Borrowings (Tables)

12 Months Ended

Dec. 29, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The components of long-term debt are as follows:

(Dollars in Millions)	2024		Effective Rate %		2023		Effective Rate %
0.650% Notes due 2024 (750MM Euro 1.1090)(3)	$—		—	%	$831	(3)	0.68	%
5.50% Notes due 2024 (500MM GBP 1.2756)(3)	—		—		637	(3)	6.75
2.625% Notes due 2025	750		2.63		750		2.63
0.55% Notes due 2025	999		0.57		950		0.57
2.46% Notes due 2026	1,999		2.47		1,997		2.47
2.95% Notes due 2027	927		2.96		900		2.96
0.95% Notes due 2027	1,458		0.96		1,419		0.96
1.150% Notes due 2028 (750MM Euro 1.0401)(2)/(750MM Euro 1.1090)(3)	777	(2)	1.21		828	(3)	1.21
2.90% Notes due 2028	1,498		2.91		1,497		2.91
6.95% Notes due 2029	298		7.14		298		7.14
4.80% Debentures due 2029	1,146		4.83		—		—
1.30% Notes due 2030	1,646		1.30		1,630		1.30
4.90% Debentures due 2031	1,145		4.92		—		—
3.20% Debenture due 2032 (700M EUR 1.0401)(2)	725	(2)	3.21		—		—
4.95% Debentures due 2033	499		4.95		499		4.95
4.375% Notes due 2033	854		4.24		854		4.24
4.95% Debentures due 2034	846		4.96		—		—
1.650% Notes due 2035 (1.5B Euro 1.0401)(2)/(1.5B Euro 1.1090)(3)	1,550	(2)	1.68		1,652	(3)	1.68
3.35% Debentures due 2036 (800MM EUR 1.0401)(2)	827	(2)	3.37		—		—
3.587% Notes due 2036	869		3.59		864		3.59
5.95% Notes due 2037	994		5.99		994		5.99
3.625% Notes due 2037	1,358		3.64		1,357		3.64
5.85% Debentures due 2038	697		5.85		697		5.85
3.40% Notes due 2038	993		3.42		993		3.42
4.50% Debentures due 2040	541		4.63		541		4.63
2.10% Notes due 2040	845		2.14		849		2.14
4.85% Notes due 2041	297		4.89		297		4.89
4.50% Notes due 2043	496		4.52		496		4.52
3.55% Debentures due 2044 (1B EUR 1.0401)(2)	1,030	(2)	3.58		—		—
3.73% Notes due 2046	1,978		3.74		1,977		3.74
3.75% Notes due 2047	822		3.76		832		3.76
3.500% Notes due 2048	744		3.52		743		3.52
2.250% Notes due 2050	808		2.29		826		2.29

5.25% Debentures due 2054	843		5.26			—		—
2.450% Notes due 2060	1,058		2.49			1,073		2.49
Other	83		—			69		—
Subtotal	32,400	(4)	3.36	%	(1)	27,350	(4)	2.98	%	(1)
Less current portion	1,749					1,469
Total long-term debt	$30,651					$25,881

(1)Weighted average effective rate.

(2)Translation rate at December 29, 2024.

(3)Translation rate at December 31, 2023.

(4)The excess of the carrying value over the fair value of debt was $2.0 billion and $1.0 billion at the end of fiscal year 2024 and fiscal year 2023, respectively.

Aggregate Maturities of Long Term Obligations

Aggregate maturities of long-term debt obligations commencing in 2025 are:

(Dollars in Millions)
2025	2026	2027	2028	2029	After 2029
$1,749	1,999	2,385	2,275	1,444	22,548