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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 01, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 81 $ 332
Accounts receivable, net of allowances for doubtful accounts of $1 million each as of October 1, 2022 and December 31, 2021 804 752
Inventories, net 814 491
Income tax receivable 11 8
Prepaid expenses and other current assets 161 106
Total Current assets 1,871 1,689
Property, plant and equipment, net 272 272
Right-of-use lease assets 172 131
Goodwill 3,891 3,265
Other intangibles, net 659 469
Deferred income taxes 304 192
Other long-term assets 279 197
Total Assets 7,448 6,215
Current liabilities:    
Current portion of long-term debt 144 69
Accounts payable 835 700
Accrued liabilities 675 639
Deferred revenue 401 380
Income taxes payable 18 12
Total Current liabilities 2,073 1,800
Long-term debt 2,017 922
Long-term lease liabilities 150 121
Deferred income taxes 78 6
Long-term deferred revenue 323 315
Other long-term liabilities 150 67
Total Liabilities 4,791 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 542 462
Treasury stock at cost, 20,336,198 and 18,736,582 shares as of October 1, 2022 and December 31, 2021, respectively (1,702) (1,023)
Retained earnings 3,850 3,573
Accumulated other comprehensive loss (34) (29)
Total Stockholders’ Equity 2,657 2,984
Total Liabilities and Stockholders’ Equity $ 7,448 $ 6,215