Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jul. 04, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 549	$ 661
Restricted cash	400	0
Accounts receivable, net	1,214	1,073
Inventories, net	1,392	1,354
Other current assets	270	270
Total current assets	3,825	3,358
Property, plant and equipment, net	445	447
Goodwill	3,088	3,100
Intangible assets, net	1,049	1,091
Other assets	374	437
Total assets	8,781	8,433
Current liabilities:
Accounts payable	1,116	1,131
Accrued liabilities	605	624
Total current liabilities	1,721	1,755
Long-term debt	3,560	3,167
Other long-term liabilities	494	594
Total liabilities	5,775	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 July 4, 2026 and December 31, 2025	482	482
Common stock, $0.001 par value: 700 shares authorized, 160 and 152 shares issued and outstanding at July 4, 2026, respectively, and 158 and 150 shares issued and outstanding at December 31, 2025, respectively	0	0
Additional paid-in capital	2,424	2,391
Retained earnings	463	345
Accumulated other comprehensive loss	(186)	(157)
Treasury stock at cost	(177)	(144)
Total stockholders’ equity	3,006	2,917
Total liabilities and stockholders’ equity	$ 8,781	$ 8,433

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).