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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 26, 2016
Dec. 26, 2015
Current assets:    
Cash and cash equivalents $ 879 $ 1,069
Receivables, net 1,106 1,166
Inventories 1,575 1,698
Prepaid expenses and other current assets 136 127
Total current assets 3,696 4,060
Property and equipment, net 754 785
Goodwill 378 378
Other intangible assets, net 51 54
Timber notes receivable 900 905
Deferred income taxes 24 24
Other assets 231 236
Total assets 6,034 6,442
Current liabilities:    
Trade accounts payable 1,132 1,319
Accrued expenses and other current liabilities 1,134 1,355
Income taxes payable 12 13
Short-term borrowings and current maturities of long-term debt 37 56
Total current liabilities 2,315 2,743
Deferred income taxes and other long-term liabilities 438 459
Pension and postretirement obligations, net 183 184
Long-term debt, net of current maturities 624 634
Non-recourse debt 813 819
Total liabilities $ 4,373 $ 4,839
Commitments and contingencies
Stockholders' equity:    
Common stock-authorized 800,000,000 shares of $.01 par value; issued shares - 556,027,410 in March 2016 and 554,835,306 in December 2015 $ 6 $ 6
Additional paid-in capital 2,614 2,607
Accumulated other comprehensive income 36 30
Accumulated deficit (937) (982)
Treasury stock, at cost - 5,915,268 shares in 2016 and 2015 (58) (58)
Total equity 1,661 1,603
Total liabilities and stockholders' equity $ 6,034 $ 6,442