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Plans of Restructuring
6 Months Ended
Jun. 25, 2022
Plans of Restructuring [Abstract]  
Plans of Restructuring
Note 13 – Plans of Restructuring
On November 20, 2019, we committed to a contemplated restructuring
 
initiative intended to mitigate stranded costs
associated with the spin-off of our animal health business and to rationalize operations
 
and to provide expense
efficiencies.
 
These restructuring activities were completed in 2021.
During the three and six months ended June 26, 2021, we recorded restructuring
 
costs of $
1
 
million and $
4
 
million,
respectively.
 
As of June 25, 2022 and December 25, 2021, the remaining
 
accrued balance for restructuring costs
was $
1
 
million and $
4
 
million, respectively.
On August 1, 2022, we committed to a restructuring plan focused on funding
 
the priorities of the strategic plan and
streamlining operations and other initiatives to increase efficiency.
 
We expect to record restructuring charges in
2022 and 2023, however an estimate of the amount of these charges has not yet been
 
determined.
 
Any restructuring
charges are expected primarily to include severance pay and facility-related costs.