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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 04, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 157 $ 125
Accounts receivable, net of allowances for doubtful accounts of $1 million each as of July 4, 2026 and December 31, 2025 990 801
Inventories, net 733 729
Income tax receivable 56 31
Prepaid expenses and other current assets 126 110
Total Current assets 2,062 1,796
Property, plant and equipment, net 346 353
Right-of-use lease assets 168 166
Goodwill 4,701 4,727
Other intangibles, net 725 809
Deferred income taxes 396 414
Other long-term assets 239 237
Total Assets 8,637 8,502
Current liabilities:    
Current portion of long-term debt 2,275 141
Accounts payable 738 695
Accrued liabilities 506 558
Deferred revenue 444 446
Income taxes payable 35 12
Total Current liabilities 3,998 1,852
Long-term debt 493 2,361
Long-term lease liabilities 156 157
Deferred income taxes 31 32
Long-term deferred revenue 391 396
Other long-term liabilities 133 116
Total Liabilities 5,202 4,914
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 882 814
Treasury stock at cost, 24,762,921 and 22,558,911 shares as of July 4, 2026 and December 31, 2025, respectively (3,057) (2,488)
Retained earnings 5,647 5,279
Accumulated other comprehensive loss (38) (18)
Total Stockholders’ Equity 3,435 3,588
Total Liabilities and Stockholders’ Equity $ 8,637 $ 8,502