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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 02, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 98 $ 332
Accounts receivable, net of allowances for doubtful accounts of $1 million each as of July 2, 2022 and December 31, 2021 925 752
Inventories, net 632 491
Income tax receivable 20 8
Prepaid expenses and other current assets 131 106
Total Current assets 1,806 1,689
Property, plant and equipment, net 265 272
Right-of-use lease assets 174 131
Goodwill 3,929 3,265
Other intangibles, net 659 469
Deferred income taxes 311 192
Other long-term assets 241 197
Total Assets 7,385 6,215
Current liabilities:    
Current portion of long-term debt 144 69
Accounts payable 827 700
Accrued liabilities 714 639
Deferred revenue 413 380
Income taxes payable 15 12
Total Current liabilities 2,113 1,800
Long-term debt 2,017 922
Long-term lease liabilities 155 121
Deferred income taxes 71 6
Long-term deferred revenue 318 315
Other long-term liabilities 198 67
Total Liabilities 4,872 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 512 462
Treasury stock at cost, 20,196,863 and 18,736,582 shares as of July 2, 2022 and December 31, 2021, respectively (1,652) (1,023)
Retained earnings 3,680 3,573
Accumulated other comprehensive loss (28) (29)
Total Stockholders’ Equity 2,513 2,984
Total Liabilities and Stockholders’ Equity $ 7,385 $ 6,215