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Debt (Tables)
3 Months Ended
Apr. 03, 2026
Debt Disclosure [Abstract]  
Schedule of Company's Debt
Our debt consisted of the following:
(in millions)Stated interest rateEffective interest rateApril 3,
2026
January 2,
2026
Short-term debt and current portion of long-term debt
Commercial paper
4.13%- 4.23%
Various$300 
$— 
Current portion of long-term debt
20 20
Total short-term debt and current portion of long-term debt
$320 
$20 
Long-term debt:
Senior unsecured term loan:
$1,000 million term loan, due March 2028
5.02%5.16%$500 $500 
Senior unsecured notes:
$600 million notes, due March 2029
4.10%4.20%600 — 
$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 
$500 million notes, due March 2032
5.40%5.42%500 500 
$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 
$500 million notes, due March 2035
5.50%5.55%500 500 
$800 million notes, due March 2036
5.00%5.03%800 — 
$300 million notes, due December 2040
5.95%6.03%218 218 
Finance leases due on various dates through fiscal 2032Various
2.28%-6.31%
49 54 
Less: unamortized debt discounts and deferred debt issuance costs(44)(35)
Total long-term debt6,034 4,648 
Less: current portion
(20)(20)
Total long-term debt, net of current portion$6,014 $4,628 
Schedule of Future Minimum Payments of Long-Term Debt
Future minimum payments of long-term debt are as follows:
Fiscal year ending (in millions)
2026 (remainder of year)
$15 
202714 
2028504 
2029605 
2030755 
2031 and thereafter4,185 
Total principal payments6,078 
Less: unamortized debt discount and issuance costs(44)
Total long-term debt$6,034