v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 19, 2025
Dec. 28, 2024
Current assets:    
Cash and cash equivalents $ 1,672 $ 1,869
Receivables, net 494 544
Inventories, net 3,731 3,612
Other current assets 183 118
Total current assets 6,080 6,143
Property and equipment, net 1,265 1,334
Operating lease right-of-use assets 2,185 2,243
Goodwill 600 598
Other intangible assets, net 404 406
Other assets 83 74
Total assets 10,617 10,798
Current liabilities:    
Accounts payable 3,425 3,408
Accrued expenses 663 784
Current portion of long-term debt 299 0
Other current liabilities 406 473
Total current liabilities 4,793 4,665
Long-term debt 1,491 1,789
Operating lease liabilities 1,881 1,897
Deferred income taxes 171 193
Other long-term liabilities 84 84
Total liabilities 8,420 8,628
Commitments and contingencies (Note 13)
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 19, 2025 and 78 million shares issued and 60 million outstanding at December 28, 2024 1,007 994
Treasury stock, at cost (2,942) (2,940)
Accumulated other comprehensive loss (40) (47)
Retained earnings 4,172 4,163
Total stockholders’ equity 2,197 2,170
Total liabilities and stockholders’ equity $ 10,617 $ 10,798