v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 28, 2026
Dec. 27, 2025
ASSETS    
Cash and cash equivalents $ 3,308 $ 2,615
Trade receivables (net of allowances of $38 at March 28, 2026 and $34 at December 27, 2025) 2,306 2,254
Inventories 3,310 3,167
Prepaid expenses 270 291
Marketable Securities, Current 783 1,060
Other current assets 704 588
Assets held for sale 0 152
Total current assets 10,681 10,127
Property, plant and equipment, net 7,233 7,318
Goodwill 22,153 22,179
Intangible assets, net 37,387 37,529
Other non-current assets 4,592 4,633
TOTAL ASSETS 82,046 81,786
LIABILITIES AND EQUITY    
Current portion of long-term debt 1,910 1,908
Accounts payable 4,390 4,308
Accrued marketing 936 801
Interest payable 294 298
Other current liabilities 1,408 1,455
Liabilities held for sale 0 8
Total current liabilities 8,938 8,778
Long-term debt 19,223 19,311
Deferred income taxes 9,050 9,022
Accrued postemployment costs 131 131
Long-term deferred income 1,308 1,321
Other non-current liabilities 1,347 1,434
TOTAL LIABILITIES 39,997 39,997
Commitments and Contingencies (Note 14)
Redeemable noncontrolling interest 13 12
Equity:    
Common stock, $0.01 par value (5,000 shares authorized; 1,260 shares issued and 1,186 shares outstanding at March 28, 2026; 1,257 shares issued and 1,184 shares outstanding at December 27, 2025) 12 12
Additional paid-in capital 50,838 51,287
Retained earnings/(deficit) (3,831) (4,629)
Accumulated other comprehensive income/(losses) (2,448) (2,370)
Treasury stock, at cost (74 shares at March 28, 2026 and 73 shares at December 27, 2025) (2,648) (2,636)
Total shareholders' equity 41,923 41,664
Noncontrolling interest 113 113
TOTAL EQUITY 42,036 41,777
TOTAL LIABILITIES AND EQUITY $ 82,046 $ 81,786