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Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 27, 2014
Dec. 28, 2013
ASSETS    
Cash and cash equivalents $ 1,294 $ 1,373
Accounts receivable, less allowance for doubtful accounts of $50 million and $45 million at September 27, 2014 and December 28, 2013, respectively 1,334 1,422
Inventories 813 708
Deferred income taxes 225 229
Other current assets 170 178
Total current assets 3,836 3,910
Property, plant and equipment, at cost 2,860 2,799
Less accumulated depreciation (1,500) (1,389)
Net property, plant and equipment 1,360 1,410
Goodwill 3,577 3,524
Intangible assets, net 906 911
Deferred income taxes 100 116
Other assets 457 377
TOTAL ASSETS 10,236 10,248
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current debt obligations 810 62
Accounts payable 194 247
Dividends payable 77 72
Income taxes payable 5 32
Employee compensation and related benefits 284 312
Other current liabilities 618 655
Total current liabilities 1,988 1,380
Long-term debt 3,054 3,518
Deferred income taxes 263 240
Other liabilities 786 706
Total liabilities 6,091 5,844
Commitments and Contingencies (Note 6) 0 0
Shareholders’ Equity    
Preferred stock ($1.00 par value; 25,000,000 shares authorized; none outstanding) 0 0
Common stock ($0.10 par value; 500,000,000 shares authorized; 285,553,894 and 289,117,352 shares issued and outstanding at September 27, 2014 and December 28, 2013, respectively) 29 29
Additional paid-in capital 77 220
Retained earnings 4,057 3,936
Accumulated other comprehensive income (loss) (68) 46
Total shareholders' equity before noncontrolling interest 4,095 4,231
Noncontrolling interest 50 173
Total shareholders’ equity 4,145 4,404
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 10,236 $ 10,248