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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 127 $ 137
Accounts receivable, net of allowances for doubtful accounts of $1 each as of March 30, 2024 and December 31, 2023 599 521
Inventories, net 705 804
Income tax receivable 36 63
Prepaid expenses and other current assets 160 147
Total Current assets 1,627 1,672
Property, plant and equipment, net 304 309
Right-of-use lease assets 166 169
Goodwill 3,894 3,895
Other intangibles, net 501 527
Deferred income taxes 455 438
Other long-term assets 312 296
Total Assets 7,259 7,306
Current liabilities:    
Current portion of long-term debt 272 173
Accounts payable 467 456
Accrued liabilities 437 504
Deferred revenue 456 458
Income taxes payable 11 7
Total Current liabilities 1,643 1,598
Long-term debt 1,815 2,047
Long-term lease liabilities 151 152
Deferred income taxes 66 67
Long-term deferred revenue 304 312
Other long-term liabilities 111 94
Total Liabilities 4,090 4,270
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 629 615
Treasury stock at cost, 20,751,889 and 20,772,995 shares as of March 30, 2024 and December 31, 2023, respectively (1,858) (1,858)
Retained earnings 4,447 4,332
Accumulated other comprehensive loss (50) (54)
Total Stockholders’ Equity 3,169 3,036
Total Liabilities and Stockholders’ Equity $ 7,259 $ 7,306