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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Common stock
Net parent investment
Capital in excess of par value
Retained earnings
Accumulated other comprehensive income (loss)
Balance (in shares) at Jan. 01, 2022   0        
Balance at Jan. 01, 2022 $ 570 $ 0 $ 607 $ 0 $ (37)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) (25)   (25)      
Net transfer (to)/from Kellanova 143   143      
Comprehensive income (loss) (1)         (1)
Balance (in shares) at Dec. 31, 2022   0        
Balance at Dec. 31, 2022 687 $ 0 725 0 0 (38)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 110   95   15  
Dividend paid to Kellanova (663)   (663)      
Net transfer (to)/from Kellanova 170   163     7
Reclassification of net parent investment to Common stock and capital in excess of par value 0   (320) 320    
Reclassification of net parent investment to Common stock and capital in excess of par value (in shares)   86,000        
Dividends declared ($0.64 per share) (14)       (14)  
Comprehensive income (loss) 3         3
Stock compensation 6     6    
Share issuances 1     1    
Balance (in shares) at Dec. 30, 2023   86,000        
Balance at Dec. 30, 2023 300 $ 0 0 327 1 (28)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (loss) 72       72  
Spin-Off related adjustments (3)     (3)    
Dividends declared ($0.64 per share) (55)       (55)  
Comprehensive income (loss) (14)         (14)
Stock compensation 14     14    
Share issuances 3     5 (2)  
Balance (in shares) at Dec. 28, 2024   86,000        
Balance at Dec. 28, 2024 $ 317 $ 0 $ 0 $ 343 $ 16 $ (42)