PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 30, 2022

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 8: PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net are summarized below:

(In millions)	December 30, 2022		December 31, 2021
Land	$	78	$	79
Software capitalized for internal use	686		576
Buildings	1,251		1,236
Machinery and equipment	2,322		2,177
	4,337		4,068
Less: accumulated depreciation and amortization	(2,233)		(1,967)
Property, plant and equipment, net	$	2,104	$	2,101

Depreciation and amortization expense related to property, plant and equipment was $342 million, $343 million and $318 million in fiscal 2022, 2021 and 2020, respectively.

CTS Impairment - Fiscal 2021

In fiscal 2021, as discussed in more detail in Note 10: Intangible Assets in these Notes, in conjunction with, and in advance of, the tests of goodwill related to our CTS reporting unit, we recorded an $82 million non-cash impairment charge for long-lived assets, consisting of $19 million, $56 million and $7 million of impairment charges for right-of-use assets, property, plant and equipment and marketable software, respectively, which is included in the “Impairment of goodwill and other assets” line item in our Consolidated Statement of Operations for fiscal 2021.

Commercial Aviation Solutions Impairment - Fiscal 2020

In fiscal 2020, as discussed in more detail in Note 9: Goodwill and Note 10: Intangible Assets in these Notes, in conjunction with, and in advance of, the tests of goodwill related to our Commercial Aviation Solutions reporting unit, we recorded a $257 million non-cash impairment charge for long-lived assets, including a $103 million impairment charge for property, plant and equipment, which is included in the “Impairment of goodwill and other assets” line item in our Consolidated Statement of Operations for fiscal 2020.