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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 02, 2016
Jan. 02, 2016
ASSETS    
Cash and cash equivalents $ 398 $ 667
Accounts receivable, less allowance for doubtful accounts of $46 at both July 2, 2016 and January 2, 2016 1,330 1,237
Finished goods 563 609
Work in process 105 102
Raw materials 236 198
Inventories 904 909
Other current assets 295 269
Total current assets 2,927 3,082
Property, plant and equipment, at cost 2,888 2,767
Less: Accumulated depreciation (1,562) (1,447)
Net property, plant and equipment 1,326 1,320
Goodwill 5,670 5,651
Intangible assets, net 2,146 2,226
Other assets 589 621
TOTAL ASSETS 12,658 12,900
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current debt obligations 660 1,163
Accounts payable 242 201
Income taxes payable 0 201
Other current liabilities 811 901
Total current liabilities 1,713 2,466
Long-term debt 5,431 5,229
Other liabilities 1,233 1,163
Total liabilities 8,377 8,858
Commitments and Contingencies 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; 284,596,998 and 283,450,374 shares issued and outstanding at July 2, 2016 and January 2, 2016, respectively) 28 28
Additional paid-in capital 232 148
Retained earnings 4,368 4,211
Accumulated other comprehensive income (loss) (347) (345)
Total shareholders’ equity 4,281 4,042
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 12,658 $ 12,900