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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Sep. 28, 2024
Dec. 30, 2023
Current assets    
Cash and cash equivalents $ 47 $ 89
Accounts receivable, net 199 244
Inventories 339 345
Other current assets 17 28
Total current assets 602 706
Property, net 764 739
Operating lease right-of-use assets 99 18
Goodwill 53 53
Other intangibles 57 57
Postretirement plan assets 300 283
Other assets 25 33
Total assets 1,900 1,889
Current liabilities    
Notes payable 2 4
Current maturities of long-term debt 15 8
Accounts payable 508 541
Accrued advertising and promotion 92 121
Accrued salaries and wages 52 57
Other current liabilities 101 105
Total current liabilities 770 836
Long-term debt 472 487
Long-term operating lease obligations 83 12
Deferred income taxes 96 106
Pension liability 122 135
Other liabilities 41 13
Commitments and contingencies (Note 9)
Equity    
Common stock, $0.0001 par value, 1,000,000,000 shares authorized Issued: 85,977,995 shares as of September 28, 2024 and 85,812,883 shares as of December 30, 2023 0 0
Capital in excess of par value 341 327
Retained earnings 11 1
Accumulated other comprehensive loss (36) (28)
Total equity 316 300
Total liabilities and equity $ 1,900 $ 1,889