilities 1,648 1,129
Income taxes payable 29 88
Liabilities of business held for sale 235 272
Total current liabilities 7,633 8,004
Non-current liabilities    
Long-term debt, net 11,081 11,160
Deferred income taxes 942 815
Other long-term liabilities 2,766 2,879
Total liabilities 22,422 22,858
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 189,794,911 and 189,808,581 shares at January 3, 2025 and December 29, 2023, respectively 190 190
Paid-in capital 15,558 15,553
Retained earnings 3,739 3,220
Accumulated other comprehensive income (loss) 27 (198)
Total shareholders’ equity 19,514 18,765
Noncontrolling interests 65 64
Total equity 19,579 18,829
Total liabilities and equity $ 42,001 $ 41,687