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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Jun. 29, 2024
Dec. 30, 2023
Current assets    
Cash and cash equivalents $ 44 $ 89
Accounts receivable, net 217 244
Inventories 360 345
Other current assets 21 28
Total current assets 642 706
Property, net 748 739
Goodwill 53 53
Other intangibles 57 57
Postretirement plan assets 300 283
Other assets 97 51
Total assets 1,897 1,889
Current liabilities    
Notes payable 1 4
Current maturities of long-term debt 12 8
Accounts payable 538 541
Accrued advertising and promotion 89 121
Accrued salaries and wages 35 57
Other current liabilities 103 105
Total current liabilities 778 836
Long-term debt 478 487
Deferred income taxes 106 106
Pension liability 126 135
Other liabilities 73 25
Commitments and contingencies (Note 9)
Equity    
Common stock, $0.0001 par value, 1,000,000,000 shares authorized Issued: 85,901,439 shares in 2024 and 85,812,883 shares in 2023 0 0
Capital in excess of par value 335 327
Retained earnings 37 1
Accumulated other comprehensive loss (36) (28)
Total equity 336 300
Total liabilities and equity $ 1,897 $ 1,889