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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 28, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 872 $ 901
Accounts receivable, net of allowances for doubtful accounts of $1 each as of June 28, 2025 and December 31, 2024 634 692
Inventories, net 686 693
Income tax receivable 50 20
Prepaid expenses and other current assets 92 134
Total Current assets 2,334 2,440
Property, plant and equipment, net 314 305
Right-of-use lease assets 165 167
Goodwill 3,931 3,891
Other intangibles, net 400 422
Deferred income taxes 565 512
Other long-term assets 229 231
Total Assets 7,938 7,968
Current liabilities:    
Current portion of long-term debt 44 79
Accounts payable 569 633
Accrued liabilities 469 503
Deferred revenue 457 453
Income taxes payable 55 36
Total Current liabilities 1,594 1,704
Long-term debt 2,128 2,092
Long-term lease liabilities 152 155
Deferred income taxes 58 57
Long-term deferred revenue 315 304
Other long-term liabilities 74 70
Total Liabilities 4,321 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 733 669
Treasury stock at cost, 21,315,596 and 20,645,798 shares as of June 28, 2025 and December 31, 2024, respectively (2,147) (1,900)
Retained earnings 5,108 4,860
Accumulated other comprehensive loss (78) (44)
Total Stockholders’ Equity 3,617 3,586
Total Liabilities and Stockholders’ Equity $ 7,938 $ 7,968