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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 28, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 676 $ 137
Accounts receivable, net of allowances for doubtful accounts of $1 each as of September 28, 2024 and December 31, 2023 642 521
Inventories, net 639 804
Income tax receivable 67 63
Prepaid expenses and other current assets 109 147
Total Current assets 2,133 1,672
Property, plant and equipment, net 302 309
Right-of-use lease assets 173 169
Goodwill 3,895 3,895
Other intangibles, net 447 527
Deferred income taxes 501 438
Other long-term assets 239 296
Total Assets 7,690 7,306
Current liabilities:    
Current portion of long-term debt 89 173
Accounts payable 533 456
Accrued liabilities 490 504
Deferred revenue 432 458
Income taxes payable 18 7
Total Current liabilities 1,562 1,598
Long-term debt 2,080 2,047
Long-term lease liabilities 162 152
Deferred income taxes 66 67
Long-term deferred revenue 304 312
Other long-term liabilities 95 94
Total Liabilities 4,269 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 653 615
Treasury stock at cost, 20,609,801 and 20,772,995 shares as of September 28, 2024 and December 31, 2023, respectively (1,871) (1,858)
Retained earnings 4,697 4,332
Accumulated other comprehensive loss (59) (54)
Total Stockholders’ Equity 3,421 3,036
Total Liabilities and Stockholders’ Equity $ 7,690 $ 7,306