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Pension and Other Retirement Plans (Tables)
 12 Months Ended
Dec. 29, 2024
Retirement Benefits [Abstract]  
Schedule of Funded Status of Plan
The following table presents a reconciliation of the pension benefit obligation, plan assets and the funded status of our pension plans:
 December 29,
2024		December 31,
2023
 (in millions)
Change in benefit obligation: 
Benefit obligation at beginning of year$1,829 $1,815 
Service cost12 13 
Interest cost99 98 
Benefits paid(116)(118)
Actuarial (gain) loss(24)21 
Benefit obligation at end of year1,799 1,829 
Change in plan assets: (1)
Fair value of plan assets at beginning of year1,551 1,518 
Actual return on plan assets6 129 
Employer contributions56 22 
Benefits paid(116)(118)
Fair value of plan assets at end of year1,498 1,551 
Funded status$302 $278 
Amounts recognized in the consolidated balance sheets:
Net long-term pension liability279 255 
Accrued expenses and other current liabilities23 22 
Net amount recognized at end of year$302 $278 
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(1)Excludes the assets and related activity of our non-qualified defined benefit pension plans. The fair value of assets related to our non-qualified plans was $141 million and $128 million as of December 29, 2024 and December 31, 2023, respectively. These assets are recorded in prepaid expenses and other current assets, and other assets within the consolidated balance sheets.
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)
The following table presents the pre-tax unrecognized items included as components of accumulated other comprehensive loss related to our defined benefit pension plans as of the dates indicated:
December 29,
2024		December 31,
2023
(in millions)
Unrecognized actuarial loss$(552)$(489)
Unrecognized prior service cost(2)(3)
Schedule of Net Benefit Costs
The following table presents the components of the net periodic pension cost (benefit) for the periods indicated: 
Fiscal Year
202420232022
(in millions)
Service cost$12 $13 $23 
Interest cost99 98 77 
Expected return on plan assets(107)(107)(128)
Amortization18 18 22 
Net periodic pension cost (benefit)$22 $22 $(7)
Defined Benefit Plan, Assumptions
The following table shows our weighted average assumptions for the periods indicated:
Fiscal Year
202420232022
Discount rate to determine net periodic pension cost (benefit)5.57 %5.58 %3.07 %
Discount rate to determine benefit obligation5.78 5.57 5.57 
Expected long-term rate of return on plan assets7.05 7.25 6.00 
Rate of compensation increase4.00 4.00 4.00 
Defined Benefit Plan, Plan Assets, Category
The following table presents the fair value of our qualified pension plan assets by major asset category. The allocation of our pension plan assets is based on the target range presented in the following table. 
Asset category:December 29,
2024		December 31,
2023		Target Range
(in millions) 
Cash and cash equivalents, net of unsettled transactions$198 $159 
0-15%
Equity securities511 508 
30-50%
Debt securities493 582 
30-50%
Alternative assets296 302 
2-25%
Total plan assets$1,498 $1,551  
Schedule of Expected Benefit Payments
Expected future benefit payments for our defined benefit pension plans are as follows: 
Fiscal Year(in millions)
2025$122 
2026120 
2027123 
2028126 
2029126 
2030 - 2034659 
Multiemployer Plan
The following table summarizes information about the multiemployer plans in which we participate, including our contributions to the plans. Our contributions to these plans did not exceed 5% of total plan contributions for any plan year presented.
Fiscal Years
Plan
EIN / PN (1)
202420232022Expiration Dates of Collective Bargaining Agreements
(in millions) 
United Food and Commercial Workers International Union Industry Pension Fund51-6055922 / 001$1 $1 $1 
Multiple (2)
Central Pension Fund of the International Union of Operating Engineers and Participating Employers36-6052390 / 001— — — 
October 2028
IAM National Pension Fund National Pension Plan51-6031295 / 002— — — 
February 2026
Total contributions to multiemployer plans$1 $2 $2  
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(1)Represents the Employer Identification Number and the three-digit plan number assigned to a plan by the Internal Revenue Service.
(2)We have multiple collective bargaining agreements associated with the United Food and Commercial Workers International Union Industry Pension Fund. These agreements are currently scheduled to expire between January 2026 and May 2028.