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Accounts Payable and Liabilities
12 Months Ended
Dec. 28, 2024
Other Liabilities Disclosure [Abstract]  
Accounts Payable and Liabilities Accounts Payable and Liabilities
Accounts Payable
Supplier Financing Arrangement
We have a financing arrangement with one of our suppliers that extends payment terms for up to 190 days from the receipt of goods and provides for the supplier to be paid by a financial institution earlier than maturity. In June 2024, the maximum amount available under the financing arrangement was increased by $25 million to $200 million. This financing arrangement expires in April 2027. At December 28, 2024 and December 30, 2023, the amount due under the supplier financing arrangement was $50 million and $125 million, respectively. During 2024, the amounts added under this arrangement totaled $247 million and the amounts settled totaled $322 million.
Other Current Liabilities
The other current liabilities of our Manufacturing group are summarized below:
(In millions)December 28,
2024
December 30,
2023
Contract liabilities$1,734 $1,595 
Salaries, wages and employer taxes456 466 
Current portion of warranty and product repair and maintenance program liabilities177 215 
Other727 722 
Total$3,094 $2,998 
Warranty Liability
Changes in our current and non-current warranty liability are as follows:
(In millions)202420232022
Balance at beginning of year$172 $149 $127 
Provision79 76 73 
Settlements(72)(69)(60)
Adjustments*(6)16 
Balance at end of year$173 $172 $149 
* Adjustments include changes to prior year estimates, new issues on prior year sales, currency translation adjustments and acquisitions.