v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Jun. 27, 2025
Jan. 03, 2025
Current assets    
Cash and cash equivalents $ 482 $ 615
Receivables, net of allowances of $24 and $21, respectively 1,437 1,072
Contract assets 3,857 3,230
Inventories, net 1,258 1,330
Income taxes receivable 93 379
Other current assets 481 461
Assets of business held for sale 0 1,131
Total current assets 7,608 8,218
Non-current assets    
Property, plant and equipment, net 2,742 2,806
Goodwill 20,372 20,325
Intangible assets, net 7,261 7,639
Deferred income taxes 89 120
Other non-current assets 3,168 2,893
Total assets 41,240 42,001
Current liabilities    
Short-term debt 985 515
Current portion of long-term debt, net 141 640
Accounts payable 2,033 2,005
Contract liabilities 2,317 2,142
Compensation and benefits 444 419
Other current liabilities 1,402 1,677
Liabilities of business held for sale 0 235
Total current liabilities 7,322 7,633
Non-current liabilities    
Long-term debt, net 10,976 11,081
Deferred income taxes 800 942
Other non-current liabilities 2,864 2,766
Total liabilities 21,962 22,422
Shareholders’ Equity:    
Common stock, $1.00 par value; 500,000,000 shares authorized; issued and outstanding 186,912,403 and 189,794,911 shares at June 27, 2025 and January 3, 2025, respectively 187 190
Paid-in capital 15,090 15,558
Retained earnings 3,970 3,739
Accumulated other comprehensive income 31 27
Total shareholders’ equity 19,278 19,514
Noncontrolling interests 0 65
Total equity 19,278 19,579
Total liabilities and equity $ 41,240 $ 42,001