XML 44 R21.htm IDEA: XBRL DOCUMENT
v3.24.2

Kenvue Separation | 6 Months Ended
--- | ---
Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Kenvue Separation | Kenvue separation The results of the Consumer Health business (previously reported as a separate business segment) have been reflected as discontinued operations in the Company’s consolidated statements of earnings as Net earnings from discontinued operations, net of taxes through August 23, 2023, the date of the exchange offer. Prior periods have been recast to reflect this presentation. Details of Net Earnings from Discontinued Operations, net of taxes are as follows:
|  | Fiscal Second Quarter Ended |  | Fiscal Six Months Ended |  |
(Dollars in Millions) |  | July 2, 2023 |  | July 2, 2023 |  |  |  |
Sales to customers |  | $4,011 |  | $7,863 |  |  |  |
Cost of products sold |  | 1,750 |  | 3,458 |  |  |  |
Gross profit |  | 2,261 |  | 4,405 |  |  |  |
Selling, marketing and administrative expenses |  | 1,269 |  | 2,501 |  |  |  |
Research and development expense |  | 126 |  | 234 |  |  |  |
Interest Income |  | (42) |  | (79) |  |  |  |
Interest expense, net of portion capitalized |  | 128 |  | 131 |  |  |  |
Other (income) expense, net |  | 324 |  | 612 |  |  |  |
Earnings from Discontinued Operations Before Provision for Taxes on Income |  | 456 |  | 1,006 |  |  |  |
Provision for taxes on income |  | 688 |  | 815 |  |  |  |
Net (loss)/earnings from Discontinued Operations |  | $(232) |  | $191 |  |  |  |
The following table presents depreciation, amortization and capital expenditures of the discontinued operations related to Kenvue:
|  | Fiscal Second Quarter Ended |  | Fiscal Six Months Ended
(Dollars in Millions) |  | July 2, 2023 |  | July 2, 2023
Depreciation and Amortization |  | $149 |  | $302
Capital expenditures |  | $92 |  | $139

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration