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Capital and treasury stock | 12 Months Ended
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Dec. 31, 2023
Equity [Abstract] |
Capital and treasury stock | Capital and treasury stock Changes in treasury stock were:
|  | Treasury Stock
(Amounts in Millions Except Treasury Stock Shares in Thousands) |  | Shares |  | Amount
Balance at January 3, 2021 |  | 487,331 |  | $38,490
Employee compensation and stock option plans |  | (17,399) |  | (2,847)
Repurchase of common stock |  | 20,946 |  | 3,456
Balance at January 2, 2022 |  | 490,878 |  | 39,099
Employee compensation and stock option plans |  | (20,007) |  | (3,440)
Repurchase of common stock |  | 35,375 |  | 6,035
Balance at January 1, 2023 |  | 506,246 |  | 41,694
Employee compensation and stock option plans |  | (15,521) |  | (2,529)
Repurchase of common stock |  | 31,085 |  | 5,079
Kenvue share exchange (Note 21) |  | 190,955 |  | 31,418
Balance at December 31, 2023 |  | 712,765 |  | $75,662
Aggregate shares of common stock issued were approximately 3,119,843,000 shares at the end of fiscal years 2023, 2022 and 2021. Cash dividends paid were $4.70 per share in fiscal year 2023, compared with dividends of $4.45 per share in fiscal year 2022, and $4.19 per share in fiscal year 2021. On January 2, 2024, the Board of Directors declared a regular cash dividend of $1.19 per share, payable on March 5, 2024 to shareholders of record as of February 20, 2024. On September 14, 2022, the Company announced that its Board of Directors approved a share repurchase program, authorizing the Company to purchase up to $5.0 billion of the Company's shares of common stock. The repurchase program was completed during the fiscal first quarter of 2023.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505-30/tableOfContent + Details
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