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Restructuring Liabilities
9 Months Ended
Sep. 28, 2024
Restructuring and Related Activities [Abstract]  
Restructuring Liabilities RESTRUCTURING LIABILITIES
From time to time, the Company may implement initiatives, close or consolidate facilities in an effort to reduce costs and improve operating effectiveness. In connection with these activities, the Company may incur various costs including severance and other employee-related separation costs.
During the 13 weeks and 39 weeks ended September 28, 2024, the Company incurred net restructuring costs of $9 million and $21 million, respectively, primarily related to initiatives to improve operational effectiveness and workforce reductions. During the 13 weeks and 39 weeks ended September 30, 2023, the Company incurred net restructuring costs of $3 million primarily related to initiatives to improve operational effectiveness. Net restructuring liabilities were $9 million and $7 million as of September 28, 2024 and December 30, 2023, respectively.
The following table summarizes the changes in the restructuring liabilities for the 13 weeks and 39 weeks ended September 28, 2024:
Restructuring Liabilities
Balance as of Balance at December 30, 2023$
Current period costs13 
Payments, net(5)
Balance at March 30, 202415 
Current period activity(1)
Payments, net(2)
Balance at June 29, 202412 
Current period activity
Payments, net (12)
Balance at September 28, 2024$