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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 01, 2016
Jan. 02, 2016
ASSETS    
Cash and cash equivalents $ 394 $ 667
Accounts receivable, less allowance for doubtful accounts of $49 and $46 at October 1, 2016 and January 2, 2016, respectively 1,290 1,237
Finished goods 555 609
Work in process 109 102
Raw materials 246 198
Inventories 910 909
Other current assets 222 269
Total current assets 2,816 3,082
Property, plant and equipment, at cost 2,942 2,767
Less: Accumulated depreciation (1,606) (1,447)
Net property, plant and equipment 1,336 1,320
Goodwill 5,678 5,651
Intangible assets, net 2,108 2,226
Other assets 603 621
TOTAL ASSETS 12,541 12,900
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current debt obligations 371 1,163
Accounts payable 232 201
Income taxes payable 48 201
Other current liabilities 806 901
Total current liabilities 1,457 2,466
Long-term debt 5,403 5,229
Other liabilities 1,195 1,163
Total liabilities 8,055 8,858
Commitments and Contingencies
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; 285,600,918 and 283,450,374 shares issued and outstanding at October 1, 2016 and January 2, 2016, respectively) 29 28
Additional paid-in capital 311 148
Retained earnings 4,491 4,211
Accumulated other comprehensive income (loss) (345) (345)
Total shareholders’ equity 4,486 4,042
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 12,541 $ 12,900