v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jul. 03, 2026
Jan. 02, 2026
Current assets    
Cash and cash equivalents $ 1,521 $ 1,069
Receivables, net 1,950 1,371
Contract assets 3,674 3,566
Inventories, net 1,272 1,219
Other current assets 656 484
Assets of business held for sale 1,010 884
Total current assets 10,083 8,593
Non-current assets    
Property, plant and equipment, net 2,686 2,665
Goodwill 19,996 20,010
Intangible assets, net 6,540 6,509
Deferred income taxes 65 76
Other non-current assets 3,568 3,342
Total assets 42,938 41,195
Current liabilities    
Current portion of long-term debt 1,815 673
Accounts payable 2,085 2,461
Contract liabilities 2,936 2,262
Compensation and benefits 376 482
Other current liabilities 1,192 1,235
Liabilities of business held for sale 113 113
Total current liabilities 8,517 7,226
Non-current liabilities    
Long-term debt, net 9,184 10,443
Deferred income taxes 1,369 1,114
Other non-current liabilities 2,702 2,777
Total liabilities 22,088 21,560
Redeemable subsidiary Series A convertible preferred stock, $1,422 redemption amount 968 0
Shareholders’ Equity:    
Common stock, $1 par value per share 186 187
Paid-in capital 14,882 15,117
Retained earnings 4,723 4,212
Accumulated other comprehensive income 91 119
Total equity 19,882 19,635
Total liabilities, mezzanine equity, and equity 42,938 41,195
Subsidiary Series A preferred stock conversion feature    
Non-current liabilities    
Derivative liability 130 0
Subsidiary warrants    
Non-current liabilities    
Derivative liability $ 186 $ 0