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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 03, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 318 $ 168
Accounts receivable, net of allowances for doubtful accounts of $1 million as of July 3, 2021 and December 31, 2020, respectively 567 508
Inventories, net 485 511
Current income taxes 54 16
Prepaid expenses and other current assets 102 70
Total Current assets 1,526 1,273
Property, plant and equipment, net 270 274
Right-of-use lease assets 125 135
Goodwill 2,989 2,988
Other intangibles, net 372 402
Deferred income taxes 131 139
Other long-term assets 180 164
Total Assets 5,593 5,375
Current liabilities:    
Current portion of long-term debt 47 364
Accounts payable 597 601
Accrued liabilities 524 559
Deferred revenue 348 308
Income taxes payable 34 19
Total Current liabilities 1,550 1,851
Long-term debt 944 881
Long-term lease liabilities 118 129
Long-term deferred revenue 299 273
Other long-term liabilities 93 97
Total Liabilities 3,004 3,231
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 427 395
Treasury stock at cost, 18,748,564 and 18,689,775 shares as of July 3, 2021 and December 31, 2020, respectively (984) (919)
Retained earnings 3,183 2,736
Accumulated other comprehensive loss (38) (69)
Total Stockholders’ Equity 2,589 2,144
Total Liabilities and Stockholders’ Equity $ 5,593 $ 5,375