Kenvue Separation (Tables)

3 Months Ended

Mar. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Details of Net Earnings from Discontinued Operations, net of taxes are as follows:

	Fiscal First Quarter Ended
(Dollars in Millions)	April 2, 2023
Sales to customers	$3,852
Cost of products sold	1,708
Gross profit	2,144
Selling, marketing and administrative expenses	1,232
Research and development expense	108
Interest Income	(37)
Interest expense, net of portion capitalized	3
Other (income) expense, net	288
Earnings from Discontinued Operations Before Provision for Taxes on Income	550
Provision for taxes on income	127
Net earnings from Discontinued Operations	$423

The following table presents depreciation, amortization and capital expenditures of the discontinued operations related to Kenvue:

	Fiscal First Quarter Ended
(Dollars in Millions)		April 2, 2023
Depreciation and Amortization		$153
Capital expenditures		$47