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MERGER, RESTRUCTURING AND OTHER ACTIVITY (Tables)
 12 Months Ended
Dec. 28, 2024
Merger Restructuring And Other Activity [Abstract]  
Summary of Major Components of Merger, Restructuring and Other Operating Expenses, Net The table below summarizes the major components of Merger, restructuring and other operating expenses, net.

(In millions)

 

2024

 

 

2023

 

 

2022

 

Merger and transaction related expenses

 

 

 

 

 

 

 

 

 

Transaction and integration

 

$

(1

)

 

$

—

 

 

$

(7

)

Total Merger and transaction related expenses

 

 

(1

)

 

 

—

 

 

 

(7

)

Restructuring expenses

 

 

 

 

 

 

 

 

 

Severance

 

 

23

 

 

 

1

 

 

 

(13

)

Professional fees

 

 

15

 

 

 

—

 

 

 

—

 

Facility closure, contract termination, and other expenses, net

 

 

10

 

 

 

3

 

 

 

5

 

Total Restructuring expenses, net

 

 

48

 

 

 

4

 

 

 

(8

)

Other operating expenses

 

 

 

 

 

 

 

 

 

Professional fees

 

 

—

 

 

 

—

 

 

 

54

 

Total Other operating expenses

 

 

—

 

 

 

—

 

 

 

54

 

Total Merger, restructuring and other operating expenses, net

 

$

47

 

 

$

4

 

 

$

39

 
Facility Closure and Severance Costs

The activity in the merger and restructuring accruals in 2024 and 2023 is presented in the table below. Certain merger and restructuring charges are excluded from the table because they are paid as incurred or non-cash, such as accelerated depreciation and gains and losses on asset dispositions.

 

(In millions)

 

Beginning
Balance

 

 

Charges
Incurred

 

 

Cash
Payments

 

 

Ending
Balance

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

Termination benefits:

 

 

 

 

 

 

 

 

 

 

 

 

Project Core

 

$

—

 

 

$

24

 

 

$

(17

)

 

$

7

 

Maximize B2B Restructuring Plan

 

 

2

 

 

 

(1

)

 

 

(1

)

 

 

—

 

Lease and contract obligations, accruals for facilities
   closures and other costs:

 

 

 

 

 

 

 

 

 

 

 

 

Project Core

 

 

—

 

 

 

15

 

 

 

(15

)

 

 

—

 

Maximize B2B Restructuring Plan

 

 

3

 

 

 

5

 

 

 

(6

)

 

 

2

 

Comprehensive Business Review

 

 

1

 

 

 

(1

)

 

 

—

 

 

 

—

 

Total

 

$

6

 

 

$

42

 

 

$

(39

)

 

$

9

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

Termination benefits:

 

 

 

 

 

 

 

 

 

 

 

 

Maximize B2B Restructuring Plan

 

$

5

 

 

$

—

 

 

$

(3

)

 

$

2

 

Lease and contract obligations, accruals for facilities
   closures and other costs:

 

 

 

 

 

 

 

 

 

 

 

 

Maximize B2B Restructuring Plan

 

 

4

 

 

 

5

 

 

 

(6

)

 

 

3

 

Comprehensive Business Review

 

 

1

 

 

 

—

 

 

 

—

 

 

 

1

 

Previously planned separation of consumer business and re-alignment

 

 

2

 

 

 

—

 

 

 

(2

)

 

 

—

 

Total

 

$

12

 

 

$

5

 

 

$

(11

)

 

$

6