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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 85 $ 105
Accounts receivable, net of allowances for doubtful accounts of $1 million each as of April 1, 2023 and December 31, 2022 736 768
Inventories, net 835 860
Income tax receivable 22 26
Prepaid expenses and other current assets 140 124
Total Current assets 1,818 1,883
Property, plant and equipment, net 280 278
Right-of-use lease assets 172 156
Goodwill 3,895 3,899
Other intangibles, net 604 630
Deferred income taxes 432 407
Other long-term assets 273 276
Total Assets 7,474 7,529
Current liabilities:    
Current portion of long-term debt 215 214
Accounts payable 602 811
Accrued liabilities 671 744
Deferred revenue 447 425
Income taxes payable 139 138
Total Current liabilities 2,074 2,332
Long-term debt 1,880 1,809
Long-term lease liabilities 157 139
Deferred income taxes 75 75
Long-term deferred revenue 333 333
Other long-term liabilities 64 108
Total Liabilities 4,583 4,796
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 584 561
Treasury stock at cost, 20,726,888 and 20,700,357 shares as of April 1, 2023 and December 31, 2022, respectively (1,814) (1,799)
Retained earnings 4,186 4,036
Accumulated other comprehensive loss (66) (66)
Total Stockholders’ Equity 2,891 2,733
Total Liabilities and Stockholders’ Equity $ 7,474 $ 7,529