Supplemental financial statement data (Tables)

6 Months Ended

Jun. 29, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Financial Data Consolidated Balance Sheet

(millions)	June 29, 2024		December 30, 2023
Trade receivables	$	189	$	225
Allowance for expected credit losses	(1)		—
Other receivables	29		19
Accounts receivable, net	$	217	$	244
Raw materials	$	56	$	49
Manufacturing supplies	55		53
Materials in process	21		15
Finished goods	228		228
Inventories	$	360	$	345
Property, cost	$	2,701	$	2,676
Accumulated depreciation	(1,953)		(1,937)
Property, net	$	748	$	739
Operating lease assets	68		18
Deferred income taxes	13		13
Cloud computing technology	11		17
Other	5		3
Other assets	$	97	$	51
Other third party	530		502
Kellanova (a)	8		39
Accounts payable	$	538	$	541
Obligations under Transition Services Agreement	15		52
Operating lease obligations	13		6
Income taxes payable	10		7
Other	65		40
Other current liabilities	$	103	$	105
Operating lease obligations	56		12
Other	17		13
Other liabilities	$	73	$	25

(a)The $8 million and $39 million payable to Kellanova represents various items Kellanova paid on our behalf, for which we owe reimbursement for amounts incurred related to the Spin-Off.