Supplemental financial statement data (Tables)

9 Months Ended

Sep. 28, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Financial Data Consolidated Balance Sheet

(millions)	September 28, 2024		December 30, 2023
Trade receivables	$	169	$	225
Allowance for expected credit losses	(1)		—
Other receivables	31		19
Accounts receivable, net	$	199	$	244
Raw materials	$	54	$	49
Manufacturing supplies	55		53
Materials in process	21		15
Finished goods	209		228
Inventories	$	339	$	345
Property, cost	$	2,745	$	2,676
Accumulated depreciation	(1,976)		(1,937)
Accumulated impairment	(5)		—
Property, net	$	764	$	739
Other third party	500		502
Kellanova (a)	8		39
Accounts payable	$	508	$	541
Obligations under Transition Services Agreement	12		52
Operating lease obligations	18		6
Income taxes payable	13		7
Other	58		40
Other current liabilities	$	101	$	105

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