Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 28, 2024

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

Schedule II - Valuation and Qualifying Accounts

Schedule II — Valuation and Qualifying Accounts

(In millions)	2024		2023		2022
Allowance for credit losses on accounts receivable
Balance at beginning of year	$	26	$	24	$	24
Provision (reversal) for credit losses	(4)		7		2
Deductions from reserves*	(3)		(5)		(2)
Balance at end of year	$	19	$	26	$	24
Allowance for credit losses on finance receivables
Balance at beginning of year	$	24	$	24	$	25
Reversal for credit losses	(14)		(18)		(4)
Charge-offs	(1)		—		—
Recoveries	10		18		3
Balance at end of year	$	19	$	24	$	24
Inventory FIFO reserves
Balance at beginning of year	$	390	$	350	$	370
Charged to costs and expenses	57		63		21
Deductions from reserves*	(15)		(23)		(41)
Balance at end of year	$	432	$	390	$	350

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