Summary of significant accounting policies (Tables)

12 Months Ended

Dec. 29, 2024

Accounting Policies [Abstract]

Estimated Useful Lives of Assets

Property, plant and equipment are stated at cost. The Company utilizes the straight-line method of depreciation over the estimated useful lives of the assets:

Building and building equipment	30 years
Land and leasehold improvements	10 - 20 years
Machinery and equipment	2 - 13 years

Supplier Finance Program

The rollforward of the Company's valid obligations under the program were as follows:

	2024
(Dollars in Millions)
Confirmed obligations - beginning of the year	$704
Invoices confirmed during the year	3,048
Confirmed invoices paid during the year	2,964
Confirmed obligations - end of the year	$788