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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 30, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 282 $ 392
Receivables, net 466 487
Inventories 733 765
Prepaid expenses and other current assets 36 28
Current assets held for sale 7 6
Total current assets 1,524 1,678
Property and equipment, net 360 359
Operating lease right-of-use assets 978 983
Goodwill 403 403
Other intangible assets, net 44 45
Deferred income taxes 147 140
Other assets 279 278
Total assets 3,735 3,886
Current liabilities:    
Trade accounts payable 755 755
Accrued expenses and other current liabilities 854 923
Income taxes payable 5 6
Short-term borrowings and current maturities of long-term debt 10 9
Total current liabilities 1,624 1,693
Deferred income taxes and other long-term liabilities 122 123
Pension and postretirement obligations, net 14 15
Long-term debt, net of current maturities 115 165
Operating lease liabilities, net of current portion 791 789
Total liabilities 2,666 2,785
Contingencies (Note 10)
Stockholders' equity:    
Common stock - authorized 80,000,000 shares of $0.01 par value; issued shares - 66,958,689 at March 30, 2024 and 66,700,292 at December 30, 2023; outstanding shares - 36,260,932 at March 30, 2024 and 36,959,377 at December 30, 2023 1 1
Additional paid-in capital 2,758 2,752
Accumulated other comprehensive loss (117) (114)
Accumulated deficit (297) (312)
Treasury stock, at cost - 30,697,757 shares at March 30, 2024 and 29,740,915 shares at December 30, 2023 (1,276) (1,226)
Total stockholders' equity 1,069 1,101
Total liabilities and stockholders’ equity $ 3,735 $ 3,886