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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 269 $ 211
Accounts receivable, less allowances of $18 and $30 1,854 1,705
Vendor receivables, less allowances of $5 and $8 156 143
Inventories—net 1,600 1,616
Prepaid expenses 138 124
Assets held for sale 0 2
Other current assets 14 19
Total current assets 4,031 3,820
Property and equipment—net 2,280 2,171
Goodwill 5,697 5,625
Other intangibles—net 803 785
Other assets 376 372
Total assets 13,187 12,773 Close
Current liabilities:    
Cash overdraft liability 220 175
Accounts payable 2,051 1,855
Accrued expenses and other current liabilities 731 650
Current portion of long-term debt 110 116
Total current liabilities 3,112 2,796
Long-term debt 4,564 4,738
Noncurrent deferred tax liability 293 298
Other long-term liabilities 469 446
Total liabilities 8,438 8,278 Close
Commitments and contingencies (Note 22)
Series A convertible preferred stock, $0.01 par value—25 shares authorized; 0 and 0.5 issued and outstanding as of December 30, 2023 and December 31, 2022, respectively 0 534 Close
Shareholders’ equity:    
Common stock, $0.01 par value—600 shares authorized; 253 and 225 issued and outstanding as of December 30, 2023 and December 31, 2022, respectively 3 2
Additional paid-in capital 3,663 3,036
Retained earnings 1,509 1,010
Accumulated other comprehensive loss (115) (73)
Treasury Stock, 7.8 and 0.5 shares, respectively (311) (14)
Total shareholders’ equity 4,749 3,961 Close
Total liabilities, mezzanine equity and shareholders’ equity $ 13,187 $ 12,773