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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Mar. 30, 2024
Dec. 30, 2023
Current assets    
Cash and cash equivalents $ 70 $ 89
Accounts receivable, net 244 244
Inventories 328 345
Other current assets 22 28
Total current assets 664 706
Property, net 735 739
Goodwill 53 53
Other intangibles 57 57
Postretirement plan assets 292 283
Other assets 87 51
Total assets 1,888 1,889
Current liabilities    
Notes payable 2 4
Current maturities of long-term debt 8 8
Accounts payable 544 541
Accrued advertising and promotion 109 121
Accrued salaries and wages 36 57
Other current liabilities 90 105
Total current liabilities 789 836
Long-term debt 484 487
Deferred income taxes 107 106
Pension liability 133 135
Other liabilities 58 25
Commitments and contingencies (Note 9)
Equity    
Common stock, $0.0001 par value, $1,000,000,000 shares authorized Issued: $85,808,508 shares in 2024 and $85,812,883 shares in 2023 0 0
Capital in excess of par value 329 327
Retained earnings 20 1
Accumulated other comprehensive loss (32) (28)
Total equity 317 300
Total liabilities and equity $ 1,888 $ 1,889