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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 26, 2015
Dec. 27, 2014
Current assets:    
Cash and cash equivalents $ 1,069 $ 1,071
Receivables, net 1,166 1,264
Inventories 1,698 1,638
Prepaid expenses and other current assets 127 158
Total current assets 4,060 4,131
Property and equipment, net 785 963
Goodwill 378 391
Other intangible assets, net 54 72
Timber notes receivable 905 926
Deferred income taxes 24 36
Other assets 236 238
Total assets 6,442 6,757
Current liabilities:    
Trade accounts payable 1,319 1,340
Accrued expenses and other current liabilities 1,355 1,514
Income taxes payable 13 4
Short-term borrowings and current maturities of long-term debt 56 32
Total current liabilities 2,743 2,890
Deferred income taxes and other long-term liabilities 459 541
Pension and postretirement obligations, net 184 196
Long-term debt, net of current maturities 634 670
Non-recourse debt 819 839
Total liabilities $ 4,839 $ 5,136
Commitments and contingencies
Stockholders' equity:    
Common stock - authorized 800,000,000 shares of $.01 par value; issued shares - 554,835,306 in 2015 and 551,097,537 in 2014 $ 6 $ 6
Additional paid-in capital 2,607 2,556
Accumulated other comprehensive income 30 107
Accumulated deficit (982) (990)
Treasury stock, at cost - 5,915,268 shares in 2015 and 2014 (58) (58)
Total equity 1,603 1,621
Total liabilities and stockholders' equity $ 6,442 $ 6,757