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INCOME TAXES (Tables)

12 Months Ended

Dec. 30, 2023

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax and Provision for Income Taxes [Table Text Block]

(millions)						2023						2022						2021
Income before income taxes
United States						$	577					$	360					$	693
Foreign						463						542						759
						1,040						902						1,452
Income taxes
Currently payable
Federal						153						110						101
State						29						19						27
Foreign						114						101						106
						296						230						234
Deferred
Federal						(49)						(43)						37
State						23						(6)						1
Foreign						(12)						(1)						81
						(38)						(50)						119
Total income taxes						$	258					$	180					$	353

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

						2023						2022						2021
U.S. statutory income tax rate						21.0		%				21.0		%				21.0		%
Foreign rates varying from U.S. statutory rate						(2.9)						(3.6)						(2.3)
State income taxes, net of federal benefit						2.0						1.0						1.6
Cost (benefit) of remitted and unremitted foreign earnings						1.7						2.0						0.8
Net change in valuation allowance						3.0						4.6						3.6
Statutory rate changes, deferred tax impact						0.1						0.3						1.0
Foreign derived intangible income						(1.3)						(1.6)						(0.9)
Other						1.2						(3.7)						(0.5)
Effective income tax rate						24.8		%				20.0		%				24.3		%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

						Deferred tax assets												Deferred tax liabilities
(millions)						2023						2022						2023						2022
U.S. state income taxes						$	—					$	—					$	9					$	27
Advertising and promotion-related						12						15						—						—
Wages and payroll taxes						15						19						—						—
Inventory valuation						12						19						—						—
Employee benefits						99						64						—						—
Operating loss, credit and other carryforwards						350						363						—						—
Research and development capitalization						40						22						—						—
Hedging transactions						—						—						8						37
Depreciation and asset disposals						—						—						177						286
Operating lease right-of-use assets						—						—						149						138
Operating lease liabilities						147						139						—						—
Trademarks and other intangibles						—						—						466						549
Deferred compensation						13						27						—						—
Stock options						43						28						—						—
Other						64						34						—						—
						795						730						809						1,037
Less valuation allowance						(300)						(263)						—						—
Total deferred taxes						$	495					$	467					$	809					$	1,037
Net deferred tax asset (liability)						$	(314)					$	(570)
Classified in balance sheet as:
Other assets						$	183					$	190
Other liabilities						(497)						(760)			*
Net deferred tax asset (liability)						$	(314)					$	(570)

Summary of Valuation Allowance [Table Text Block]

(millions)						2023						2022						2021
Balance at beginning of year						$	263					$	248					$	192
Additions charged to income tax expense (a)						65						44						59
Reductions credited to income tax expense						(34)						(3)						(6)
Acquisition of noncontrolling interest						—						—						13
Currency translation adjustments						6						(26)						(10)
Balance at end of year						$	300					$	263					$	248

Summary of Positions for which Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Table Text Block]

(millions)						2023						2022						2021
Balance at beginning of year						$	36					$	50					$	65
Tax positions related to current year:
Additions						6						6						5
Tax positions related to prior years:
Additions						3						1						5
Reductions						(10)						(18)						(13)
Settlements						(1)						(1)						(9)
Lapses in statutes of limitation						(2)						(2)						(3)
Balance at end of year						$	32					$	36					$	50

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination.

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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