Fair Value Measurements

9 Months Ended

Sep. 28, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

At September 28, 2024 and December 30, 2023, the Company had $20 million and $19 million, respectively, of debt

and equity securities that fund the deferred compensation plan and are classified in other non-current assets. The

Company also had corresponding deferred compensation plan liabilities of $20 million and $19 million at September 28,

2024 and December 30, 2023, respectively, which are included in other non-current liabilities. The majority of the debt

and equity securities are Level 1 as they trade with sufficient frequency and volume to enable the Company to obtain

pricing information on an ongoing basis. Unrealized gains/(losses) on the debt and equity securities offset those

associated with the corresponding deferred compensation plan liabilities.