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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Apr. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 292 $ 326
Accounts receivable, net 985 1,002
Inventories, net 1,008 975
Other current assets 210 199
Total current assets 2,495 2,502
Property, plant and equipment, net 379 366
Goodwill 2,736 2,724
Total intangible assets 471 475
Other assets 318 320
Total assets 6,399 6,387
Current liabilities:    
Accounts payable 894 894
Current portion of long-term debt 12 12
Accrued liabilities 563 640
Total current liabilities 1,469 1,546
Long-term debt 1,402 1,404
Obligations payable under Indemnification Agreements 584 580
Other liabilities 340 328
Total liabilities 3,795 3,858
COMMITMENTS AND CONTINGENCIES
Stockholders’ equity    
Common stock, $0.001 par value: 700 shares authorized, 150 and 147 shares issued and outstanding at April 1, 2023 and 148 and 146 shares issued and outstanding at December 31, 2022, respectively 0 0
Additional paid-in capital 2,191 2,176
Retained earnings 657 600
Accumulated other comprehensive loss, net (200) (212)
Treasury stock at cost (44) (35)
Total stockholders’ equity 2,604 2,529
Total liabilities and stockholders’ equity $ 6,399 $ 6,387