DEBT AND CREDIT ARRANGEMENTS (Tables)

6 Months Ended

Jun. 27, 2025

Long-term debt, net is summarized below:


(In millions)	June 27, 2025		January 3, 2025



















Fixed-rate debt(1)	$	10,876	$	11,476
Financing lease obligations and other debt	284		288
Long-term debt, including the current portion of long-term debt	11,160		11,764
Plus: unamortized bond premium	31		38
Less: unamortized discounts and issuance costs	(74)		(81)
Long-term debt, including the current portion of long-term debt, net	11,117		11,721
Less: current portion of long-term debt, net	(141)		(640)
Long-term debt, net	$	10,976	$	11,081

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(1)See Note 8: Debt and Credit Arrangements in our Fiscal 2024 Form 10-K for information on our fixed-rate debt.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details