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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Statement of Comprehensive Income [Abstract]    
Net sales $ 8,949 $ 8,542
Cost of goods sold 7,454 7,117
Gross profit 1,495 1,425
Operating expenses:    
Distribution, selling and administrative costs 1,317 1,238
Restructuring costs and asset impairment charges 13 0
Total operating expenses 1,330 1,238
Operating income 165 187
Other income—net (1) (1)
Interest expense—net 79 81
Income before income taxes 87 107
Income tax provision 5 25
Net income 82 82
Other comprehensive income —net of tax:    
Changes in retirement benefit obligations 2 1
Comprehensive income 84 83
Net income 82 82
Series A convertible preferred stock dividends 0 (7)
Net income available to common shareholders $ 82 $ 75
Net income per share    
EPS basic (in dollars per share) $ 0.33 $ 0.33
EPS diluted (in dollars per share) $ 0.33 $ 0.32
Weighted-average common shares outstanding    
Basic weighted average shares outstanding (in shares) 245 226
Diluted weighted average shares outstanding (in shares) 248 252