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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 28, 2024
Dec. 30, 2023
Current assets    
Cash and cash equivalents $ 40 $ 89
Accounts receivable, net 199 244
Inventories 353 345
Other current assets 27 28
Total current assets 619 706
Property, net 786 739
Operating lease right-of-use assets 113 18
Goodwill 53 53
Other intangibles 57 57
Postretirement plan assets 301 283
Other assets 33 33
Total assets 1,962 1,889
Current liabilities    
Current maturities of long-term debt 24 8
Notes payable 51 4
Accounts payable 513 541
Accrued advertising and promotion 98 121
Accrued salaries and wages 61 57
Other current liabilities 94 105
Total current liabilities 841 836
Long-term debt 460 487
Operating lease liabilities 95 12
Deferred income taxes 83 106
Pension liability 124 135
Other liabilities 42 13
Commitments and contingencies (Note 14)
Equity    
Common stock, $0.0001 par value, 1,000,000,000 shares authorized Issued: 86,101,154 shares in 2024 and 85,812,883 shares in 2023 0 0
Capital in excess of par value 343 327
Retained earnings 16 1
Accumulated other comprehensive income (loss) (42) (28)
Total equity 317 300
Total liabilities and equity $ 1,962 $ 1,889