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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 29, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 180 $ 381
Receivables, net 465 485
Inventories 778 765
Prepaid expenses and other current assets 38 28
Current assets held for sale 15 80
Total current assets 1,476 1,739
Property and equipment, net 301 297
Operating lease right-of-use assets 999 983
Goodwill 403 403
Other intangible assets, net 43 45
Deferred income taxes 158 142
Other assets 273 278
Total assets 3,653 3,887
Current liabilities:    
Trade accounts payable 779 755
Accrued expenses and other current liabilities 840 915
Income taxes payable 5 6
Short-term borrowings and current maturities of long-term debt 10 9
Current liabilities held for sale 8 12
Total current liabilities 1,642 1,697
Deferred income taxes and other long-term liabilities 113 120
Pension and postretirement obligations, net 13 15
Long-term debt, net of current maturities 173 165
Operating lease liabilities, net of current portion 819 789
Total liabilities 2,760 2,786
Contingencies (Note 10)
Stockholders' equity:    
Common stock - authorized 80,000,000 shares of $0.01 par value; issued shares - 67,382,080 at June 29, 2024 and 66,700,292 at December 30, 2023; outstanding shares - 34,321,389 at June 29, 2024 and 36,959,377 at December 30, 2023 1 1
Additional paid-in capital 2,759 2,752
Accumulated other comprehensive loss (117) (114)
Accumulated deficit (370) (312)
Treasury stock, at cost - 33,060,691 shares at June 29, 2024 and 29,740,915 shares at December 30, 2023 (1,380) (1,226)
Total stockholders' equity 893 1,101
Total liabilities and stockholders’ equity $ 3,653 $ 3,887