Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 30, 2023

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

Schedule II — Valuation and Qualifying Accounts

(In millions)	2023		2022		2021
Allowance for credit losses on accounts receivable
Balance at beginning of year	$	24	$	24	$	36
Provision (reversal) for credit losses	7		2		(1)
Deductions from reserves*	(5)		(2)		(11)
Balance at end of year	$	26	$	24	$	24
Allowance for credit losses on finance receivables
Balance at beginning of year	$	24	$	25	$	35
Reversal for credit losses	(18)		(4)		(9)
Charge-offs	—		—		(3)
Recoveries	18		3		2
Balance at end of year	$	24	$	24	$	25
Inventory FIFO reserves
Balance at beginning of year	$	350	$	370	$	357
Charged to costs and expenses	63		21		40
Deductions from reserves*	(23)		(41)		(27)
Balance at end of year	$	390	$	350	$	370

* Deductions primarily include amounts written off on uncollectible accounts (less recoveries), inventory disposals, changes to prior year estimates, business dispositions and currency translation adjustments.