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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 28, 2019
Dec. 29, 2018
Current assets:    
Cash and cash equivalents $ 698 $ 658
Receivables, net 823 885
Inventories 1,032 1,065
Prepaid expenses and other current assets 75 75
Timber notes receivable, current maturities 819 0
Total current assets 3,447 2,683
Property and equipment, net 679 763
Operating lease right-of-use assets 1,413  
Goodwill 944 914
Other intangible assets, net 388 422
Timber notes receivable   842
Deferred income taxes 183 284
Other assets 257 258
Total assets 7,311 6,166
Current liabilities:    
Trade accounts payable 1,026 1,110
Accrued expenses and other current liabilities 1,219 978
Income taxes payable 8 2
Short-term borrowings and current maturities of long-term debt 106 95
Non-recourse debt, current maturities 735  
Total current liabilities 3,094 2,185
Deferred income taxes and other long-term liabilities 176 300
Pension and postretirement obligations, net 85 111
Long-term debt, net of current maturities 575 690
Operating lease liabilities [1] 1,208  
Non-recourse debt   754
Total liabilities 5,138 4,040
Commitments and contingencies
Stockholders’ equity:    
Common stock — authorized 800,000,000 shares of $0.01 par value; issued shares — 620,424,775 at December 28, 2019 and 614,170,704 at December 29, 2018; outstanding shares — 535,182,317 at December 28, 2019 and 543,833,428 at December 29, 2018 6 6
Additional paid-in capital 2,647 2,677
Accumulated other comprehensive loss (66) (99)
Accumulated deficit (89) (173)
Treasury stock, at cost — 85,242,458 shares at December 28, 2019 and 70,337,276 shares at December 29, 2018 (325) (285)
Total stockholders’ equity 2,173 2,126
Total liabilities and stockholders’ equity $ 7,311 $ 6,166
[1] Operating lease payments include $116 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $8 million of legally binding lease payments for 3 additional operating leases signed but not yet commenced. These operating leases will commence in fiscal year 2020 with lease terms of 10 years.