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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Oct. 01, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 163 $ 192
Accounts receivable, net of allowances for doubtful accounts of $6 599 671
Inventories, net 345 397
Prepaid expenses and other current assets 90 74
Assets held for sale 68 0
Total Current assets 1,265 1,334
Property and equipment, net 292 298
Goodwill 2,460 2,490
Other intangibles, net of accumulated amortization of $500 and $342, respectively 533 757
Long-term deferred income taxes 83 70
Other long-term assets 65 91
Total Assets 4,698 5,040
Current liabilities:    
Accounts payable 360 289
Accrued liabilities 347 367
Deferred revenue 204 197
Income taxes payable 0 42
Liabilities held for sale 21 0
Total Current liabilities 932 895
Long-term debt 2,788 3,012
Long-term deferred revenue 101 125
Other long-term liabilities 129 115
Total Liabilities 3,950 4,147
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 199 194
Treasury stock at cost, 19,335,780 and 19,990,006 shares at October 1, 2016 and December 31, 2015, respectively (614) (631)
Retained earnings 1,223 1,377
Accumulated other comprehensive loss (61) (48)
Total Stockholders’ Equity 748 893
Total Liabilities and Stockholders’ Equity $ 4,698 $ 5,040