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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 28, 2025
Dec. 28, 2024
ASSETS    
Cash and cash equivalents $ 1,567 $ 1,334
Trade receivables (net of allowances of $26 at June 28, 2025 and $26 at December 28, 2024) 2,344 2,147
Inventories 3,567 3,376
Prepaid expenses 258 215
Marketable Securities, Current 997 0
Other current assets 508 583
Total current assets 9,241 7,655
Property, plant and equipment, net 7,251 7,152
Goodwill 22,226 28,673
Intangible assets, net 37,782 40,099
Other non-current assets 5,081 4,708
TOTAL ASSETS 81,581 88,287
LIABILITIES AND EQUITY    
Current portion of long-term debt 1,904 654
Accounts payable 4,340 4,188
Accrued marketing 749 697
Interest payable 281 263
Other current liabilities 1,350 1,451
Total current liabilities 8,624 7,253
Long-term debt 19,307 19,215
Deferred income taxes 9,103 9,679
Accrued postemployment costs 139 135
Long-term deferred income 1,348 1,374
Other non-current liabilities 1,568 1,306
TOTAL LIABILITIES 40,089 38,962
Commitments and Contingencies (Note 14)
Redeemable noncontrolling interest 7 6
Equity:    
Common stock, $0.01 par value (5,000 shares authorized; 1,257 shares issued and 1,184 shares outstanding at June 28, 2025; 1,254 shares issued and 1,195 shares outstanding at December 28, 2024) 12 12
Additional paid-in capital 52,196 52,135
Retained earnings/(deficit) (5,895) 2,171
Accumulated other comprehensive income/(losses) (2,319) (2,915)
Treasury stock, at cost (73 shares at June 28, 2025 and 59 shares at December 28, 2024) (2,636) (2,218)
Total shareholders' equity 41,358 49,185
Noncontrolling interest 127 134
TOTAL EQUITY 41,485 49,319
TOTAL LIABILITIES AND EQUITY $ 81,581 $ 88,287