v3.25.4
Property, Plant and Equipment, Net
12 Months Ended
Jan. 03, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net Property, Plant and Equipment, Net
Our Manufacturing group’s property, plant and equipment, net is composed of the following:
(Dollars in millions)Useful Lives
(in years)
January 3,
2026
December 28,
2024
Land, buildings and improvements2-40$2,514 $2,364 
Machinery and equipment2-205,860 5,636 
8,374 8,000 
Accumulated depreciation and amortization(5,784)(5,471)
Total$2,590 $2,529 
The Manufacturing group's depreciation expense totaled $365 million, $344 million and $353 million in 2025, 2024 and 2023, respectively. Property, plant and equipment, net includes non-cash activity of $51 million in 2025, reflecting property, plant and equipment acquired but not yet paid for. This non-cash activity has been excluded from the relevant line items on the Consolidated Statements of Cash Flows. Non-cash property, plant and equipment activity for 2024 and 2023 was not significant.