FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 28, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

measured at fair value on a recurring basis in our Condensed Consolidated Balance Sheet:

	March 28, 2025				January 3, 2025
(In millions)	Total		Level 1		Total		Level 1
Assets
Deferred compensation plan assets:(1)
Equity and fixed income securities	$	211	$	211	$	219	$	219
Investments measured at NAV:
Corporate-owned life insurance	40				41
Total fair value of deferred compensation plan assets	$	251			$	260
Liabilities
Deferred compensation plan liabilities:(2)
Equity securities	$	9	$	9	$	10	$	10
Investments measured at NAV:
Common/collective trusts and guaranteed investment contracts	332				357
Total fair value of deferred compensation plan liabilities	$	341			$	367

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(1)Represents diversified assets held in rabbi trusts primarily associated with certain 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.

(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 the 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.