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Debt and Credit Facilities (Tables) | 12 Months Ended
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Dec. 28, 2024
Debt Disclosure [Abstract] |
Debt Summary | Our debt is summarized in the table below:
(In millions) | December 28, 2024 | December 30, 2023
Manufacturing group |  |
4.30% due 2024 | $ | — |  | $ | 350 |
3.875% due 2025 | 350 |  | 350 |
4.00% due 2026 | 350 |  | 350 |
3.65% due 2027 | 350 |  | 350 |
3.375% due 2028 | 300 |  | 300 |
3.90% due 2029 | 300 |  | 300 |
3.00% due 2030 | 650 |  | 650 |
2.45% due 2031 | 500 |  | 500 |
6.10% due 2033 | 350 |  | 350 |
Other (weighted-average rate of 5.87% and 2.44%, respectively) | 97 |  | 26 |
Total Manufacturing group debt | $ | 3,247 |  | $ | 3,526 |
Less: Current portion of long-term debt | (357) |  | (357) |
Total Long-term debt | $ | 2,890 |  | $ | 3,169 |
Finance group |  |
Variable-rate note due 2025 (weighted-average rate of 5.70% and 6.72%, respectively) | $ | 25 |  | $ | 25 |
Fixed-rate note due 2027 (4.40%) | 50 |  | 50 |
Floating Rate Junior Subordinated Notes due 2067 (6.52% and 7.38%, respectively) | 264 |  | 264 |
Other | 2 |  | 9 |
Total Finance group debt | $ | 341 |  | $ | 348 |
Schedule of Required Principal Payments | The following table shows required principal payments during the next five years on debt outstanding at December 28, 2024:
(In millions) | 2025 | 2026 | 2027 | 2028 | 2029
Manufacturing group | $ | 357 |  | $ | 355 |  | $ | 355 |  | $ | 375 |  | $ | 301 |
Finance group | 26 |  | 1 |  | 50 |  | — |  | — |
Total | $ | 383 |  | $ | 356 |  | $ | 405 |  | $ | 375 |  | $ | 301 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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