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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 411 $ 137
Accounts receivable, net of allowances for doubtful accounts of $1 each as of June 29, 2024 and December 31, 2023 701 521
Inventories, net 678 804
Income tax receivable 41 63
Prepaid expenses and other current assets 122 147
Total Current assets 1,953 1,672
Property, plant and equipment, net 297 309
Right-of-use lease assets 159 169
Goodwill 3,894 3,895
Other intangibles, net 476 527
Deferred income taxes 469 438
Other long-term assets 242 296
Total Assets 7,490 7,306
Current liabilities:    
Current portion of long-term debt 89 173
Accounts payable 551 456
Accrued liabilities 426 504
Deferred revenue 447 458
Income taxes payable 9 7
Total Current liabilities 1,522 1,598
Long-term debt 2,080 2,047
Long-term lease liabilities 145 152
Deferred income taxes 66 67
Long-term deferred revenue 298 312
Other long-term liabilities 92 94
Total Liabilities 4,203 4,270
Stockholders’ Equity:    
Preferred stock, $.01 par value; authorized 10,000,000 shares; none issued 0 0
Class A common stock, $.01 par value; authorized 150,000,000 shares; issued 72,151,857 shares 1 1
Additional paid-in capital 633 615
Treasury stock at cost, 20,581,866 and 20,772,995 shares as of June 29, 2024 and December 31, 2023, respectively (1,855) (1,858)
Retained earnings 4,560 4,332
Accumulated other comprehensive loss (52) (54)
Total Stockholders’ Equity 3,287 3,036
Total Liabilities and Stockholders’ Equity $ 7,490 $ 7,306