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Debt (Tables)

12 Months Ended

Jan. 03, 2025

Debt Disclosure [Abstract]

Schedule of Company's Debt

Debt consisted of the following:

(in millions)						Stated interest rate						Effective interest rate						January 3, 2025						December 29, 2023
Senior unsecured term loan:
$1,000 million term loan, due March 2028						5.83		%				6.00		%				$	1,000					$	1,000
Senior unsecured notes:
$500 million notes, due May 2025						3.63		%				3.76		%				500						500
$750 million notes, due May 2030						4.38		%				4.50		%				750						750
$1,000 million notes, due February 2031						2.30		%				2.38		%				1,000						1,000
$250 million notes, due July 2032						7.13		%				7.43		%				250						250
$750 million notes, due March 2033						5.75		%				5.81		%				750						750
$300 million notes, due July 2033						5.50		%				5.88		%				161						161
$300 million notes, due December 2040						5.95		%				6.03		%				218						218
Finance leases due on various dates through fiscal 2032						Various						1.84%-6.31%						73						91
Less: unamortized debt discounts and deferred debt issuance costs																		(32)						(38)
Total long-term debt																		4,670						4,682
Less: current portion																		(618)						(18)
Total long-term debt, net of current portion																		$	4,052					$	4,664

Schedule of Future Minimum Payments of Debt

Future minimum payments of debt are as follows:

Fiscal Year Ending (in millions)
2025						$	618
2026						120
2027						114
2028						705
2029						5
2030 and thereafter						3,140
Total principal payments						4,702
Less: unamortized debt discount and issuance costs						(32)
Total long-term debt						$	4,670

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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.

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