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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jul. 03, 2020
Jan. 03, 2020
Current Assets    
Cash and cash equivalents $ 1,947 $ 824
Receivables 1,148 1,216
Contract assets 2,281 2,459
Inventories 859 1,219
Income taxes receivable 203 202
Other current assets 400 392
Assets of disposal groups held for sale 88 0
Total current assets 6,926 6,312
Non-current Assets    
Property, plant and equipment 2,015 2,117
Operating lease right-of-use assets 890 837
Goodwill 19,015 20,001
Other intangible assets 8,336 8,458
Deferred income taxes 120 102
Other non-current assets 550 509
Total non-current assets 30,926 32,024
Total assets 37,852 38,336
Current Liabilities    
Short-term debt 2 3
Accounts payable 1,094 1,261
Contract liabilities 1,106 1,214
Compensation and benefits 423 460
Other accrued items 1,218 790
Income taxes payable 57 24
Current portion of long-term debt, net 666 257
Liabilities of disposal groups held for sale 21 0
Total current liabilities 4,587 4,009
Non-current Liabilities    
Defined benefit plans 1,664 1,819
Operating lease liabilities 773 781
Long-term debt, net 6,273 6,694
Deferred income taxes 1,466 1,481
Other long-term liabilities 863 808
Total non-current liabilities 11,039 11,583
Shareholders’ Equity:    
Preferred stock, without par value; 1,000,000 shares authorized; none issued 0 0
Common stock, $1.00 par value; 500,000,000 shares authorized; issued and outstanding 216,087,421 shares at July 3, 2020 and 218,226,614 shares at January 3, 2020 216 218
Other capital 20,260 20,694
Retained earnings 2,250 2,183
Accumulated other comprehensive loss (624) (508)
Total shareholders’ equity 22,102 22,587
Noncontrolling interests 124 157
Total equity 22,226 22,744
Total liabilities and equity $ 37,852 $ 38,336