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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 28, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 842 $ 698
Receivables, net 850 823
Inventories 929 1,032
Prepaid expenses and other current assets 79 75
Timber notes receivable   819
Total current assets 2,700 3,447
Property and equipment, net 651 679
Operating lease right-of-use assets 1,368 1,413
Goodwill 940 944
Other intangible assets, net 379 388
Deferred income taxes 160 183
Other assets 256 257
Total assets 6,454 7,311
Current liabilities:    
Trade accounts payable 1,006 1,026
Accrued expenses and other current liabilities 1,228 1,219
Income taxes payable 7 8
Short-term borrowings and current maturities of long-term debt 104 106
Non-recourse debt   735
Total current liabilities 2,345 3,094
Deferred income taxes and other long-term liabilities 167 176
Pension and postretirement obligations, net 82 85
Long-term debt, net of current maturities 548 575
Operating lease liabilities 1,177 1,208
Total liabilities 4,319 5,138
Commitments and contingencies
Stockholders' equity:    
Common stock — authorized 800,000,000 shares of $0.01 par value; issued shares — 624,690,687 at March 28, 2020 and 620,424,775 at December 28, 2019; outstanding shares — 526,342,832 at March 28, 2020 and 535,182,317 at December 28, 2019 6 6
Additional paid-in capital 2,637 2,647
Accumulated other comprehensive loss (108) (66)
Accumulated deficit (45) (89)
Treasury stock, at cost — 98,347,855 shares at March 28, 2020 and 85,242,458 shares at December 28, 2019 (355) (325)
Total stockholders' equity 2,135 2,173
Total liabilities and stockholders’ equity $ 6,454 $ 7,311