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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 29, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 879 $ 901
Accounts receivable, net of allowances for doubtful accounts of $1 each as of March 29, 2025 and December 31, 2024 617 692
Inventories, net 681 693
Income tax receivable 20 20
Prepaid expenses and other current assets 94 134
Total Current assets 2,291 2,440
Property, plant and equipment, net 309 305
Right-of-use lease assets 165 167
Goodwill 3,927 3,891
Other intangibles, net 423 422
Deferred income taxes 545 512
Other long-term assets 239 231
Total Assets 7,899 7,968
Current liabilities:    
Current portion of long-term debt 69 79
Accounts payable 559 633
Accrued liabilities 411 503
Deferred revenue 464 453
Income taxes payable 78 36
Total Current liabilities 1,581 1,704
Long-term debt 2,103 2,092
Long-term lease liabilities 153 155
Deferred income taxes 57 57
Long-term deferred revenue 309 304
Other long-term liabilities 70 70
Total Liabilities 4,273 4,382
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 719 669
Treasury stock at cost, 21,013,606 and 20,645,798 shares as of March 29, 2025 and December 31, 2024, respectively (2,025) (1,900)
Retained earnings 4,996 4,860
Accumulated other comprehensive loss (65) (44)
Total Stockholders’ Equity 3,626 3,586
Total Liabilities and Stockholders’ Equity $ 7,899 $ 7,968