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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 30, 2019
Dec. 29, 2018
Current assets:    
Cash and cash equivalents $ 604 $ 658
Receivables, net 944 885
Inventories 1,034 1,065
Prepaid expenses and other current assets 84 75
Timber notes receivable, current maturities 836  
Total current assets 3,502 2,683
Property and equipment, net 730 763
Operating lease right-of-use assets 1,398  
Goodwill 922 914
Other intangible assets, net 409 422
Timber notes receivable   842
Deferred income taxes 244 284
Other assets 266 258
Total assets 7,471 6,166
Current liabilities:    
Trade accounts payable 1,098 1,110
Accrued expenses and other current liabilities 1,294 978
Income taxes payable   2
Short-term borrowings and current maturities of long-term debt 93 95
Non-recourse debt, current maturities 748  
Total current liabilities 3,233 2,185
Deferred income taxes and other long-term liabilities 181 300
Pension and postretirement obligations, net 111 111
Long-term debt, net of current maturities 632 690
Operating lease liabilities [1] 1,208  
Non-recourse debt   754
Total liabilities 5,365 4,040
Commitments and contingencies
Stockholders' equity:    
Common stock — authorized 800,000,000 shares of $0.01 par value; issued shares — 620,103,134 at March 30, 2019 and 614,170,704 at December 29, 2018; outstanding shares — 546,192,558 at March 30, 2019 and 543,833,428 at December 29, 2018 6 6
Additional paid-in capital 2,664 2,677
Accumulated other comprehensive loss (88) (99)
Accumulated deficit (180) (173)
Treasury stock, at cost — 73,910,576 shares at March 30, 2019 and 70,337,276 shares at December 29, 2018 (296) (285)
Total stockholders' equity 2,106 2,126
Total liabilities and stockholders’ equity $ 7,471 $ 6,166
[1] Operating lease payments include $155 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $2 million of legally binding lease payments for an additional operating lease signed but not yet commenced. This operating lease will commence in fiscal year 2019 with a lease term of 10 years.