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Shareholders' Equity (Tables)
12 Months Ended
Dec. 28, 2024
Equity [Abstract]  
Schedule of Capital Stock Outstanding common stock activity is presented below:
(In thousands)202420232022
Balance at beginning of year192,898 206,161 216,935 
Share repurchases(12,890)(16,169)(13,075)
Share-based compensation activity2,956 2,906 2,301 
Balance at end of year182,964 192,898 206,161 
Schedule of Weighted-Average Shares Outstanding for Basic and Diluted EPS
The weighted-average shares outstanding for basic and diluted EPS are as follows:
(In thousands)202420232022
Basic weighted-average shares outstanding188,318 199,719 212,809 
Dilutive effect of stock options1,989 2,055 2,164 
Diluted weighted-average shares outstanding190,307 201,774 214,973 
Schedule of Components of Accumulated Other Comprehensive Income (Loss)
The components of Accumulated other comprehensive loss are presented below:
(In millions)Pension and
Postretirement
Benefits
Adjustments
Foreign
Currency
Translation
Adjustments
Deferred
Gains (Losses)
on Hedge
Contracts
Accumulated
Other
Comprehensive
Loss
Balance at December 31, 2022$(516)$(94)$(2)$(612)
Other comprehensive loss before reclassifications(82)45 (1)(38)
Reclassified from Accumulated other comprehensive loss— — 
Balance at December 30, 2023$(598)$(49)$$(644)
Other comprehensive income before reclassifications418 (74)(9)335 
Reclassified from Accumulated other comprehensive loss
Balance at December 28, 2024$(179)$(120)$(5)$(304)
Schedule of Before and After Tax Components of Other Comprehensive Income (Loss)
The before and after-tax components of other comprehensive income (loss) are presented below:
202420232022
(In millions)Pre-Tax
Amount
Tax
(Expense)
Benefit
After-
Tax
Amount
Pre-Tax
Amount
Tax
(Expense)
Benefit
After-
Tax
Amount
Pre-Tax
Amount
Tax
(Expense)
Benefit
After-
Tax
Amount
Pension and postretirement benefits
  adjustments:
Unrealized gains (losses)$568 $(136)$432 $(102)$25 $(77)$285 $(67)$218 
Amortization of net actuarial (gain) loss*(5)(4)(7)(5)83 (20)63 
Amortization of prior service cost*(3)(3)(2)
Recognition of prior service cost(19)(14)(7)(5)(4)— (4)
Pension and postretirement benefits
  adjustments, net
552 (133)419 (108)26 (82)372 (89)283 
Foreign currency translation adjustments:
Foreign currency translation adjustments(74)— (74)45 — 45 (103)— (103)
Other— — — — — — — 
Foreign currency translation adjustments, net(71)— (71)45 — 45 (103)— (103)
Deferred gains (losses) on hedge contracts:
Current deferrals(11)(9)(2)(1)(7)(3)
Reclassification adjustments(1)(2)— — — 
Deferred gains (losses) on hedge
  contracts, net
(9)(8)(1)(7)(3)
Total$472 $(132)$340 $(57)$25 $(32)$262 $(85)$177 
* These components of other comprehensive income (loss) are included in the computation of net periodic pension cost. See Note 14 for additional information.