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DISCONTINUED OPERATIONS (Tables) | 12 Months Ended
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Dec. 30, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations |
(millions) | 2023 | 2022 | 2021
Net sales | $ | 2,085 |  | $ | 2,662 |  | $ | 2,434 |
Cost of goods sold | $ | 1,387 |  | $ | 1,858 |  | $ | 1,692 |
Selling, general and administrative expense | $ | 479 |  | $ | 381 |  | $ | 373 |
Operating profit | $ | 219 |  | $ | 423 |  | $ | 369 |
Interest expense | $ | 26 |  | $ | 17 |  | $ | 18 |
Other income (expense), net | $ | 54 |  | $ | (111) |  | $ | 162 |
Income from discontinued operations before income taxes | $ | 247 |  | $ | 295 |  | $ | 513 |
Income taxes | $ | 71 |  | $ | 64 |  | $ | 121 |
Net income from discontinued operations, net of tax | $ | 176 |  | $ | 231 |  | $ | 392 |
The following table presents assets and liabilities that are classified as discontinued operations on the consolidated balance sheet as of December 31, 2022:
(millions) |
Cash and cash equivalents | $ | — |
Accounts receivable, net | $ | 204 |
Inventories | $ | 429 |
Other current assets | $ | 5 |
Total current assets of discontinued operations | $ | 638 |
Property, net | $ | 699 |
Operating lease right-of-use assets | $ | 7 |
Goodwill | $ | 305 |
Other intangibles | $ | 57 |
Other assets | $ | 210 |
Total assets of discontinued operations | $ | 1,916 |
Accounts payable | $ | 405 |
Current operating lease liabilities | $ | 3 |
Accrued advertising and promotion | $ | 57 |
Accrued salaries and wages | $ | 52 |
Other current liabilities | $ | 31 |
Total current liabilities of discontinued operations | $ | 548 |
Operating lease liabilities | $ | 4 |
Deferred income taxes | $ | 53 |
Pension liability | $ | 116 |
Other non-current liabilities | $ | 10 |
Total liabilities of discontinued operations | $ | 731 |
Schedule of Disposal Groups Including Discontinued Operations Cash Flow Information |
(millions) | 2023 | 2022 | 2021
Depreciation and amortization | $ | 52 |  | $ | 74 |  | $ | 72 |
Additions to properties | $ | 107 |  | $ | 87 |  | $ | 90 |
Postretirement benefit plan expense (benefit) | $ | (53) |  | $ | 123 |  | $ | (143) |

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