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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 24, 2016
Dec. 26, 2015
Current assets:    
Cash and cash equivalents $ 801 $ 860
Receivables, net 718 746
Inventories 1,216 1,406
Prepaid expenses and other current assets 85 92
Current assets of discontinued operations 580 956
Total current assets 3,400 4,060
Property and equipment, net 601 665
Goodwill 363 363
Other intangible assets, net 38 53
Timber notes receivable 890 905
Deferred income taxes 377 11
Other assets 212 212
Non-current assets of discontinued operations   173
Total assets 5,881 6,442
Current liabilities:    
Trade accounts payable 886 987
Accrued expenses and other current liabilities 889 1,074
Income taxes payable   9
Short-term borrowings and current maturities of long-term debt 28 51
Current liabilities of discontinued operations 519 622
Total current liabilities 2,322 2,743
Deferred income taxes and other long-term liabilities 368 421
Pension and postretirement obligations, net 179 182
Long-term debt, net of current maturities 360 628
Non-recourse debt 803 819
Non-current liabilities of discontinued operations   46
Total liabilities 4,032 4,839
Commitments and contingencies
Stockholders' equity:    
Common stock-authorized 800,000,000 shares of $.01 par value; issued shares - 557,523,542 in September 2016 and 554,835,306 in December 2015 6 6
Additional paid-in capital 2,621 2,607
Accumulated other comprehensive income 43 30
Accumulated deficit (682) (982)
Treasury stock, at cost - 29,140,426 shares in 2016 and 5,915,268 shares in 2015 (139) (58)
Total equity 1,849 1,603
Total liabilities and stockholders' equity $ 5,881 $ 6,442