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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Apr. 02, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 141 $ 332
Accounts receivable, net of allowances for doubtful accounts of $1 million each as of April 2, 2022 and December 31, 2021 808 752
Inventories, net 469 491
Income tax receivable 14 8
Prepaid expenses and other current assets 137 106
Total Current assets 1,569 1,689
Property, plant and equipment, net 271 272
Right-of-use lease assets 133 131
Goodwill 3,266 3,265
Other intangibles, net 437 469
Deferred income taxes 226 192
Other long-term assets 227 197
Total Assets 6,129 6,215
Current liabilities:    
Current portion of long-term debt 183 69
Accounts payable 691 700
Accrued liabilities 459 639
Deferred revenue 397 380
Income taxes payable 69 12
Total Current liabilities 1,799 1,800
Long-term debt 913 922
Long-term lease liabilities 122 121
Deferred income taxes 4 6
Long-term deferred revenue 318 315
Other long-term liabilities 67 67
Total Liabilities 3,223 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 487 462
Treasury stock at cost, 19,367,014 and 18,736,582 shares as of April 2, 2022 and December 31, 2021, respectively (1,331) (1,023)
Retained earnings 3,778 3,573
Accumulated other comprehensive loss (29) (29)
Total Stockholders’ Equity 2,906 2,984
Total Liabilities and Stockholders’ Equity $ 6,129 $ 6,215