v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Operating activities      
Net income (loss) $ 81 $ 112 $ (25)
Adjustments to reconcile net income (loss) to operating cash flows:      
Depreciation and amortization 78 66 68
(Gain) / loss on retirement of equipment 4 14 0
Pension and postretirement benefit plan expense (benefit) (21) (60) 112
Insurance recoveries 0 (4) 0
Deferred income taxes (18) (4) (15)
Stock compensation 16 8 3
Restructuring costs 52 0 0
Other 1 0 1
Pension plan contributions (24) 0 (1)
Changes in operating assets and liabilities, net of acquisitions:      
Trade receivables 55 (85) (74)
Inventories (23) 83 (102)
Accounts payable (60) 167 77
Obligations under Transition Services Agreement (44) 52 0
Income taxes payable 9 8 0
Accrued advertising and promotion (21) 79 23
Accrued salaries and wages 5 25 7
All other current assets and liabilities 4 (24) (21)
All other noncurrent assets and liabilities 13 (15) 0
Net cash provided by (used in) operating activities 107 422 53
Investing activities      
Additions to properties (129) (150) (71)
Property damage recoveries from insurance proceeds 0 4 0
Net cash provided by (used in) investing activities (129) (146) (71)
Financing activities      
Proceeds from borrowings under the Credit Agreement 0 664 0
Repayment of borrowings under the Credit Agreement (13) (164) 0
Payment of financing fees 0 (7) 0
Issuances of notes payable, with maturities greater than 90 days 77 0 0
Reductions of notes payable, with maturities greater than 90 days (29) 0 0
Net increase (reduction) of notes payable, with maturities less than or equal to 90 days (1) 4 0
Dividend to Kellanova 0 (663) 0
All other net transfers (to) from Kellanova   (8)  
All other net transfers (to) from Kellanova 0   18
Net issuances of common stock 5 0 0
Dividends paid (55) (14) 0
Net cash provided by (used in) financing activities (16) (188) 18
Effect of exchange rate changes on cash and cash equivalents (4) 1 0
Increase (decrease) in cash and cash equivalents (42) 89 0
Cash and cash equivalents at beginning of period 89 0 0
Cash and cash equivalents at end of period 47 89 0
Supplemental cash flow disclosures:      
Interest paid 35 10 0
Income taxes paid 26 2 0
Supplemental cash flow disclosures of non-cash investing and financing activities      
Additions to properties included in accounts payable 55 12 38
Operating lease liabilities arising from obtaining right of use assets 106 19 0
Contribution of certain assets and liabilities to WK Kellogg Co by Kellanova $ 0 $ 190 $ 0