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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 27, 2021
Dec. 26, 2020
Current assets:    
Cash and cash equivalents $ 753 $ 729
Receivables, net 687 631
Inventories 929 930
Prepaid expenses and other current assets 75 65
Total current assets 2,444 2,355
Property and equipment, net 546 576
Operating lease right-of-use assets 1,096 1,170
Goodwill 677 609
Other intangible assets, net 357 357
Deferred income taxes 156 162
Other assets 322 329
Total assets 5,598 5,558
Current liabilities:    
Trade accounts payable 959 919
Accrued expenses and other current liabilities 1,141 1,138
Income taxes payable 6 12
Short-term borrowings and current maturities of long-term debt 23 24
Total current liabilities 2,129 2,093
Deferred income taxes and other long-term liabilities 201 197
Pension and postretirement obligations, net 41 43
Long-term debt, net of current maturities 344 354
Operating lease liabilities 923 991
Total liabilities 3,638 3,678
Commitments and contingencies
Stockholders' equity:    
Common stock — authorized 80,000,000 shares of $0.01 par value; issued shares — 64,604,629 at March 27, 2021 and 62,551,255 at December 26, 2020; outstanding shares — 54,747,436 at March 27, 2021 and 52,694,062 at December 26, 2020 1 1
Additional paid-in capital 2,697 2,675
Accumulated other comprehensive loss (27) (32)
Accumulated deficit (356) (409)
Treasury stock, at cost — 9,857,193 shares at March 27, 2021 and December 26, 2020 (355) (355)
Total stockholders' equity 1,960 1,880
Total liabilities and stockholders’ equity $ 5,598 $ 5,558