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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 02, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 307 $ 168
Accounts receivable, net of allowances for doubtful accounts of $1 million as of October 2, 2021 and December 31, 2020, respectively 613 508
Inventories, net 438 511
Current income taxes 72 16
Prepaid expenses and other current assets 94 70
Total Current assets 1,524 1,273
Property, plant and equipment, net 274 274
Right-of-use lease assets 130 135
Goodwill 3,194 2,988
Other intangibles, net 456 402
Deferred income taxes 106 139
Other long-term assets 181 164
Total Assets 5,865 5,375
Current liabilities:    
Current portion of long-term debt 51 364
Accounts payable 609 601
Accrued liabilities 550 559
Deferred revenue 363 308
Income taxes payable 8 19
Total Current liabilities 1,581 1,851
Long-term debt 940 881
Long-term lease liabilities 120 129
Long-term deferred revenue 318 273
Other long-term liabilities 90 97
Total Liabilities 3,049 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 447 395
Treasury stock at cost, 18,697,788 and 18,689,775 shares as of October 2, 2021 and December 31, 2020, respectively (986) (919)
Retained earnings 3,382 2,736
Accumulated other comprehensive loss (28) (69)
Total Stockholders’ Equity 2,816 2,144
Total Liabilities and Stockholders’ Equity $ 5,865 $ 5,375