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Combined Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jul. 02, 2023
Jul. 03, 2022
Jul. 02, 2023
Jul. 03, 2022
Jan. 01, 2023
Jan. 02, 2022
Jan. 03, 2021
Income Statement [Abstract]              
Net sales $ 4,011 $ 3,804 $ 7,863 $ 7,394 $ 14,950 $ 15,054 $ 14,467
Cost of sales 1,786 1,646 3,513 3,280 6,665 6,635 6,619
Gross profit 2,225 2,158 4,350 4,114 8,285 8,419 7,848
Selling, general, and administrative expenses 1,522 1,375 3,024 2,725 5,633 5,484 4,956
Other (income) expense, net, operating (Note 10) 1 13 (16) 8 (23) 15 3,871
Operating income (loss) 702 770 1,342 1,381 2,675 2,920 (979)
Other expense (income), net 10 (5) 40 (6) 38 (5) 37
Income (Loss) before taxes 639 775 1,248 1,387 2,637 2,925 (1,016)
Provision (benefit) for taxes on income 209 171 488 255 550 894 (137)
Net income (loss) $ 430 $ 604 $ 760 $ 1,132 $ 2,087 $ 2,031 $ (879)