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CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Mar. 29, 2024
Dec. 29, 2023
Current assets    
Cash and cash equivalents $ 477 $ 560
Receivables, net of allowances for collection losses of $13 and $15, respectively 1,209 1,230
Contract assets 3,502 3,196
Inventories 1,476 1,472
Other current assets 466 491
Assets of business held for sale 1,136 1,106
Total current assets 8,266 8,055
Non-current assets    
Property, plant and equipment, net 2,836 2,862
Goodwill 20,070 19,979
Other intangible assets, net 8,340 8,540
Deferred income taxes 113 91
Other non-current assets 2,191 2,160
Total assets 41,816 41,687
Current liabilities    
Short-term debt 2,203 1,602
Current portion of long-term debt, net 365 363
Accounts payable 2,112 2,106
Contract liabilities 1,777 1,900
Compensation and benefits 379 544
Other accrued items 1,174 1,129
Income taxes payable 182 88
Liabilities of business held for sale 245 272
Total current liabilities 8,437 8,004
Non-current liabilities    
Long-term debt, net 11,140 11,160
Deferred income taxes 683 815
Other long-term liabilities 2,826 2,879
Total liabilities 23,086 22,858
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 189,463,015 and 189,808,581 shares at March 29, 2024 and December 29, 2023, respectively 189 190
Paid-in capital 15,472 15,553
Retained earnings 3,239 3,220
Accumulated other comprehensive loss (234) (198)
Total shareholders’ equity 18,666 18,765
Noncontrolling interests 64 64
Total equity 18,730 18,829
Total liabilities and equity $ 41,816 $ 41,687