DEBT AND CREDIT ARRANGEMENTS (Tables)

9 Months Ended

Sep. 29, 2023

Debt Disclosure [Abstract]

Schedule of Long-term Debt, Net

Long-term debt, net is summarized below:

(In millions)	September 29, 2023		December 30, 2022
Variable-rate debt:
Floating rate notes, due March 10, 2023 (“Floating 2023 Notes”)	$	—	$	250
Term loan, due November 21, 2025	2,250		—
Fixed-rate debt:
3.85% notes, due June 15, 2023 (“3.85% 2023 Notes”)	—		800
3.95% notes, due May 28, 2024	350		350
3.832% notes, due April 27, 2025	600		600
7.00% debentures, due January 15, 2026	100		100
3.85% notes, due December 15, 2026	550		550
5.40% notes, due January 15, 2027 (“5.4% 2027 Notes”)	1,250		—
6.35% debentures, due February 1, 2028	26		26
4.40% notes, due June 15, 2028	1,850		1,850
2.90% notes, due December 15, 2029	400		400
1.80% notes, due January 15, 2031	650		650
5.40% notes, due July 31, 2033 (“5.4% 2033 Notes”)	1,500		—
4.854% notes, due April 27, 2035	400		400
6.15% notes, due December 15, 2040	300		300
5.054% notes, due April 27, 2045	500		500
5.60% notes, due July 31, 2053 (“5.6% 2053 Notes”)	500		—
Total variable and fixed-rate debt	11,226		6,776
Financing lease obligations and other debt	277		222
Total debt	11,503		6,998
Plus: unamortized bond premium	55		70
Less: unamortized discounts and issuance costs	(55)		(25)
Total debt, net	11,503		7,043
Less: current portion of long-term debt, net	(363)		(818)
Total long-term debt, net	$	11,140	$	6,225