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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 29, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 27 $ 44
Accounts receivable, net of allowances for doubtful accounts of $2 million and $3 million as of June 29, 2019 and December 31, 2018, respectively 556 520
Inventories, net 484 520
Income tax receivable 78 24
Prepaid expenses and other current assets 43 54
Total Current assets 1,188 1,162
Property, plant and equipment, net 251 249
Right-of-use lease asset 114  
Goodwill 2,622 2,495
Other intangibles, net 323 232
Long-term deferred income taxes 88 114
Other long-term assets 115 87
Total Assets 4,701 4,339
Current liabilities:    
Current portion of long-term debt 156 157
Accounts payable 472 552
Accrued liabilities 282 322
Deferred revenue 230 210
Income taxes payable 60 60
Total Current liabilities 1,200 1,301
Long-term debt 1,561 1,434
Long-term lease liabilities 104  
Long-term deferred income taxes 1 8
Long-term deferred revenue 188 172
Other long-term liabilities 88 89
Total Liabilities 3,142 3,004
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 314 294
Treasury stock at cost, 18,044,028 and 18,280,673 shares as of June 29, 2019 and December 31, 2018, respectively (643) (613)
Retained earnings 1,927 1,688
Accumulated other comprehensive loss (40) (35)
Total Stockholders’ Equity 1,559 1,335
Total Liabilities and Stockholders’ Equity $ 4,701 $ 4,339