v3.25.4
Accounts Receivable and Finance Receivables (Tables)
12 Months Ended
Jan. 03, 2026
Receivables [Abstract]  
Accounts Receivable
Accounts receivable is composed of the following:
(In millions)January 3,
2026
December 28,
2024
Commercial$690 $738 
U.S. Government contracts149 230 
839 968 
Allowance for credit losses(16)(19)
Total$823 $949 
Finance Receivables
Finance receivables are presented in the following table:
(In millions)January 3,
2026
December 28,
2024
Finance receivables$593 $622 
Allowance for credit losses(19)(19)
Total finance receivables, net$574 $603 
Financing Receivables Categorized Based on Credit Quality Indicators
Finance receivables categorized based on the credit quality indicators and by delinquency aging category are summarized as follows:
(Dollars in millions)January 3,
2026
December 28,
2024
Performing$578 $612 
Watchlist13 — 
Nonaccrual10 
Nonaccrual as a percentage of finance receivables0.34%1.61%
Current and less than 31 days past due$584 $609 
31-60 days past due13 
61-90 days past due— — 
Over 90 days past due— — 
60+ days contractual delinquency as a percentage of finance receivables—%—%
Finance Receivables By Delinquency Aging Category
Finance receivables categorized based on the credit quality indicators and by delinquency aging category are summarized as follows:
(Dollars in millions)January 3,
2026
December 28,
2024
Performing$578 $612 
Watchlist13 — 
Nonaccrual10 
Nonaccrual as a percentage of finance receivables0.34%1.61%
Current and less than 31 days past due$584 $609 
31-60 days past due13 
61-90 days past due— — 
Over 90 days past due— — 
60+ days contractual delinquency as a percentage of finance receivables—%—%