Shareholders' Equity (Tables)

12 Months Ended

Dec. 30, 2023

Equity [Abstract]

Schedule of Capital Stock

Outstanding common stock activity is presented below:

(In thousands)	2023	2022	2021
Balance at beginning of year	206,161	216,935	226,444
Share repurchases	(16,169)	(13,075)	(13,533)
Share-based compensation activity	2,906	2,301	4,024
Balance at end of year	192,898	206,161	216,935

Schedule of Weighted-Average Shares Outstanding for Basic and Diluted EPS

The weighted-average shares outstanding for basic and diluted EPS are as follows:

(In thousands)	2023	2022	2021
Basic weighted-average shares outstanding	199,719	212,809	224,106
Dilutive effect of stock options	2,055	2,164	2,414
Diluted weighted-average shares outstanding	201,774	214,973	226,520

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The components of Accumulated other comprehensive loss are presented below:

(In millions)	Pension and Postretirement Benefits Adjustments		Foreign Currency Translation Adjustments		Deferred Gains (Losses) on Hedge Contracts		Accumulated Other Comprehensive Loss
Balance at January 1, 2022	$	(799)	$	9	$	1	$	(789)
Other comprehensive income before reclassifications	214		(103)		(3)		108
Reclassified from Accumulated other comprehensive loss	69		—		—		69
Balance at December 31, 2022	$	(516)	$	(94)	$	(2)	$	(612)
Other comprehensive loss before reclassifications	(82)		45		(1)		(38)
Reclassified from Accumulated other comprehensive loss	—		—		6		6
Balance at December 30, 2023	$	(598)	$	(49)	$	3	$	(644)

Schedule of Before and After Tax Components of Other Comprehensive Income (Loss)

The before and after-tax components of other comprehensive income (loss) are presented below:

	2023						2022						2021
(In millions)	Pre-Tax Amount		Tax (Expense) Benefit		After- Tax Amount		Pre-Tax Amount		Tax (Expense) Benefit		After- Tax Amount		Pre-Tax Amount		Tax (Expense) Benefit		After- Tax Amount
Pension and postretirement benefits   adjustments:
Unrealized gains (losses)	$	(102)	$	25	$	(77)	$	285	$	(67)	$	218	$	1,148	$	(271)	$	877
Amortization of net actuarial (gain) loss*	(7)		2		(5)		83		(20)		63		150		(34)		116
Amortization of prior service cost*	8		(3)		5		8		(2)		6		7		(3)		4
Recognition of prior service cost	(7)		2		(5)		(4)		—		(4)		(20)		4		(16)
Pension and postretirement benefits   adjustments, net	(108)		26		(82)		372		(89)		283		1,285		(304)		981
Foreign currency translation adjustments:
Foreign currency translation adjustments	45		—		45		(103)		—		(103)		(51)		—		(51)
Business disposition	—		—		—		—		—		—		14		—		14
Foreign currency translation adjustments, net	45		—		45		(103)		—		(103)		(37)		—		(37)
Deferred gains (losses) on hedge contracts:
Current deferrals	(2)		1		(1)		(7)		4		(3)		3		—		3
Reclassification adjustments	8		(2)		6		—		—		—		(1)		—		(1)
Deferred gains (losses) on hedge   contracts, net	6		(1)		5		(7)		4		(3)		2		—		2
Total	$	(57)	$	25	$	(32)	$	262	$	(85)	$	177	$	1,250	$	(304)	$	946

* These components of other comprehensive income (loss) are included in the computation of net periodic pension cost. See Note 15 for additional information.