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Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended
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Oct. 04, 2025
Equity [Abstract] |
Components of Accumulated Other Comprehensive Income (Loss) | The following tables reflect the changes in accumulated other comprehensive income (loss) by component for the three months and nine months ended October 4, 2025 and September 28, 2024 (in millions):
|  | Three-Month (13-Week) Period Ended |
|  | October 4, 2025 |
|  | Gains and (Losses) on |  |  | Foreign Currency |  |  | Adjustment to Early |  |  |  |
|  | Hedging Derivatives |  |  | Gains (Losses) |  |  | Retiree Medical Plan |  |  | Total |
Accumulated other comprehensive income (loss) at July 5, 2025 |  | $ | 2 |  |  | $ | (180 | ) |  | $ | 11 |  |  | $ | (167 | )
Other comprehensive income (loss) before reclassifications |  |  | (10 | ) |  |  | (19 | ) |  |  | - |  |  |  | (29 | )
Amounts reclassified from accumulated other comprehensive income (loss) into earnings (1) |  |  | 7 |  |  |  | - |  |  |  | - |  |  |  | 7 |
Net current-period other comprehensive income (loss) |  |  | (3 | ) |  |  | (19 | ) |  |  | - |  |  |  | (22 | )
Accumulated other comprehensive income (loss) at October 4, 2025 |  | $ | (1 | ) |  | $ | (199 | ) |  | $ | 11 |  |  | $ | (189 | )
|  | Nine-Month (39-Week) Period Ended |
|  | October 4, 2025 |
|  | Gains and (Losses) on |  |  | Foreign Currency |  |  | Adjustment to Early |  |  |  |
|  | Hedging Derivatives |  |  | Gains (Losses) |  |  | Retiree Medical Plan |  |  | Total |
Accumulated other comprehensive income (loss) at December 31, 2024 |  | $ | 1 |  |  | $ | (220 | ) |  | $ | 11 |  |  | $ | (208 | )
Other comprehensive income (loss) before reclassifications |  |  | (16 | ) |  |  | 21 |  |  |  | - |  |  |  | 5 |
Amounts reclassified from accumulated other comprehensive income (loss) into earnings (1) |  |  | 14 |  |  |  | - |  |  |  | - |  |  |  | 14 |
Net current-period other comprehensive income (loss) |  |  | (2 | ) |  |  | 21 |  |  |  | - |  |  |  | 19 |
Accumulated other comprehensive income (loss) at October 4, 2025 |  | $ | (1 | ) |  | $ | (199 | ) |  | $ | 11 |  |  | $ | (189 | )
(1) Includes $7 million and $14 million net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net losses on commodity contracts in the third quarter and first nine months of 2025, respectively. The tax impact of those reclassifications was $3 million and $5 million in the third quarter and first nine months of 2025, respectively.
|  | Three-Month (13-Week) Period Ended |
|  | September 28, 2024 |
|  | Gains and (Losses) on |  |  | Foreign Currency |  |  | Adjustment to Early |  |  |  |
|  | Hedging Derivatives |  |  | Gains (Losses) |  |  | Retiree Medical Plan |  |  | Total |
Accumulated other comprehensive income (loss) at June 29, 2024 |  | $ | (6 | ) |  | $ | (183 | ) |  | $ | 11 |  |  | $ | (178 | )
Other comprehensive income (loss) before reclassifications |  |  | (6 | ) |  |  | 10 |  |  |  | - |  |  |  | 4 |
Amounts reclassified from accumulated other comprehensive income (loss) into earnings (2) |  |  | 6 |  |  |  | - |  |  |  | - |  |  |  | 6 |
Net current-period other comprehensive income (loss) |  |  | - |  |  |  | 10 |  |  |  | - |  |  |  | 10 |
Accumulated other comprehensive income (loss) at September 28, 2024 |  | $ | (6 | ) |  | $ | (173 | ) |  | $ | 11 |  |  | $ | (168 | )
|  | Nine-Month (39-Week) Period Ended |
|  | September 28, 2024 |
|  | Gains and (Losses) on |  |  | Foreign Currency |  |  | Adjustment to Early |  |  |  |
|  | Hedging Derivatives |  |  | Gains (Losses) |  |  | Retiree Medical Plan |  |  | Total |
Accumulated other comprehensive income (loss) at December 31, 2023 |  | $ | (14 | ) |  | $ | (159 | ) |  | $ | 11 |  |  | $ | (162 | )
Other comprehensive income (loss) before reclassifications |  |  | (11 | ) |  |  | (14 | ) |  |  | - |  |  |  | (25 | )
Amounts reclassified from accumulated other comprehensive income (loss) into earnings (2) |  |  | 19 |  |  |  | - |  |  |  | - |  |  |  | 19 |
Net current-period other comprehensive income (loss) |  |  | 8 |  |  |  | (14 | ) |  |  | - |  |  |  | (6 | )
Accumulated other comprehensive income (loss) at September 28, 2024 |  | $ | (6 | ) |  | $ | (173 | ) |  | $ | 11 |  |  | $ | (168 | )
Includes $6 million and $19 million net-of-tax impact of accumulated other comprehensive income (loss) reclassifications into cost of products sold for net losses on commodity contracts in the third quarter and first nine months of 2024, respectively. The tax impact of those reclassifications was $2 million and $6 million in the third quarter and first nine months of 2024, respectively.

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