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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 335 $ 403
Receivables, net 516 536
Inventories 836 828
Prepaid expenses and other current assets 38 36
Current assets held for sale 13 107
Total current assets 1,738 1,910
Property and equipment, net 347 352
Operating lease right-of-use assets 893 874
Goodwill 467 464
Other intangible assets, net 43 46
Deferred income taxes 158 182
Other assets 315 321
Total assets 3,961 4,149 Close
Current liabilities:    
Trade accounts payable 864 821
Accrued expenses and other current liabilities 903 1,005
Income taxes payable 6 17
Short-term borrowings and current maturities of long-term debt 9 16
Total current liabilities 1,782 1,859
Deferred income taxes and other long-term liabilities 122 122
Pension and postretirement obligations, net 16 16
Long-term debt, net of current maturities 172 172
Operating lease liabilities 708 693
Total liabilities 2,800 2,862 Close
Commitments and contingencies
Stockholders' equity:    
Common stock-authorized 80,000,000 shares of $0.01 par value; issued shares-66,597,105 at July 1, 2023 and 65,636,015 at December 31, 2022; outstanding shares--38,187,362 at July 1, 2023 and 42,213,046 at December 31, 2022 1 1
Additional paid-in capital 2,737 2,742
Accumulated other comprehensive loss (71) (77)
Accumulated deficit (344) (451)
Treasury stock, at cost- 28,409,744 shares at July 01, 2023 and 23,422,969 shares at December 31, 2022 (1,162) (928)
Total stockholders' equity 1,161 1,287 Close
Total liabilities and stockholders’ equity $ 3,961 $ 4,149