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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 25, 2022
Dec. 25, 2021
Current assets:    
Cash and cash equivalents $ 417 $ 514
Receivables, net 566 495
Inventories 968 859
Prepaid expenses and other current assets 60 52
Current assets held for sale   469
Total current assets 2,011 2,389
Property and equipment, net 461 477
Operating lease right-of-use assets 904 936
Goodwill 464 464
Other intangible assets, net 50 54
Deferred income taxes 207 219
Other assets 377 326
Total assets 4,474 4,865
Current liabilities:    
Trade accounts payable 917 950
Accrued expenses and other current liabilities 955 994
Income taxes payable 14 11
Short-term borrowings and current maturities of long-term debt 17 20
Current liabilities held for sale   290
Total current liabilities 1,903 2,265
Deferred income taxes and other long-term liabilities 139 159
Pension and postretirement obligations, net 18 22
Long-term debt, net of current maturities 177 228
Operating lease liabilities 724 753
Total liabilities 2,961 3,427
Commitments and contingencies
Stockholders' equity:    
Common stock — authorized 80,000,000 shares of $0.01 par value; issued shares — 65,500,578 at June 25, 2022 and 64,704,979 at December 25, 2021; outstanding shares — 48,504,879 at June 25, 2022 and 48,455,951 at December 25, 2021 1 1
Additional paid-in capital 2,723 2,692
Accumulated other comprehensive loss (14) (6)
Accumulated deficit (535) (617)
Treasury stock, at cost — 16,995,699 shares at June 25, 2022 and 16,249,028 shares at December 25, 2021 (662) (632)
Total stockholders' equity 1,513 1,438
Total liabilities and stockholders’ equity $ 4,474 $ 4,865