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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 25, 2021
Dec. 26, 2020
Current assets:    
Cash and cash equivalents $ 753 $ 729
Receivables, net 482 442
Inventories 841 916
Prepaid expenses and other current assets 56 49
Current assets held for sale 744 219
Total current assets 2,876 2,355
Property and equipment, net 492 542
Operating lease right-of-use assets 948 1,107
Goodwill 462 394
Other intangible assets, net 57 57
Deferred income taxes 213 218
Other assets 303 319
Noncurrent assets held for sale   622
Total assets 5,351 5,614
Current liabilities:    
Trade accounts payable 863 857
Accrued expenses and other current liabilities 1,020 1,050
Income taxes payable 6 10
Short-term borrowings and current maturities of long-term debt 20 24
Current liabilities held for sale 272 152
Total current liabilities 2,181 2,093
Deferred income taxes and other long-term liabilities 169 172
Pension and postretirement obligations, net 33 42
Long-term debt, net of current maturities 333 354
Operating lease liabilities 773 935
Noncurrent liabilities held for sale   138
Total liabilities 3,489 3,734
Commitments and contingencies
Stockholders' equity:    
Common stock — authorized 80,000,000 shares of $0.01 par value; issued shares — 64,699,340 at September 25, 2021 and 62,551,255 at December 26, 2020; outstanding shares — 52,134,592 at September 25, 2021 and 52,694,062 at December 26, 2020 1 1
Additional paid-in capital 2,711 2,675
Accumulated other comprehensive loss (30) (32)
Accumulated deficit (343) (409)
Treasury stock, at cost — 12,564,748 shares at September 25, 2021 and 9,857,193 shares at December 26, 2020 (477) (355)
Total stockholders' equity 1,862 1,880
Total liabilities and stockholders’ equity $ 5,351 $ 5,614