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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 26, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 39 $ 30
Accounts receivable, net of allowances for doubtful accounts of $2 million as of September 26, 2020 and December 31, 2019 535 613
Inventories, net 484 474
Income tax receivable 59 32
Prepaid expenses and other current assets 75 46
Total Current assets 1,192 1,195
Property, plant and equipment, net 265 259
Right-of-use lease assets 113 107
Goodwill 2,998 2,622
Other intangibles, net 427 275
Deferred income taxes 84 127
Other long-term assets 166 126
Total Assets 5,245 4,711
Current liabilities:    
Current portion of long-term debt 481 197
Accounts payable 546 552
Accrued liabilities 443 379
Deferred revenue 286 238
Income taxes payable 9 38
Total Current liabilities 1,765 1,404
Long-term debt 1,086 1,080
Long-term lease liabilities 110 100
Long-term deferred revenue 248 221
Other long-term liabilities 105 67
Total Liabilities 3,314 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 372 339
Treasury stock at cost, 18,853,395 and 18,148,925 shares as of September 26, 2020 and December 31, 2019, respectively (917) (689)
Retained earnings 2,537 2,232
Accumulated other comprehensive loss (62) (44)
Total Stockholders’ Equity 1,931 1,839
Total Liabilities and Stockholders’ Equity 5,245 4,711
Allowance for doubtful accounts $ 2 $ 2