XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1Close
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Apr. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 343 $ 403
Receivables, net 524 536
Inventories 793 828
Prepaid expenses and other current assets 43 36
Current assets held for sale 110 107
Total current assets 1,813 1,910
Property and equipment, net 345 352
Operating lease right-of-use assets 885 874
Goodwill 467 464
Other intangible assets, net 44 46
Deferred income taxes 165 182
Other assets 322 321
Total assets 4,041 4,149 Close
Current liabilities:    
Trade accounts payable 903 821
Accrued expenses and other current liabilities 923 1,005
Income taxes payable 7 17
Short-term borrowings and current maturities of long-term debt 12 16
Total current liabilities 1,845 1,859
Deferred income taxes and other long-term liabilities 123 122
Pension and postretirement obligations, net 16 16
Long-term debt, net of current maturities 210 172
Operating lease liabilities 699 693
Total liabilities 2,893 2,862 Close
Commitments and contingencies
Stockholders' equity:    
Common stock - authorized 80,000,000 shares of $0.01 par valure; issued shares - 66,448,993 at April 01, 2023 and 65,636,015 at December 31,2022; outstanding shares - 38,763,384 at April 01,2023 and 42,213,046 at December 31,2022 1 1
Additional paid-in capital 2,732 2,742
Accumulated other comprehensive loss (75) (77)
Accumulated deficit (379) (451)
Treasury stock, at cost - 27,685,609 shares at April 01, 2023 and 23,422,969 shares at December 31, 2022 (1,131) (928)
Total stockholders' equity 1,148 1,287 Close
Total liabilities and stockholders’ equity $ 4,041 $ 4,149