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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 24, 2022
Dec. 25, 2021
Current assets:    
Cash and cash equivalents $ 473 $ 514
Receivables, net 591 495
Inventories 890 859
Prepaid expenses and other current assets 47 52
Current assets held for sale 107 469
Total current assets 2,108 2,389
Property and equipment, net 355 477
Operating lease right-of-use assets 889 936
Goodwill 464 464
Other intangible assets, net 47 54
Deferred income taxes 185 219
Other assets 370 326
Total assets 4,418 4,865
Current liabilities:    
Trade accounts payable 853 950
Accrued expenses and other current liabilities 1,015 994
Income taxes payable 9 11
Short-term borrowings and current maturities of long-term debt 16 20
Current liabilities held for sale   290
Total current liabilities 1,893 2,265
Deferred income taxes and other long-term liabilities 124 159
Pension and postretirement obligations, net 20 22
Long-term debt, net of current maturities 175 228
Operating lease liabilities 707 753
Total liabilities 2,919 3,427
Commitments and contingencies
Stockholders' equity:    
Common stock — authorized 80,000,000 shares of $0.01 par value; issued shares — 65,632,777 at September 24, 2022 and 64,704,979 at December 25, 2021; outstanding shares — 46,736,821 at September 24, 2022 and 48,455,951 at December 25, 2021 1 1
Additional paid-in capital 2,733 2,692
Accumulated other comprehensive loss (36) (6)
Accumulated deficit (468) (617)
Treasury stock, at cost — 18,895,956 shares at September 24, 2022 and 16,249,028 shares at December 25, 2021 (731) (632)
Total stockholders' equity 1,499 1,438
Total liabilities and stockholders’ equity $ 4,418 $ 4,865