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PENSION BENEFITS (Tables) - Pension | 12 Months Ended
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Dec. 28, 2024
Defined Benefit Plan Disclosure [Line Items] |
Components of Company Plan Benefit Expense [Table Text Block] |
(millions) |  | 2024 |  | 2023
Change in projected benefit obligation |  |  |  |
Beginning of year |  | $ | 3,077 |  |  | $ | 2,877 |
Service cost |  | 16 |  |  | 17 |
Interest cost |  | 140 |  |  | 149 |
Amendments |  | 1 |  |  | 38 |
Actuarial (gain)loss |  | (238) |  |  | 198 |
Benefits paid |  | (210) |  |  | (256) |
Curtailment and special termination benefits |  | 1 |  |  | — |
Other |  | (3) |  |  | — |
Foreign currency adjustments |  | (35) |  |  | 54 |
End of year |  | $ | 2,749 |  |  | $ | 3,077 |
Change in plan assets |  |  |  |
Fair value beginning of year |  | $ | 2,650 |  |  | $ | 2,589 |
Actual return on plan assets |  | (107) |  |  | 211 |
Employer contributions |  | 51 |  |  | 25 |
Benefits paid |  | (190) |  |  | (238) |
Other |  | (43) |  |  | — |
Foreign currency adjustments |  | (39) |  |  | 63 |
Fair value end of year |  | $ | 2,322 |  |  | $ | 2,650 |
Funded status |  | $ | (427) |  |  | $ | (427) |
Amounts recognized in the Consolidated Balance Sheet consist of |  |  |  |
Other assets |  | $ | 185 |  |  | $ | 201 |
Other current liabilities |  | (13) |  |  | (15) |
Pension liability |  | (599) |  |  | (613) |
Net amount recognized |  | $ | (427) |  |  | $ | (427) |
Amounts recognized in accumulated other comprehensive income consist of |  |  |  |
Prior service cost |  | $ | 64 |  |  | $ | 71 |
Net amount recognized |  | $ | 64 |  |  | $ | 71 |
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Table Text Block] |
(millions) |  | 2024 |  | 2023
Projected benefit obligation |  | $ | 1,722 |  |  | $ | 1,844 |
Accumulated benefit obligation |  | $ | 1,713 |  |  | $ | 1,834 |
Fair value of plan assets |  | $ | 1,109 |  |  | $ | 1,224 |
Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets | Information for pension plans with projected benefit obligations in excess of plan assets were:
(millions) |  | 2024 |  | 2023
Projected benefit obligation |  | $ | 1,722 |  |  | $ | 1,924 |
Accumulated benefit obligation |  | $ | 1,713 |  |  | $ | 1,893 |
Fair value of plan assets |  | $ | 1,109 |  |  | $ | 1,299 |
Schedule of Net Benefit Costs [Table Text Block] |
(millions) |  | 2024 |  | 2023 |  | 2022
Service cost |  | $ | 16 |  |  | $ | 17 |  |  | $ | 20 |
Interest cost |  | 140 |  |  | 149 |  |  | 109 |
Expected return on plan assets |  | (164) |  |  | (183) |  |  | (215) |
Amortization of unrecognized prior service cost |  | 7 |  |  | 6 |  |  | 6 |
Other expense (income) |  | — |  |  | — |  |  | (1) |
Recognized net (gain) loss |  | 35 |  |  | 171 |  |  | 153 |
Net periodic benefit cost |  | 34 |  |  | 160 |  |  | 72 |
Curtailment and special termination benefits |  | 1 |  |  | — |  |  | — |
Pension (income) expense: |  |  |  |  |  |
Defined benefit plans |  | 35 |  |  | 160 |  |  | 72 |
Defined contribution plans |  | 5 |  |  | 5 |  |  | 5 |
Total |  | $ | 40 |  |  | $ | 165 |  |  | $ | 77 |
Defined Benefit Plan, Assumptions [Table Text Block] |
|  | 2024 |  | 2023 |  | 2022
Discount rate |  | 5.4 | % |  | 4.8 | % |  | 5.3 | %
Long-term rate of compensation increase |  | 3.3 | % |  | 3.3 | % |  | 3.5 | %
The worldwide weighted-average actuarial assumptions used to determine annual net periodic benefit cost were:
|  | 2024 |  | 2023 |  | 2022
Discount rate |  | 4.8 | % |  | 5.3 | % |  | 2.2 | %
Discount rate - interest |  | 4.7 | % |  | 5.2 | % |  | 2.1 | %
Long-term rate of compensation increase |  | 3.3 | % |  | 3.5 | % |  | 3.5 | %
Long-term rate of return on plan assets |  | 6.7 | % |  | 7.2 | % |  | 5.9 | %
Schedule of Allocation of Plan Assets [Table Text Block] |
(millions) |  | Fair Value Hierarchy Level |  | 2024 |  | 2023 |  |  |  |
Cash and cash equivalents |  | 1 |  | $ | 23 |  |  | $ | 60 |  |  |  |  |
Corporate stock, common |  | 1 |  | 73 |  |  | 53 |  |  |  |  |
Collective trusts: |  |  |  |  |  |  |  |  |  |
Equity |  | 2 |  | 16 |  |  | 13 |  |  |  |  |
Debt |  | 2 |  | — |  |  | 38 |  |  |  |  |
Bonds, corporate |  | 2 |  | 192 |  |  | 222 |  |  |  |  |
Bonds, government |  | 2 |  | 72 |  |  | 94 |  |  |  |  |
Bonds, other |  | 2 |  | 12 |  |  | 16 |  |  |  |  |
Buy-in annuity contract |  | 3 |  | 702 |  |  | 839 |  |  |  |  |
Other (a) |  | 2, 3 |  | 24 |  |  | 29 |  |  |  |  |
Sub-total |  |  |  | $ | 1,114 |  |  | $ | 1,364 |  |  |  |  |
Investments measured at net asset value (NAV) practical expedient (b) |  |  |  | 1,208 |  |  | 1,286 |  |  |  |  |
Total plan assets |  |  |  | $ | 2,322 |  |  | $ | 2,650 |  |  |  |  |
(a) Other includes Level 2 assets of $0 million and $3 million for 2024 and 2023, respectively, and Level 3 assets of $24 million and $26 million for 2024 and 2023, respectively. (b) Certain assets that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. These assets consist primarily of funds holding equity securities.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets | Changes in fair value of the Plan's Level 3 assets are summarized as follows:
(millions) |  | Annuity Contract | Other
December 31, 2022 |  | $ | 173 |  | $ | 26 |
Additions |  | 589 |  | — |
Realized and unrealized loss |  | 68 |  | (1) |
Currency translation |  | 9 |  | 1 |
December 30, 2023 |  | $ | 839 |  | $ | 26 |
Subtractions |  | — |  | (2) |
Realized and unrealized loss |  | (129) |  | 1 |
Currency translation |  | (8) |  | (1) |
December 28, 2024 |  | $ | 702 |  | $ | 24 |

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