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Accounts Receivable and Finance Receivables (Tables)

3 Months Ended

Mar. 29, 2025

Receivables [Abstract]

Accounts Receivable

Accounts receivable is composed of the following:

(In millions)			March 29, 2025			December 28, 2024
Commercial			$	792		$	738
U.S. Government contracts			167			230
			959			968
Allowance for credit losses			(19)			(19)
Total accounts receivable, net			$	940		$	949

Finance Receivables

Finance receivables are presented in the following table:

(In millions)			March 29, 2025			December 28, 2024
Finance receivables			$	629		$	622
Allowance for credit losses			(19)			(19)
Total finance receivables, net			$	610		$	603

Finance Receivables Categorized Based On Credit Quality Indicators

Finance receivables categorized based on the credit quality indicators and by the delinquency aging category are summarized as follows:

(Dollars in millions)			March 29, 2025			December 28, 2024
Performing			$	626		$	612
Nonaccrual			3			10
Nonaccrual as a percentage of finance receivables			0.48%			1.61%
Current and less than 31 days past due			$	623		$	609
31-60 days past due			6			13
60+ days contractual delinquency as a percentage of finance receivables			—%			—%

Finance Receivables By Delinquency Aging Category

Finance receivables categorized based on the credit quality indicators and by the delinquency aging category are summarized as follows:

(Dollars in millions)			March 29, 2025			December 28, 2024
Performing			$	626		$	612
Nonaccrual			3			10
Nonaccrual as a percentage of finance receivables			0.48%			1.61%
Current and less than 31 days past due			$	623		$	609
31-60 days past due			6			13
60+ days contractual delinquency as a percentage of finance receivables			—%			—%

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

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