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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 28, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 181 $ 381
Receivables, net 550 485
Inventories 760 765
Prepaid expenses and other current assets 35 28
Current assets held for sale 12 80
Total current assets 1,538 1,739
Property and equipment, net 307 297
Operating lease right-of-use assets 980 983
Goodwill 412 403
Other intangible assets, net 49 45
Deferred income taxes 128 142
Other assets 277 278
Total assets 3,691 3,887
Current liabilities:    
Trade accounts payable 773 755
Accrued expenses and other current liabilities 874 915
Income taxes payable 4 6
Short-term borrowings and current maturities of long-term debt 10 9
Current liabilities held for sale 6 12
Total current liabilities 1,667 1,697
Deferred income taxes and other long-term liabilities 118 120
Pension and postretirement obligations, net 13 15
Long-term debt, net of current maturities 236 165
Operating lease liabilities, net of current portion 801 789
Total liabilities 2,835 2,786
Contingencies (Note 11)
Stockholders' equity:    
Common stock - authorized 80,000,000 shares of $0.01 par value; issued shares - 67,408,175 at September 28, 2024 and 66,700,292 at December 30, 2023; outstanding shares -31,204,701 at September 28, 2024 and 36,959,377 at December 30, 2023 1 1
Additional paid-in capital 2,763 2,752
Accumulated other comprehensive loss (114) (114)
Accumulated deficit (312) (312)
Treasury stock, at cost - 36,203,474 shares at September 28, 2024 and 29,740,915 shares at December 30, 2023 (1,482) (1,226)
Total stockholders' equity 856 1,101
Total liabilities and stockholders’ equity $ 3,691 $ 3,887