Accounting policies (Tables)

3 Months Ended

Mar. 30, 2024

Accounting Policies [Abstract]

Schedule of Allocated Expense from Former Parent

The allocation of expenses from Kellanova to the Company was reflected as follows in the Unaudited Consolidated Statement of Operations for the quarter ended April 1, 2023:

	Quarter ended
(millions)	April 1, 2023
Cost of goods sold	$	55
Selling, general and administrative	85
Other (income) expense, net	(6)
Total	$	134

Components of Net Parent Investment from Former Parent

The components of net parent investment for the quarter ended April 1, 2023 are:

(millions)	April 1, 2023
Net transfers (to)/from Kellanova as reflected in the Unaudited Combined Statement of Cash Flow	$	(30)
Non-cash stock compensation expense	1
Non-cash pension and postretirement benefit	(7)
Net transfers from/(to) Kellanova as reflected in the Unaudited Combined Statement of Changes in Equity	$	(36)

Disaggregation of Revenue

Disaggregated net sales

The following table presents the Company's disaggregated net sales by country:

	Quarter ended
(millions)	March 30, 2024		April 1, 2023
United States	$	623	$	637
Canada	$	75	$	74
Other	$	9	$	9
Total	$	707	$	720