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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 26, 2021
Dec. 26, 2020
Current assets:    
Cash and cash equivalents $ 691 $ 729
Receivables, net 681 631
Inventories 957 930
Prepaid expenses and other current assets 82 65
Total current assets 2,411 2,355
Property and equipment, net 533 576
Operating lease right-of-use assets 1,053 1,170
Goodwill 575 609
Other intangible assets, net 341 357
Deferred income taxes 151 162
Other assets 314 329
Total assets 5,378 5,558
Current liabilities:    
Trade accounts payable 979 919
Accrued expenses and other current liabilities 1,089 1,138
Income taxes payable 10 12
Short-term borrowings and current maturities of long-term debt 22 24
Total current liabilities 2,100 2,093
Deferred income taxes and other long-term liabilities 193 197
Pension and postretirement obligations, net 38 43
Long-term debt, net of current maturities 337 354
Operating lease liabilities 869 991
Total liabilities 3,537 3,678
Commitments and contingencies
Stockholders' equity:    
Common stock — authorized 80,000,000 shares of $0.01 par value; issued shares — 64,623,396 at June 26, 2021 and 62,551,255 at December 26, 2020; outstanding shares — 53,747,179 at June 26, 2021 and 52,694,062 at December 26, 2020 1 1
Additional paid-in capital 2,707 2,675
Accumulated other comprehensive loss (22) (32)
Accumulated deficit (444) (409)
Treasury stock, at cost — 10,876,217 shares at June 26, 2021 and 9,857,193 shares at December 26, 2020 (401) (355)
Total stockholders' equity 1,841 1,880
Total liabilities and stockholders’ equity $ 5,378 $ 5,558