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Restructuring (Tables) | 12 Months Ended
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Dec. 29, 2024
Restructuring and Related Activities [Abstract] |
Restructuring and Related Costs | The following table details the charges by major type of cost.
| Fiscal Year |  | Cumulative |  |
| 2024 |  | 2023 |  | 2022 |  |
| (in millions)
Accelerated depreciation (1) | $ | 3 |  |  | $ | 85 |  |  | $ | 83 |  |  | $ | 171 |  |  |
Contract termination costs | 9 |  |  | 42 |  |  | 6 |  |  | 57 |  |  |
Employee termination benefits | 1 |  |  | 3 |  |  | 28 |  |  | 32 |  |  |
Loss on asset disposals (2) | 4 |  |  | 2 |  |  | 3 |  |  | 9 |  |  |
Other exit costs | 15 |  |  | 64 |  |  | 31 |  |  | 110 |  |  |
Total | $ | 31 |  |  | $ | 195 |  |  | $ | 151 |  |  | $ | 377 |  |  |
________________ (1)Accelerated depreciation includes $11 million and $20 million for AROs in fiscal years 2023 and 2022, respectively, which were recorded in connection with the decisions to close certain Company-owned farms in accordance with our general permit for concentrated animal feeding operations in the State of Utah. (2)On November 26, 2024, we sold certain hog farms in Missouri for $32 million. The transaction resulted in a loss of $4 million.
Schedule of Restructuring Reserve by Type of Cost | The following table reconciles the beginning and ending liability balances associated with these restructuring activities.
| Balance, January 1, 2023 |  | Additions |  | Payments |  | Balance, December 31, 2023 |  | Additions |  | Payments |  | Balance, December 29, 2024
| (in millions)
Contract termination costs | $ | 5 |  |  | $ | 42 |  |  | $ | (5) |  |  | $ | 42 |  |  | $ | 13 |  |  | $ | (54) |  |  | $ | — |
Employee termination benefits | 27 |  |  | 3 |  |  | (28) |  |  | 2 |  |  | 2 |  |  | (4) |  |  | — |
Other exit costs | — |  |  | 64 |  |  | (56) |  |  | 8 |  |  | 5 |  |  | (12) |  |  | — |
Total | $ | 33 |  |  | $ | 108 |  |  | $ | (89) |  |  | $ | 52 |  |  | $ | 19 |  |  | $ | (70) |  |  | $ | 1 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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