v3.25.4

Debt and Credit Facilities (Tables) | 12 Months Ended
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Jan. 03, 2026
Debt Disclosure [Abstract] |
Debt Summary | Our debt is summarized in the table below:
(In millions) | January 3, 2026 | December 28, 2024
Manufacturing group |  |
3.875% due 2025 | $ | — |  | $ | 350 |
4.00% due 2026* | — |  | 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 |
5.50% due 2035 | 500 |  | — |
4.95% due 2036 | 500 |  | — |
Other (weighted-average rate of 6.08% and 5.87%, respectively) | 89 |  | 97 |
Total Manufacturing group debt | $ | 3,539 |  | $ | 3,247 |
Less: Current portion of long-term debt | (5) |  | (357) |
Total Long-term debt | $ | 3,534 |  | $ | 2,890 |
Finance group |  |
Variable-rate note due 2028 (weighted-average rate of 5.04% and 5.70%, respectively) | $ | 25 |  | $ | 25 |
Fixed-rate note due 2027 (4.40%) | 50 |  | 50 |
Floating Rate Junior Subordinated Notes due 2067 (5.85% and 6.52%, respectively) | 264 |  | 264 |
Other | — |  | 2 |
Total Finance group debt | $ | 339 |  | $ | 341 |
* On December 31, 2025, we repaid our $350 million 4.00% notes due in March 2026.
Schedule of Required Principal Payments | The following table shows required principal payments during the next five years on debt outstanding at January 3, 2026:
(In millions) | 2026 | 2027 | 2028 | 2029 | 2030
Manufacturing group | $ | 5 |  | $ | 355 |  | $ | 375 |  | $ | 301 |  | $ | 651 |
Finance group | — |  | 50 |  | 25 |  | — |  | — |
Total | $ | 5 |  | $ | 405 |  | $ | 400 |  | $ | 301 |  | $ | 651 |

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