Accounting policies (Tables)

9 Months Ended

Sep. 28, 2024

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 and year-to-date ended September 30, 2023:


	Quarter ended		Year-to-date period ended
(millions)	September 30, 2023		September 30, 2023
Cost of goods sold	$	39	$	128
Selling, general and administrative	59		233
Other (income) expense, net	(32)		(43)
Total	$	66	$	318

Components of Net Parent Investment from Former Parent

The components of net parent investment for the year-to-date period ended September 30, 2023 were:


(millions)	September 30, 2023
Net transfers (to)/from Kellanova as reflected in the Unaudited Consolidated Statement of Cash Flow	$	(25)
Non-cash stock compensation expense	3
Non-cash pension and postretirement benefit	(47)
Non-cash contribution of assets and liabilities from parent	143
Net transfers from/(to) Kellanova as reflected in the Unaudited Consolidated Statement of Equity	$	74

Disaggregation of Revenue

Disaggregated net sales

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


	Quarter ended				Year-to-date period ended
(millions)	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
United States	$	601	$	605	$	1,813	$	1,859
Canada	78		78		229		225
Other	10		9		26		28
Total	$	689	$	692	$	2,068	$	2,112