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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 26, 2022
Dec. 25, 2021
Current assets:    
Cash and cash equivalents $ 557 $ 514
Receivables, net 572 495
Inventories 866 859
Prepaid expenses and other current assets 58 52
Current assets held for sale   469
Total current assets 2,053 2,389
Property and equipment, net 466 477
Operating lease right-of-use assets 899 936
Goodwill 464 464
Other intangible assets, net 52 54
Deferred income taxes 209 219
Other assets 386 326
Total assets 4,529 4,865
Current liabilities:    
Trade accounts payable 975 950
Accrued expenses and other current liabilities 959 994
Income taxes payable 14 11
Short-term borrowings and current maturities of long-term debt 18 20
Current liabilities held for sale   290
Total current liabilities 1,966 2,265
Deferred income taxes and other long-term liabilities 155 159
Pension and postretirement obligations, net 21 22
Long-term debt, net of current maturities 181 228
Operating lease liabilities 714 753
Total liabilities 3,037 3,427
Commitments and contingencies
Stockholders' equity:    
Common stock — authorized 80,000,000 shares of $0.01 par value; issued shares — 65,357,585 at March 26, 2022 and 64,704,979 at December 25, 2021; outstanding shares — 49,092,644 at March 26, 2022 and 48,455,951 at December 25, 2021 1 1
Additional paid-in capital 2,687 2,692
Accumulated other comprehensive loss (1) (6)
Accumulated deficit (562) (617)
Treasury stock, at cost — 16,264,941 shares at March 26, 2022 and 16,249,028 shares at December 25, 2021 (633) (632)
Total stockholders' equity 1,492 1,438
Total liabilities and stockholders’ equity $ 4,529 $ 4,865