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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 27, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 63 $ 30
Accounts receivable, net of allowances for doubtful accounts of $2 million as of June 27, 2020 and December 31, 2019, respectively 406 613
Inventories, net 513 474
Income tax receivable 52 32
Prepaid expenses and other current assets 60 46
Total Current assets 1,094 1,195
Property, plant and equipment, net 252 259
Right-of-use lease assets 109 107
Goodwill 2,621 2,622
Other intangibles, net 242 275
Deferred income taxes 123 127
Other long-term assets 166 126
Total Assets 4,607 4,711
Current liabilities:    
Current portion of long-term debt 233 197
Accounts payable 503 552
Accrued liabilities 369 379
Deferred revenue 273 238
Income taxes payable 11 38
Total Current liabilities 1,389 1,404
Long-term debt 986 1,080
Long-term lease liabilities 105 100
Long-term deferred revenue 232 221
Other long-term liabilities 92 67
Total Liabilities 2,804 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 350 339
Treasury stock at cost, 18,828,806 and 18,148,925 shares as of June 27, 2020 and December 31, 2019, respectively (911) (689)
Retained earnings 2,421 2,232
Accumulated other comprehensive loss (58) (44)
Total Stockholders’ Equity 1,803 1,839
Total Liabilities and Stockholders’ Equity 4,607 4,711
Allowance for doubtful accounts $ 2 $ 2