v3.25.2
REPORTABLE SEGMENTS - (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2025
USD ($)
Jun. 29, 2024
USD ($)
Jun. 28, 2025
USD ($)
Jun. 29, 2024
USD ($)
Segment Reporting Information [Line Items]        
Number of operating segments     4  
Net sales $ 3,203 $ 3,192 $ 6,286 $ 6,392
Cost of goods sold 2,113 2,031 4,137 4,200
Selling, general and administrative expense 652 668 1,281 1,306
Operating profit 438 493 868 886
DepreciationDepletionAndAmortizationRestatedForDiscontinuedOperations 91 95 183 241
Interest expense 63 83 126 166
Income taxes 83 97 156 179
Segment, Expenditure, Addition to Long-Lived Assets 148 142 324 297
Operating Segments        
Segment Reporting Information [Line Items]        
DepreciationDepletionAndAmortizationRestatedForDiscontinuedOperations 89 94 179 238
Operating Segments | North America        
Segment Reporting Information [Line Items]        
Net sales 1,594 1,658 3,213 3,346
Cost of goods sold 978 1,017 1,984 2,072
Selling, general and administrative expense 281 302 589 600
Operating profit 335 339 640 674
DepreciationDepletionAndAmortizationRestatedForDiscontinuedOperations 44 48 85 111 [1]
Interest expense 0 2 0 4
Segment, Expenditure, Addition to Long-Lived Assets 54 52 105 120
Operating Segments | Europe        
Segment Reporting Information [Line Items]        
Net sales 651 639 1,230 1,238
Cost of goods sold 436 406 816 866
Selling, general and administrative expense 122 122 231 233
Operating profit 93 111 183 139
DepreciationDepletionAndAmortizationRestatedForDiscontinuedOperations 24 25 46 85 [1]
Interest expense 7 18 16 35
Income taxes 9 13 20 17
Segment, Expenditure, Addition to Long-Lived Assets 46 28 97 69
Operating Segments | Latin America        
Segment Reporting Information [Line Items]        
Net sales 309 333 575 647
Cost of goods sold 205 217 390 434
Selling, general and administrative expense 68 70 130 140
Operating profit 36 46 55 73
DepreciationDepletionAndAmortizationRestatedForDiscontinuedOperations 7 9 20 17
Interest expense 1 2 2 3
Income taxes 4 18 9 25
Segment, Expenditure, Addition to Long-Lived Assets 16 26 49 50
Operating Segments | AMEA        
Segment Reporting Information [Line Items]        
Net sales 648 564 1,268 1,164
Cost of goods sold 477 397 929 824
Selling, general and administrative expense 109 107 203 205
Operating profit 62 60 136 135
DepreciationDepletionAndAmortizationRestatedForDiscontinuedOperations 14 12 28 25
Interest expense 5 4 10 10
Income taxes 16 11 29 25
Segment, Expenditure, Addition to Long-Lived Assets 28 32 64 51
Operating Segments | Corporate And North America        
Segment Reporting Information [Line Items]        
Income taxes 54 55 98 112
Corporate        
Segment Reporting Information [Line Items]        
Net sales 1 (2) 0 (3)
Cost of goods sold 17 (6) 18 4
Selling, general and administrative expense 72 67 128 128
Operating profit (88) (63) (146) (135)
DepreciationDepletionAndAmortizationRestatedForDiscontinuedOperations 2 1 4 3
Interest expense 50 57 98 114
Segment, Expenditure, Addition to Long-Lived Assets $ 4 $ 4 $ 9 $ 7
[1]
(a) Quarter ended March 30, 2024, includes asset impairment charges as discussed in Note 9.