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DEBT AND CREDIT ARRANGEMENTS (Tables)
 12 Months Ended
Jan. 02, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt, Net
Long-term debt is summarized below:
(In millions)January 2, 2026January 3, 2025
Fixed-rate debt:(1)
3.832% notes, due April 2025(“3.832% 2025 Notes”)(2)(3)
$— $600 
7.00% debentures, due January 2026(4)
100 100 
3.85% notes, due December 2026(2)
550 550 
5.40% notes, due January 2027(2)(3)(5)
1,250 1,250 
6.35% debentures, due February 2028(2)
26 26 
4.40% notes, due June 2028(2)(3)
1,850 1,850 
5.05% notes, due June 2029 (“5.05% 2029 Notes”)(2)(3)(6)
750 750 
2.90% notes, due December 2029(2)
400 400 
1.80% notes, due January 2031(2)(3)
650 650 
5.25% notes, due June 2031 (“5.25% 2031 Notes”)(2)(3)(6)
750 750 
5.40% notes, due July 2033(2)(3)(5)
1,500 1,500 
5.35% notes, due June 2034 (“5.35% 2034 Notes”)(2)(3)(6)
750 750 
4.854% notes, due April 2035(2)(3)
400 400 
6.15% notes, due December 2040(2)(3)
300 300 
5.054% notes, due April 2045(2)(3)
500 500 
5.60% notes, due July 2053(2)(3)(5)
500 500 
5.50% notes, due August 2054 (“5.50% 2054 Notes”)(2)(3)
600 600 
Fixed-rate debt10,876 11,476 
Finance lease obligations and other283 288 
Unamortized discounts and issuance costs, net of bond premium(43)(43)
Total long-term debt11,116 11,721 
Less: current portion(7)
673 640 
Long-term debt, net of current portion$10,443 $11,081 
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(1)All fixed-rate notes and debentures rank equally in right of payment.
(2)We may redeem these notes, in whole or in part, at our option, at a pre-determined redemption price pursuant to their terms prior to the applicable maturity date.
(3)Upon change of control combined with a below-investment-grade rating event, we may be required to make an offer to repurchase these notes at a pre-determined price pursuant to their terms.
(4)The debentures are not redeemable prior to maturity.
(5)Collectively, the “AJRD Notes”. The AJRD Notes were used to fund a portion of the purchase price for the AJRD acquisition, and to pay related fees and expenses.
(6)Collectively, the “March Issued 2024 Notes”.
(7)Included in the “Other current liabilities” line item in our Consolidated Balance Sheet.