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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 26, 2020
Dec. 28, 2019
ASSETS    
Cash and cash equivalents $ 2,720 $ 2,279
Trade receivables (net of allowances of $57 at September 26, 2020 and $33 at December 28, 2019) 1,979 1,973
Inventories 2,661 2,721
Prepaid expenses 382 384
Other current assets 401 618
Assets held for sale 1,922 122
Total current assets 10,065 8,097
Property, plant and equipment, net 6,558 7,055
Goodwill 32,861 35,546
Intangible assets, net 46,418 48,652
Other non-current assets 2,220 2,100
TOTAL ASSETS 98,122 101,450
LIABILITIES AND EQUITY    
Commercial paper and other short-term debt 6 6
Current portion of long-term debt 529 1,022
Trade payables 4,052 4,003
Accrued marketing 1,001 647
Interest payable 333 384
Other current liabilities 1,755 1,804
Liabilities held for sale 18 9
Total current liabilities 7,694 7,875
Long-term debt 27,882 28,216
Deferred income taxes 11,461 11,878
Accrued postemployment costs 250 273
Other non-current liabilities 1,496 1,459
TOTAL LIABILITIES 48,783 49,701
Commitments and Contingencies (Note 16)
Redeemable noncontrolling interest (2) 0
Equity:    
Common stock, $0.01 par value (5,000 shares authorized; 1,228 shares issued and 1,223 shares outstanding at September 26, 2020; 1,224 shares issued and 1,221 shares outstanding at December 28, 2019) 12 12
Additional paid-in capital 55,544 56,828
Retained earnings/(deficit) (3,739) (3,060)
Accumulated other comprehensive income/(losses) (2,258) (1,886)
Treasury stock, at cost (5 shares at September 26, 2020 and 3 shares at December 28, 2019) (341) (271)
Total shareholders' equity 49,218 51,623
Noncontrolling interest 123 126
TOTAL EQUITY 49,341 51,749
TOTAL LIABILITIES AND EQUITY $ 98,122 $ 101,450