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Accounts Receivable and Finance Receivables (Tables)
 12 Months Ended
Dec. 30, 2023
Receivables [Abstract]  
Accounts Receivable
Accounts receivable is composed of the following:
(In millions)December 30,
2023		December 31,
2022
Commercial$831 $755 
U.S. Government contracts63 124 
894 879 
Allowance for credit losses(26)(24)
Total$868 $855 
Finance Receivables
Finance receivables are presented in the following table:
(In millions)December 30,
2023		December 31,
2022
Finance receivables$609 $587 
Allowance for credit losses(24)(24)
Total finance receivables, net$585 $563 
Financing Receivables Categorized Based on Credit Quality Indicators
Finance receivables categorized based on the credit quality indicators and by delinquency aging category are summarized as follows:
(Dollars in millions)December 30,
2023		December 31,
2022
Performing$571 $515 
Watchlist23 26 
Nonaccrual15 46 
Nonaccrual as a percentage of finance receivables2.46%7.84%
Current and less than 31 days past due$589 $579 
31-60 days past due16 7 
61-90 days past due— — 
Over 90 days past due4 1 
60+ days contractual delinquency as a percentage of finance receivables0.66%0.17%
Finance Receivables By Delinquency Aging Category
Finance receivables categorized based on the credit quality indicators and by delinquency aging category are summarized as follows:
(Dollars in millions)December 30,
2023		December 31,
2022
Performing$571 $515 
Watchlist23 26 
Nonaccrual15 46 
Nonaccrual as a percentage of finance receivables2.46%7.84%
Current and less than 31 days past due$589 $579 
31-60 days past due16 7 
61-90 days past due— — 
Over 90 days past due4 1 
60+ days contractual delinquency as a percentage of finance receivables0.66%0.17%
Summary of Impaired Finance Receivables, Excluding Leveraged Leases, and the Average Recorded Investment
A summary of impaired finance receivables, excluding leveraged leases, and the average recorded investment is provided below:
(In millions)December 30,
2023		December 31,
2022
Recorded investment:
Impaired finance receivables with specific allowance for credit losses$11 $15 
Impaired finance receivables with no specific allowance for credit losses4 31 
Total$15 $46 
Unpaid principal balance$25 $60 
Allowance for credit losses on impaired finance receivables3 3 
Average recorded investment of impaired finance receivables27 67 
Finance Receivables and Allowance For Credit Losses Based on Impairment Evaluation
A summary of the allowance for credit losses on finance receivables based on how the underlying finance receivables are evaluated for impairment is provided below.  The finance receivables reported in this table exclude $86 million and $91 million of leveraged leases at December 30, 2023 and December 31, 2022, respectively, in accordance with U.S. generally accepted accounting principles.
(In millions)December 30,
2023		December 31,
2022
Allowance for credit losses based on collective evaluation$21 $21 
Allowance for credit losses based on individual evaluation3 3 
Finance receivables evaluated collectively508 450 
Finance receivables evaluated individually15 46