v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Apr. 04, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 438 $ 661
Accounts receivable, net 1,114 1,073
Inventories, net 1,357 1,354
Other current assets 265 270
Total current assets 3,174 3,358
Property, plant and equipment, net 444 447
Goodwill 3,096 3,100
Intangible assets, net 1,069 1,091
Other assets 424 437
Total assets 8,207 8,433
Current liabilities:    
Accounts payable 1,015 1,131
Accrued liabilities 516 624
Total current liabilities 1,531 1,755
Long-term debt 3,165 3,167
Other liabilities 589 594
Total liabilities 5,285 5,516
COMMITMENTS AND CONTINGENCIES (Note 15)
Stockholders’ equity:    
Preferred stock, $0.001 par value, 100 shares authorized, 0.5 shares issued and outstanding, and $500 liquidation preference at April 4, 2026 and March 29, 2025 482 482
Common stock, $0.001 par value: 700 shares authorized, 160 and 151 shares issued and outstanding at December 31, 2026, respectively, and 158 and 150 shares issued and outstanding at December 31, 2025, respectively 0 0
Additional paid-in capital 2,410 2,391
Retained earnings 374 345
Accumulated other comprehensive loss (168) (157)
Treasury stock at cost (176) (144)
Total stockholders’ equity 2,922 2,917
Total liabilities and stockholders’ equity $ 8,207 $ 8,433