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Debt and Credit Agreements (Tables)
12 Months Ended
Dec. 30, 2011
Debt Disclosure [Abstract]  
Schedule of long-term debt instruments
Debt was as follows:
 
 
Maturity at
December
 
Average
Interest
Rates at
December
 
December
 
December
(Dollars in Millions)
 
2011
 
2011
 
2011
 
2010
Notes
 
2012-2043
 
6.1%
 
$
8,486

 
$
7,817

Equipment Obligations
 
2012-2023
 
7.1%
 
741

 
823

Capital Leases
 
2012-2017
 
6.3%
 
10

 
15

Convertible Debentures (a)
 
2021
 
1.0%
 
4

 
9

Total Long-term Debt (including current portion)
 
 
 
 
 
$
9,241

 
$
8,664

Less Debt Due within One Year
 
 
 
 
 
(507
)
 
(613
)
Long-term Debt (excluding current portion)
 
 
 
 
 
$
8,734

 
$
8,051


(a) Convertible debentures are net of $1 million discount in 2010.
Schedule of long-ter debt maturities
Long-term Debt Maturities

(Dollars in Millions)
 
Maturities as of
Fiscal Years Ending
 
December 2011
2012
 
$
507

2013
 
780

2014
 
527

2015
 
628

2016
 
23

2017 and Thereafter
 
6,776

Total Long-term Debt Maturities (including current portion)
 
$
9,241