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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 02, 2016
Jan. 02, 2016
ASSETS    
Cash and cash equivalents $ 325 $ 667
Accounts receivable, less allowance for doubtful accounts of $46 at April 2, 2016 and January 2, 2016 1,260 1,237
Finished goods 566 609
Work in process 116 102
Raw materials 249 198
Inventories 931 909
Other current assets 287 269
Total current assets 2,803 3,082
Property, plant and equipment, at cost 2,823 2,767
Less: Accumulated depreciation (1,499) (1,447)
Net property, plant and equipment 1,324 1,320
Goodwill 5,676 5,651
Intangible assets, net 2,188 2,226
Other assets 561 621
TOTAL ASSETS 12,552 12,900
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current debt obligations 467 1,163
Accounts payable 288 201
Income taxes payable 0 201
Other current liabilities 875 901
Total current liabilities 1,630 2,466
Long-term debt 5,591 5,229
Other liabilities 1,232 1,163
Total liabilities 8,453 8,858
Commitments and Contingencies (Note 3) 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; 283,873,898 and 283,450,374 shares issued and outstanding at April 2, 2016 and January 2, 2016, respectively) 28 28
Additional paid-in capital 180 148
Retained earnings 4,218 4,211
Accumulated other comprehensive income (loss) (327) (345)
Total shareholders’ equity 4,099 4,042
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 12,552 $ 12,900