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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
Statement of Comprehensive Income [Abstract]        
Net sales $ 9,106 $ 8,917 $ 26,661 $ 25,542
Cost of goods sold 7,564 7,457 22,103 21,504
Gross profit 1,542 1,460 4,558 4,038
Operating expenses:        
Distribution, selling and administrative costs 1,312 1,246 3,819 3,640
Total operating expenses 1,312 1,246 3,819 3,640
Operating income 230 214 739 398
Other income—net (1) (5) (4) (16)
Interest expense—net 81 65 244 180
Loss on extinguishment of debt 21 0 21 0
Income before income taxes 129 154 478 234
Income tax provision 34 45 119 62
Net income 95 109 359 172
Other comprehensive income —net of tax:        
Changes in retirement benefit obligations 1 0 1 0
Derivative, Gain on Derivative 0 0 1 0
Comprehensive income 96 109 361 172
Net income 95 109 359 172
Series A convertible preferred stock dividends 0 (9) (7) (27)
Net income available to common shareholders $ 95 $ 100 $ 352 $ 145
Net income per share        
EPS basic (in dollars per share) $ 0.38 $ 0.44 $ 1.49 $ 0.65
EPS diluted (in dollars per share) $ 0.38 $ 0.43 $ 1.43 $ 0.64
Weighted-average common shares outstanding        
Weighted Average Number of Shares Outstanding, Basic 247 225 237 224
Weighted Average Number of Shares Outstanding, Diluted 249 251 251 226