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Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 02, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 141 $ 192
Accounts receivable, net of allowances for doubtful accounts of $6 631 674
Inventories, net 362 394
Prepaid expenses and other current assets 88 72
Total Current assets 1,222 1,332
Property and equipment, net 301 298
Goodwill 2,496 2,493
Other intangibles, net 640 757
Long-term deferred income taxes 54 52
Other long-term assets 78 92
Total Assets 4,791 5,024
Current liabilities:    
Accounts payable 347 289
Accrued liabilities 303 358
Deferred revenue 209 198
Income taxes payable 0 31
Total Current liabilities 859 876
Long-term debt 2,873 3,012
Long-term deferred revenue 118 124
Other long-term liabilities 110 99
Total Liabilities 3,960 4,111
Stockholders’ Equity:    
Preferred stock, $.01 par value; authorized 10,000,000 shares; none issued 0 0
Class A common stock, $.01 par value; authorized 150,000,000 shares; issued 72,151,857 shares 1 1
Additional paid-in capital 189 194
Treasury stock at cost, 19,375,649 and 19,990,006 shares at July 2, 2016 and December 31, 2015, respectively (615) (631)
Retained earnings 1,320 1,398
Accumulated other comprehensive loss (64) (49)
Total Stockholders’ Equity 831 913
Total Liabilities and Stockholders’ Equity $ 4,791 $ 5,024