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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 29, 2019
Dec. 29, 2018
Current assets:    
Cash and cash equivalents $ 444 $ 658
Receivables, net 901 885
Inventories 1,113 1,065
Prepaid expenses and other current assets 100 75
Timber notes receivable, current maturities 831  
Total current assets 3,389 2,683
Property and equipment, net 726 763
Operating lease right-of-use assets 1,380  
Goodwill 939 914
Other intangible assets, net 406 422
Timber notes receivable   842
Deferred income taxes 253 284
Other assets 260 258
Total assets 7,353 6,166
Current liabilities:    
Trade accounts payable 1,089 1,110
Accrued expenses and other current liabilities 1,255 978
Income taxes payable   2
Short-term borrowings and current maturities of long-term debt 94 95
Non-recourse debt, current maturities 743  
Total current liabilities 3,181 2,185
Deferred income taxes and other long-term liabilities 178 300
Pension and postretirement obligations, net 111 111
Long-term debt, net of current maturities 618 690
Operating lease liabilities [1] 1,183  
Non-recourse debt   754
Total liabilities 5,271 4,040
Commitments and contingencies
Stockholders' equity:    
Common stock — authorized 800,000,000 shares of $0.01 par value; issued shares — 620,259,073 at June 29, 2019 and 614,170,704 at December 29, 2018; outstanding shares — 546,348,497 at June 29, 2019 and 543,833,428 at December 29, 2018 6 6
Additional paid-in capital 2,659 2,677
Accumulated other comprehensive loss (83) (99)
Accumulated deficit (204) (173)
Treasury stock, at cost — 73,910,576 shares at June 29, 2019 and 70,337,276 shares at December 29, 2018 (296) (285)
Total stockholders' equity 2,082 2,126
Total liabilities and stockholders’ equity $ 7,353 $ 6,166
[1] Operating lease payments include $140 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $3 million of legally binding lease payments for an additional operating lease signed but not yet commenced. This operating lease will commence in fiscal year 2020 with a lease term of 10 years.