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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 392 $ 403
Receivables, net 487 536
Inventories 765 828
Prepaid expenses and other current assets 28 36
Current assets held for sale 6 107
Total current assets 1,678 1,910
Property and equipment, net 359 352
Operating lease right-of-use assets 983 874
Goodwill 403 464
Other intangible assets, net 45 46
Deferred income taxes 140 182
Other assets 278 321
Total assets 3,886 4,149 Close
Current liabilities:    
Trade accounts payable 755 821
Accrued expenses and other current liabilities 923 1,005
Income taxes payable 6 17
Short-term borrowings and current maturities of long-term debt 9 16
Total current liabilities 1,693 1,859
Deferred income taxes and other long-term liabilities 123 122
Pension and postretirement obligations, net 15 16
Long-term debt, net of current maturities 165 172
Operating lease liabilities, net of current portion 789 [1] 693
Total liabilities 2,785 2,862 Close
Contingencies (Note 15)
Stockholders’ equity:    
Common stock -- authorized 80,000,000 shares of $0.01 par value; issued shares -- 66,700,292 at December 30, 2023 and 65,636,015 at December 31, 2022; outstanding shares -- 36,959,377 at December 30, 2023 and 42,213,046 at December 31, 2022 1 1
Additional paid-in capital 2,752 2,742
Accumulated other comprehensive loss (114) (77)
Accumulated deficit (312) (451)
Treasury stock, at cost -- 29,740,915 shares at December 30, 2023 and 23,422,969 shares at December 31, 2022 (1,226) (928)
Total stockholders’ equity 1,101 1,287 Close
Total liabilities and stockholders’ equity $ 3,886 $ 4,149
[1] Operating lease payments include $6 million related to options to extend lease terms that are reasonably certain of being exercised.