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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 25, 2016
Dec. 26, 2015
Current assets:    
Cash and cash equivalents $ 1,118 $ 1,069
Receivables, net 1,055 1,166
Inventories 1,560 1,698
Prepaid expenses and other current assets 112 127
Total current assets 3,845 4,060
Property and equipment, net 750 785
Goodwill 378 378
Other intangible assets, net 47 54
Timber notes receivable 895 905
Deferred income taxes 22 24
Other assets 236 236
Total assets 6,173 6,442
Current liabilities:    
Trade accounts payable 1,145 1,319
Accrued expenses and other current liabilities 1,100 1,355
Income taxes payable 7 13
Short-term borrowings and current maturities of long-term debt 37 56
Total current liabilities 2,289 2,743
Deferred income taxes and other long-term liabilities 417 459
Pension and postretirement obligations, net 182 184
Long-term debt, net of current maturities 617 634
Non-recourse debt 808 819
Total liabilities 4,313 4,839
Commitments and contingencies
Stockholders' equity:    
Common stock-authorized 800,000,000 shares of $.01 par value; issued shares - 557,203,768 in June 2016 and 554,835,306 in December 2015 6 6
Additional paid-in capital 2,624 2,607
Accumulated other comprehensive income 41 30
Accumulated deficit (727) (982)
Treasury stock, at cost - 13,274,064 shares in 2016 and 5,915,268 shares in 2015 (84) (58)
Total equity 1,860 1,603
Total liabilities and stockholders' equity $ 6,173 $ 6,442