XML 21 R3.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,127 $ 1,048
Short-term investments 93 6
Accounts receivable, net 735 734
Inventory, net 547 587
Prepaid expenses and other current assets 244 234
Total current assets 2,746 2,609
Property and equipment, net 815 1,007
Operating Lease, Right-of-Use Asset 419 544
Goodwill 1,113 2,545
Intangible assets, net 295 2,993
Deferred tax assets, net 567 56
Other assets 348 357
Total assets 6,303 10,111
Current liabilities:    
Accounts payable 221 245
Accrued liabilities 827 1,325
Term debt, current portion 499 0
Total current liabilities 1,547 1,570
Operating lease liabilities 554 687
Term debt 1,490 1,489
Other long-term liabilities 339 620
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10 million shares authorized; no shares issued and outstanding at December 29, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value, 320 million shares authorized; 200 million shares issued and 159 million outstanding at December 29, 2024; 199 million shares issued and 159 million outstanding at December 31, 2023 2 2
Additional paid-in capital 7,525 9,555
Accumulated other comprehensive income (loss) 22 (1)
Accumulated deficit (1,242) (19)
Treasury stock, at cost; 41 million shares and 40 million shares at December 29, 2024 and December 31, 2023, respectively (3,934) (3,792)
Total stockholders’ equity 2,373 5,745
Total liabilities and stockholders’ equity $ 6,303 $ 10,111