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Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Statement of Comprehensive Income [Abstract]      
Net sales $ 37,877 $ 35,597 $ 34,057
Cost of goods sold 31,343 29,449 28,565
Gross profit 6,534 6,148 5,492
Operating expenses:      
Distribution, selling and administrative costs 5,412 5,117 4,886
Restructuring activity and asset impairment charges 23 14 12
Total operating expenses 5,435 5,131 4,898
Operating income 1,099 1,017 594
Other expense (income)—net 6 (6) (22)
Interest expense—net 315 324 255
Loss on extinguishment of debt 10 21 0
Recognition of net actuarial loss for pension settlement 124 0 0
Income before income taxes 644 678 361
Income tax provision 150 172 96
Net income 494 506 265
Other comprehensive income—net of tax:      
Changes in retirement benefit obligations 158 (43) (54)
Loss on pension settlement (124) 0 0
Interest rate hedge activity 0 1 0
Comprehensive income 528 464 211
Less: Series A Preferred Stock dividends 0 (7) (37)
Net income available to common shareholders $ 494 $ 499 $ 228
Net income per share:      
Basic $ 2.05 $ 2.09 $ 1.02
Diluted $ 2.02 $ 2.02 $ 1.01
Weighted-average common shares outstanding      
Basic 241 239 224
Diluted 244 250 226