Accounts Receivable and Finance Receivables (Tables)

12 Months Ended

Dec. 28, 2024

Receivables [Abstract]

Accounts Receivable

Accounts receivable is composed of the following:

(In millions)	December 28, 2024		December 30, 2023
Commercial	$	738	$	831
U.S. Government contracts	230		63
	968		894
Allowance for credit losses	(19)		(26)
Total	$	949	$	868

Finance Receivables

Finance receivables are presented in the following table:

(In millions)	December 28, 2024		December 30, 2023
Finance receivables	$	622	$	609
Allowance for credit losses	(19)		(24)
Total finance receivables, net	$	603	$	585

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 28, 2024		December 30, 2023
Performing	$	612	$	571
Watchlist	—		23
Nonaccrual	10		15
Nonaccrual as a percentage of finance receivables	1.61%		2.46%
Current and less than 31 days past due	$	609	$	589
31-60 days past due	13		16
61-90 days past due	—		—
Over 90 days past due	—		4
60+ days contractual delinquency as a percentage of finance receivables	—%		0.66%

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 28, 2024		December 30, 2023
Performing	$	612	$	571
Watchlist	—		23
Nonaccrual	10		15
Nonaccrual as a percentage of finance receivables	1.61%		2.46%
Current and less than 31 days past due	$	609	$	589
31-60 days past due	13		16
61-90 days past due	—		—
Over 90 days past due	—		4
60+ days contractual delinquency as a percentage of finance receivables	—%		0.66%