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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 28, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 24 $ 30
Accounts receivable, net of allowances for doubtful accounts of $2 million as of March 28, 2020 and December 31, 2019 500 613
Inventories, net 443 474
Income tax receivable 36 32
Prepaid expenses and other current assets 48 46
Total Current assets 1,051 1,195
Property, plant and equipment, net 257 259
Right-of-use lease assets 102 107
Goodwill 2,618 2,622
Other intangibles, net 258 275
Deferred income taxes 129 127
Other long-term assets 125 126
Total Assets 4,540 4,711
Current liabilities:    
Current portion of long-term debt 230 197
Accounts payable 447 552
Accrued liabilities 280 379
Deferred revenue 252 238
Income taxes payable 28 38
Total Current liabilities 1,237 1,404
Long-term debt 1,167 1,080
Long-term lease liabilities 95 100
Long-term deferred revenue 226 221
Other long-term liabilities 88 67
Total Liabilities 2,813 2,872
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 346 339
Treasury stock at cost, 19,086,234 and 18,148,925 shares as of March 28, 2020 and December 31, 2019, respectively (890) (689)
Retained earnings 2,321 2,232
Accumulated other comprehensive loss (51) (44)
Total Stockholders’ Equity 1,727 1,839
Total Liabilities and Stockholders’ Equity $ 4,540 $ 4,711