v3.25.2
CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Mar. 29, 2025
Dec. 28, 2024
Current assets    
Cash and cash equivalents $ 27 $ 47
Accounts receivable, net 231 199
Inventories 389 367
Other current assets 23 27
Total current assets 670 640
Property, net 799 786
Operating lease right-of-use assets 120 113
Goodwill 53 53
Other intangibles 57 57
Postretirement plan assets 308 301
Other assets 27 33
Total assets 2,034 1,983
Current liabilities    
Notes payable 69 51
Current maturities of long-term debt 26 24
Accounts payable 527 520
Accrued advertising and promotion 89 98
Accrued salaries and wages 31 61
Other current liabilities 98 97
Total current liabilities 840 851
Long-term debt 502 460
Long-term operating lease obligations 99 95
Deferred income taxes 83 83
Pension liability 125 124
Other liabilities 44 42
Commitments and contingencies (Note 12)
Equity    
Common stock, $0.0001 par value, 1,000,000,000 shares authorized Issued: 86,148,263 shares as of March 29, 2025 and 86,101,154 shares as of December 28, 2024 0 0
Capital in excess of par value 353 343
Retained earnings 33 27
Accumulated other comprehensive loss (45) (42)
Total equity 341 328
Total liabilities and equity $ 2,034 $ 1,983