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v3.25.0.1

Borrowings (Tables) | 12 Months Ended
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Dec. 29, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The components of long-term debt are as follows:
(Dollars in Millions) |  | 2024 |  | Effective Rate % |  | 2023 |  | Effective Rate % |
0.650% Notes due 2024 (750MM Euro 1.1090)(3) |  | $— |  | — | % |  | $831 | (3) | 0.68 | % |
5.50% Notes due 2024 (500MM GBP 1.2756)(3) |  | — |  | — |  |  | 637 | (3) | 6.75 |  |
2.625% Notes due 2025 |  | 750 |  | 2.63 |  |  | 750 |  | 2.63 |  |
0.55% Notes due 2025 |  | 999 |  | 0.57 |  |  | 950 |  | 0.57 |  |
2.46% Notes due 2026 |  | 1,999 |  | 2.47 |  |  | 1,997 |  | 2.47 |  |
2.95% Notes due 2027 |  | 927 |  | 2.96 |  |  | 900 |  | 2.96 |  |
0.95% Notes due 2027 |  | 1,458 |  | 0.96 |  |  | 1,419 |  | 0.96 |  |
1.150% Notes due 2028 (750MM Euro 1.0401)(2)/(750MM Euro 1.1090)(3) |  | 777 | (2) | 1.21 |  |  | 828 | (3) | 1.21 |  |
2.90% Notes due 2028 |  | 1,498 |  | 2.91 |  |  | 1,497 |  | 2.91 |  |
6.95% Notes due 2029 |  | 298 |  | 7.14 |  |  | 298 |  | 7.14 |  |
4.80% Debentures due 2029 |  | 1,146 |  | 4.83 |  |  | — |  | — |  |
1.30% Notes due 2030 |  | 1,646 |  | 1.30 |  |  | 1,630 |  | 1.30 |  |
4.90% Debentures due 2031 |  | 1,145 |  | 4.92 |  |  | — |  | — |  |
3.20% Debenture due 2032 (700M EUR 1.0401)(2) |  | 725 | (2) | 3.21 |  |  | — |  | — |  |
4.95% Debentures due 2033 |  | 499 |  | 4.95 |  |  | 499 |  | 4.95 |  |
4.375% Notes due 2033 |  | 854 |  | 4.24 |  |  | 854 |  | 4.24 |  |
4.95% Debentures due 2034 |  | 846 |  | 4.96 |  |  | — |  | — |  |
1.650% Notes due 2035 (1.5B Euro 1.0401)(2)/(1.5B Euro 1.1090)(3) |  | 1,550 | (2) | 1.68 |  |  | 1,652 | (3) | 1.68 |  |
3.35% Debentures due 2036 (800MM EUR 1.0401)(2) |  | 827 | (2) | 3.37 |  |  | — |  | — |  |
3.587% Notes due 2036 |  | 869 |  | 3.59 |  |  | 864 |  | 3.59 |  |
5.95% Notes due 2037 |  | 994 |  | 5.99 |  |  | 994 |  | 5.99 |  |
3.625% Notes due 2037 |  | 1,358 |  | 3.64 |  |  | 1,357 |  | 3.64 |  |
5.85% Debentures due 2038 |  | 697 |  | 5.85 |  |  | 697 |  | 5.85 |  |
3.40% Notes due 2038 |  | 993 |  | 3.42 |  |  | 993 |  | 3.42 |  |
4.50% Debentures due 2040 |  | 541 |  | 4.63 |  |  | 541 |  | 4.63 |  |
2.10% Notes due 2040 |  | 845 |  | 2.14 |  |  | 849 |  | 2.14 |  |
4.85% Notes due 2041 |  | 297 |  | 4.89 |  |  | 297 |  | 4.89 |  |
4.50% Notes due 2043 |  | 496 |  | 4.52 |  |  | 496 |  | 4.52 |  |
3.55% Debentures due 2044 (1B EUR 1.0401)(2) |  | 1,030 | (2) | 3.58 |  |  | — |  | — |  |
3.73% Notes due 2046 |  | 1,978 |  | 3.74 |  |  | 1,977 |  | 3.74 |  |
3.75% Notes due 2047 |  | 822 |  | 3.76 |  |  | 832 |  | 3.76 |  |
3.500% Notes due 2048 |  | 744 |  | 3.52 |  |  | 743 |  | 3.52 |  |
2.250% Notes due 2050 |  | 808 |  | 2.29 |  |  | 826 |  | 2.29 |  |
5.25% Debentures due 2054 |  | 843 |  | 5.26 |  |  | — |  | — |  |
2.450% Notes due 2060 |  | 1,058 |  | 2.49 |  |  | 1,073 |  | 2.49 |  |
Other |  | 83 |  | — |  |  | 69 |  | — |  |
Subtotal |  | 32,400 | (4) | 3.36 | % | (1) | 27,350 | (4) | 2.98 | % | (1)
Less current portion |  | 1,749 |  |  |  | 1,469 |  |  |
Total long-term debt |  | $30,651 |  |  |  | $25,881 |  |  |
(1)Weighted average effective rate. (2)Translation rate at December 29, 2024. (3)Translation rate at December 31, 2023. (4)The excess of the carrying value over the fair value of debt was $2.0 billion and $1.0 billion at the end of fiscal year 2024 and fiscal year 2023, respectively.
Aggregate Maturities of Long Term Obligations | Aggregate maturities of long-term debt obligations commencing in 2025 are:
(Dollars in Millions) |  |  |  |  |  |  |  |
2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029 |  | After 2029
$1,749 |  | 1,999 |  | 2,385 |  | 2,275 |  | 1,444 |  | 22,548

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