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FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents assets and liabilities measured at fair value on a recurring basis (at least annually) at March 31, 2023 and December 30, 2022:
March 31, 2023December 30, 2022
(In millions)TotalLevel 1TotalLevel 1
Assets
Deferred compensation plan assets:(1)
Equity and fixed income securities$67 $67 $64 $64 
Investments measured at NAV:
Corporate-owned life insurance34 33 
Total fair value of deferred compensation plan assets$101 $97 
Liabilities
Deferred compensation plan liabilities:(2)
Equity securities and mutual funds$7 $7 $8 $8 
Investments measured at NAV:
Common/collective trusts and guaranteed investment contracts193 192 
Total fair value of deferred compensation plan liabilities$200 $200 
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(1)Represents diversified assets held in a “rabbi trust” associated with our non-qualified deferred compensation plans, which we include in the “Other current assets” and “Other non-current assets” line items in our Condensed Consolidated Balance Sheet, and which are measured at fair value.
(2)Primarily represents obligations to pay benefits under certain non-qualified deferred compensation plans, which we include in the “Compensation and benefits” and “Other long-term liabilities” line items in our Condensed Consolidated Balance Sheet. Under these plans, participants designate investment options (including stock and fixed-income funds), which serve as the basis for measurement of the notional value of their accounts.
Schedule of Fair Value, Long-term Debt
The following table presents the carrying amounts and estimated fair values of long-term debt that is not carried at fair value in our Condensed Consolidated Balance Sheet:
March 31, 2023December 30, 2022
(In millions)Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
All other long-term debt, net (including current portion)(1)
$6,781 $6,489 $7,043 $6,569 
Term Loan 2025(2)
2,250 2,250 — — 
Total debt, net$9,031 $8,739 $7,043 $6,569 
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(1)The fair value was estimated using a market approach based on quoted market prices for our debt traded in the secondary market. If measured at fair value, it would be categorized in Level 2 of the fair value hierarchy.
(2)The carrying value of Term Loan 2025 approximates fair value due to its variable interest rate.