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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Sep. 29, 2023
Dec. 30, 2022
Current assets    
Cash and cash equivalents $ 499 $ 880
Receivables, net of allowances for collection losses of $24 and $40, respectively 1,381 1,251
Contract assets 3,477 2,987
Inventories 1,638 1,291
Income taxes receivable 43 40
Other current assets 463 258
Assets of business held for sale 0 47
Total current assets 7,501 6,754
Non-current assets    
Property, plant and equipment, net 2,818 2,104
Operating lease right-of-use assets 758 756
Goodwill 20,736 17,283
Other intangible assets, net 9,050 6,001
Deferred income taxes 87 73
Recoverable environmental remediation costs 382 0
Other non-current assets 961 553
Total assets 42,293 33,524
Current liabilities    
Short-term debt 2,033 2
Accounts payable 2,112 1,945
Contract liabilities 1,940 1,400
Compensation and benefits 461 398
Other accrued items 1,190 818
Income taxes payable 383 376
Current portion of long-term debt, net 363 818
Liabilities of business held for sale 0 19
Total current liabilities 8,482 5,776
Non-current liabilities    
Defined benefit plans 404 262
Operating lease liabilities 736 741
Long-term debt, net 11,140 6,225
Deferred income taxes 812 719
Reserves for environmental remediation costs 524 107
Other long-term liabilities 1,479 1,070
Total liabilities 23,577 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 189,439,991 and 190,611,458 shares at September 29, 2023 and December 30, 2022, respectively 189 191
Other capital 15,470 15,677
Retained earnings 3,278 2,943
Accumulated other comprehensive loss (321) (288)
Total shareholders’ equity 18,616 18,523
Noncontrolling interests 100 101
Total equity 18,716 18,624
Total liabilities and equity $ 42,293 $ 33,524