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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 29, 2025
Dec. 28, 2024
Current assets:    
Cash and cash equivalents $ 185 $ 166
Receivables, net 469 466
Inventories 750 770
Prepaid expenses and other current assets 32 30
Current assets held for sale 6 6
Total current assets 1,442 1,438
Property and equipment, net 282 299
Operating lease right-of-use assets 887 954
Goodwill 411 411
Other intangible assets, net 47 48
Deferred income taxes 118 102
Other assets 280 277
Total assets 3,467 3,529
Current liabilities:    
Trade accounts payable 698 697
Accrued expenses and other current liabilities 831 835
Income taxes payable 3 2
Short-term borrowings and current maturities of long-term debt 9 9
Total current liabilities 1,541 1,543
Deferred income taxes and other long-term liabilities 138 116
Pension and postretirement obligations, net 15 14
Long-term debt, net of current maturities 253 270
Operating lease liabilities, net of current portion 736 779
Total liabilities 2,683 2,722
Contingencies (Note 10)
Stockholders' equity:    
Common stock -- authorized 80,000,000 shares of $0.01 par value; issued shares -- 67,673,284 at March 29, 2025, and 67,414,115 at December 28, 2024; outstanding shares -- 30,074,128 at March 29, 2025, and 29,814,959 at December 28, 2024 1 1
Additional paid-in capital 2,776 2,771
Accumulated other comprehensive loss (123) (124)
Accumulated deficit (344) (315)
Treasury stock, at cost -- 37,599,156 shares at March 29, 2025 and December 28, 2024 (1,526) (1,526)
Total stockholders' equity 784 807
Total liabilities and stockholders’ equity $ 3,467 $ 3,529