Debt and Credit Facilities (Tables)

12 Months Ended

Dec. 28, 2024

Debt Disclosure [Abstract]

Debt Summary

Our debt is summarized in the table below:

(In millions)	December 28, 2024		December 30, 2023
Manufacturing group
4.30% due 2024	$	—	$	350
3.875% due 2025	350		350
4.00% due 2026	350		350
3.65% due 2027	350		350
3.375% due 2028	300		300
3.90% due 2029	300		300
3.00% due 2030	650		650
2.45% due 2031	500		500
6.10% due 2033	350		350
Other (weighted-average rate of 5.87% and 2.44%, respectively)	97		26
Total Manufacturing group debt	$	3,247	$	3,526
Less: Current portion of long-term debt	(357)		(357)
Total Long-term debt	$	2,890	$	3,169
Finance group
Variable-rate note due 2025 (weighted-average rate of 5.70% and 6.72%, respectively)	$	25	$	25
Fixed-rate note due 2027 (4.40%)	50		50
Floating Rate Junior Subordinated Notes due 2067 (6.52% and 7.38%, respectively)	264		264
Other	2		9
Total Finance group debt	$	341	$	348

Schedule of Required Principal Payments

The following table shows required principal payments during the next five years on debt outstanding at December 28, 2024:

(In millions)	2025		2026		2027		2028		2029
Manufacturing group	$	357	$	355	$	355	$	375	$	301
Finance group	26		1		50		—		—
Total	$	383	$	356	$	405	$	375	$	301