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DEBT AND CREDIT ARRANGEMENTS (Tables)
 9 Months Ended
Sep. 27, 2024
Debt Disclosure [Abstract]  
Schedule of Long-term Debt, Net
Long-term debt, net is summarized below:
(In millions)September 27, 2024December 29, 2023
Variable-rate debt:
Term loan, due November 21, 2025 (“Term Loan 2025”)
$— $2,250 
Fixed-rate debt:
3.95% notes, due May 28, 2024 (“3.95% 2024 Notes”)
— 350 
3.832% notes, due April 27, 2025 (“3.832% 2025 Notes”)
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(1)
1,250 1,250 
6.35% debentures, due February 1, 2028
26 26 
4.40% notes, due June 15, 2028
1,850 1,850 
5.05% notes, due June 1, 2029 (“5.05% 2029 Notes”)
750 — 
2.90% notes, due December 15, 2029
400 400 
1.80% notes, due January 15, 2031
650 650 
5.25% notes, due June 1, 2031 (“5.25% 2031 Notes”)
750 — 
5.40% notes, due July 31, 2033(1)
1,500 1,500 
5.35% notes, due June 1, 2034 (“5.35% 2034 Notes”)
750 — 
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(1)
500 500 
5.50% notes, due August 15, 2054 (“5.50% 2054 Notes”)
600 — 
Total variable and fixed-rate debt11,476 11,226 
Financing lease obligations and other debt300 300 
Long-term debt, including the current portion of long-term debt11,776 11,526 
Plus: unamortized bond premium41 51 
Less: unamortized discounts and issuance costs(84)(54)
Long-term debt, including the current portion of long-term debt, net11,733 11,523 
Less: current portion of long-term debt, net(640)(363)
Total long-term debt, net$11,093 $11,160 
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(1) Collectively, the “AJRD Notes.”