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v3.25.2

Income Taxes (Tables) | 12 Months Ended
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Dec. 28, 2024
Income Tax Contingency [Line Items] |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | The components of income before income taxes are as follows:
|  | 2024 |  | 2023 |  | 2022
United States |  | $ | 2,590 |  |  | $ | 4,120 |  |  | $ | 7,305 |
Foreign |  | 9,356 |  |  | 7,297 |  |  | 3,400 |
|  | $ | 11,946 |  |  | $ | 11,417 |  |  | $ | 10,705 |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | The provision for income taxes consisted of the following:
| 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |
U.S. Federal | $ | 1,033 |  |  | $ | 1,133 |  |  | $ | 1,137 |
Foreign | 1,406 |  |  | 1,201 |  |  | 1,027 |
State | 255 |  |  | 309 |  |  | 246 |
| 2,694 |  |  | 2,643 |  |  | 2,410 |
Deferred: |  |  |  |  |
U.S. Federal | (306) |  |  | (109) |  |  | 22 |
Foreign | (10) |  |  | (212) |  |  | (709) |
State | (58) |  |  | (60) |  |  | 4 |
| (374) |  |  | (381) |  |  | (683) |
| $ | 2,320 |  |  | $ | 2,262 |  |  | $ | 1,727 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | A reconciliation of the U.S. Federal statutory tax rate to our annual tax rate is as follows:
| 2024 |  | 2023 |  | 2022
U.S. Federal statutory tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State income tax, net of U.S. Federal tax benefit | 1.3 |  |  | 1.8 |  |  | 1.8 |
Lower taxes on foreign results | (2.5) |  |  | (2.5) |  |  | (1.5) |
One-time mandatory transition tax - TCJ Act | — |  |  | — |  |  | 0.8 |
Juice Transaction | — |  |  | (0.1) |  |  | (2.4) |
Tax settlements | — |  |  | — |  |  | (3.0) |
Other, net | (0.4) |  |  | (0.4) |  |  | (0.6) |
Annual tax rate | 19.4 | % |  | 19.8 | % |  | 16.1 | %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | Deferred tax liabilities and assets are comprised of the following:
| 2024 |  | 2023
Deferred tax liabilities |  |  |
Debt guarantee of wholly-owned subsidiary | $ | 578 |  |  | $ | 578 |
Property, plant and equipment | 1,868 |  |  | 1,978 |
Recapture of net operating losses | 488 |  |  | 492 |
Pension liabilities | 112 |  |  | 167 |
Right-of-use assets | 772 |  |  | 660 |
Investment in TBG | — |  |  | 93 |
Other | 301 |  |  | 350 |
Gross deferred tax liabilities | 4,119 |  |  | 4,318 |
Deferred tax assets |  |  |
Net carryforwards | 6,737 |  |  | 6,877 |
Intangible assets other than nondeductible goodwill | 1,599 |  |  | 1,758 |
Share-based compensation | 148 |  |  | 137 |
Retiree medical benefits | 104 |  |  | 114 |
Other employee-related benefits | 415 |  |  | 412 |
Deductible state tax and interest benefits | 202 |  |  | 176 |
Lease liabilities | 773 |  |  | 660 |
Capitalized research and development | 256 |  |  | 210 |
Other | 948 |  |  | 1,031 |
Gross deferred tax assets | 11,182 |  |  | 11,375 |
Valuation allowances | (6,185) |  |  | (6,478) |
Deferred tax assets, net | 4,997 |  |  | 4,897 |
Net deferred tax (assets)/liabilities | $ | (878) |  |  | $ | (579) |
A summary of our valuation allowance activity is as follows:
| 2024 |  | 2023 |  | 2022
Balance, beginning of year | $ | 6,478 |  |  | $ | 5,013 |  |  | $ | 4,628 |
(Benefit)/provision | (198) |  |  | 1,419 |  |  | 492 |
Other (deductions)/additions | (95) |  |  | 46 |  |  | (107) |
Balance, end of year | $ | 6,185 |  |  | $ | 6,478 |  |  | $ | 5,013 |
Summary of Income Tax Contingencies [Table Text Block] | Our major taxing jurisdictions and the related open tax audits are as follows:
Jurisdiction |  | Years Open to Audit |  | Years Currently Under Audit
United States |  | 2014-2023 |  | 2014-2019
Mexico |  | 2014-2023 |  | 2014-2019
United Kingdom |  | 2021-2023 |  | None
Canada (Domestic) |  | 2018-2023 |  | 2019
Canada (International) |  | 2012-2023 |  | 2012-2019
Russia |  | 2021-2023 |  | None
Reserves Rollforward | A reconciliation of unrecognized tax benefits is as follows:
| 2024 |  | 2023
Balance, beginning of year | $ | 2,093 |  |  | $ | 1,867 |
Additions for tax positions related to the current year | 210 |  |  | 225 |
Additions for tax positions from prior years | 108 |  |  | 123 |
Reductions for tax positions from prior years | (46) |  |  | (51) |
Settlement payments | (24) |  |  | (16) |
Statutes of limitations expiration | (31) |  |  | (33) |
Translation and other | (26) |  |  | (22) |
Balance, end of year | $ | 2,284 |  |  | $ | 2,093 |

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