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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 26, 2015
Current assets:    
Cash and cash equivalents $ 763 $ 860
Receivables, net 687 746
Inventories 1,279 1,406
Prepaid expenses and other current assets 102 92
Current assets of discontinued operations 142 956
Total current assets 2,973 4,060
Property and equipment, net 601 665
Goodwill 363 363
Other intangible assets, net 33 53
Timber notes receivable 885 905
Deferred income taxes 466 11
Other assets 219 203
Non-current assets of discontinued operations   182
Total assets 5,540 6,442
Current liabilities:    
Trade accounts payable 893 987
Accrued expenses and other current liabilities 1,002 1,074
Income taxes payable 3 9
Short-term borrowings and current maturities of long-term debt 29 51
Current liabilities of discontinued operations 104 622
Total current liabilities 2,031 2,743
Deferred income taxes and other long-term liabilities 361 421
Pension and postretirement obligations, net 140 182
Long-term debt, net of current maturities 358 628
Non-recourse debt 798 819
Non-current liabilities of discontinued operations   46
Total liabilities 3,688 4,839
Commitments and contingencies
Stockholders' equity:    
Common stock - authorized 800,000,000 shares of $.01 par value; issued shares - 557,892,568 at December 31, 2016 and 554,835,306 at December 26, 2015 6 6
Additional paid-in capital 2,618 2,607
Accumulated other comprehensive income (loss) (129) 30
Accumulated deficit (453) (982)
Treasury stock, at cost - 42,802,998 shares at December 31, 2016 and 5,915,268 shares at December 26, 2015 (190) (58)
Total stockholders' equity 1,852 1,603
Total liabilities and stockholders' equity $ 5,540 $ 6,442