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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 30, 2022
Current Assets    
Cash and cash equivalents $ 366 $ 880
Receivables, net of allowances for collection losses of $35 and $40, respectively 1,383 1,251
Contract assets 3,164 2,987
Inventories 1,555 1,291
Income taxes receivable 48 40
Other current assets 334 258
Assets of business held for sale 0 47
Total current assets 6,850 6,754
Non-current Assets    
Property, plant and equipment, net 2,186 2,104
Operating lease right-of-use assets 725 756
Goodwill 18,417 17,283
Other intangible assets, net 6,401 6,001
Deferred income taxes 84 73
Other non-current assets 699 553
Total assets 35,362 33,524
Current Liabilities    
Short-term debt 582 2
Accounts payable 2,029 1,945
Contract liabilities 1,648 1,400
Compensation and benefits 389 398
Other accrued items 935 818
Income taxes payable 365 376
Current portion of long-term debt, net 361 818
Liabilities of business held for sale 0 19
Total current liabilities 6,309 5,776
Non-current Liabilities    
Defined benefit plans 184 262
Operating lease liabilities 714 741
Long-term debt, net 7,867 6,225
Deferred income taxes 452 719
Other long-term liabilities 1,305 1,177
Total liabilities 16,831 14,900
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 189,085,602 and 190,611,458 shares at June 30, 2023 and December 30, 2022, respectively 189 191
Other capital 15,391 15,677
Retained earnings 3,111 2,943
Accumulated other comprehensive loss (263) (288)
Total shareholders’ equity 18,428 18,523
Noncontrolling interests 103 101
Total equity 18,531 18,624
Total liabilities and equity $ 35,362 $ 33,524