XML 47 R32.htm IDEA: XBRL DOCUMENT
v3.24.3

DEBT AND CREDIT ARRANGEMENTS (Tables) | 9 Months Ended
--- | ---
Sep. 27, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt, Net | Long-term debt, net is summarized below:
(In millions) | September 27, 2024 |  | December 29, 2023
Variable-rate debt: |  |  |
Term loan, due November 21, 2025 (“Term Loan 2025”) | $ | — |  |  | $ | 2,250 |
Fixed-rate debt: |  |  |
3.95% notes, due May 28, 2024 (“3.95% 2024 Notes”) | — |  |  | 350 |
3.832% notes, due April 27, 2025 (“3.832% 2025 Notes”) | 600 |  |  | 600 |
7.00% debentures, due January 15, 2026 | 100 |  |  | 100 |
3.85% notes, due December 15, 2026 | 550 |  |  | 550 |
5.40% notes, due January 15, 2027(1) | 1,250 |  |  | 1,250 |
6.35% debentures, due February 1, 2028 | 26 |  |  | 26 |
4.40% notes, due June 15, 2028 | 1,850 |  |  | 1,850 |
5.05% notes, due June 1, 2029 (“5.05% 2029 Notes”) | 750 |  |  | — |
2.90% notes, due December 15, 2029 | 400 |  |  | 400 |
1.80% notes, due January 15, 2031 | 650 |  |  | 650 |
5.25% notes, due June 1, 2031 (“5.25% 2031 Notes”) | 750 |  |  | — |
5.40% notes, due July 31, 2033(1) | 1,500 |  |  | 1,500 |
5.35% notes, due June 1, 2034 (“5.35% 2034 Notes”) | 750 |  |  | — |
4.854% notes, due April 27, 2035 | 400 |  |  | 400 |
6.15% notes, due December 15, 2040 | 300 |  |  | 300 |
5.054% notes, due April 27, 2045 | 500 |  |  | 500 |
5.60% notes, due July 31, 2053(1) | 500 |  |  | 500 |
5.50% notes, due August 15, 2054 (“5.50% 2054 Notes”) | 600 |  |  | — |
Total variable and fixed-rate debt | 11,476 |  |  | 11,226 |
Financing lease obligations and other debt | 300 |  |  | 300 |
Long-term debt, including the current portion of long-term debt | 11,776 |  |  | 11,526 |
Plus: unamortized bond premium | 41 |  |  | 51 |
Less: unamortized discounts and issuance costs | (84) |  |  | (54) |
Long-term debt, including the current portion of long-term debt, net | 11,733 |  |  | 11,523 |
Less: current portion of long-term debt, net | (640) |  |  | (363) |
Total long-term debt, net | $ | 11,093 |  |  | $ | 11,160 |
_______________ (1) Collectively, the “AJRD Notes.”

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

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration