v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 25, 2026
Jan. 03, 2026
Current assets:    
Cash and cash equivalents $ 2,956 $ 3,123
Receivables, net 402 380
Inventories, net 3,815 3,646
Other current assets 128 141
Total current assets 7,301 7,290
Property and equipment, net 1,253 1,269
Operating lease right-of-use assets 2,131 2,157
Goodwill 600 600
Other intangible assets, net 399 400
Other assets 115 110
Total assets 11,799 11,826
Current liabilities:    
Accounts payable 3,054 2,977
Accrued expenses 630 756
Other current liabilities 423 443
Total current liabilities 4,107 4,176
Long-term debt 3,414 3,412
Operating lease liabilities 1,813 1,812
Deferred income taxes 153 142
Other long-term liabilities 99 86
Total liabilities 9,586 9,628
Commitments and contingencies (Note 9)
Stockholders' equity:    
Preferred stock, nonvoting, $0.0001 par value, 10 million shares authorized; no shares issued or outstanding 0 0
Common stock, voting, and additional paid-in capital, $0.0001 par value, 200 million shares authorized; 78 million shares issued and 60 million outstanding at April 25, 2026 and 78 million shares issued and 60 million outstanding at January 3, 2026 1,046 1,033
Treasury stock, at cost (2,952) (2,944)
Accumulated other comprehensive loss (36) (37)
Retained earnings 4,155 4,146
Total stockholders' equity 2,213 2,198
Total liabilities and stockholders' equity $ 11,799 $ 11,826