Debt (Tables)

6 Months Ended

Jul. 03, 2026

Debt Disclosure [Abstract]

Schedule of Company's Debt

Our debt consisted of the following:


(in millions)			Stated interest rate						Effective interest rate						July 3, 2026						January 2, 2026
Senior unsecured term loan:
$1,000 million term loan, due March 2028			4.97		%				5.11		%				$	500					$	500
Senior unsecured notes:
$600 million notes, due March 2029			4.10		%				4.20		%				600						—
$750 million notes, due May 2030			4.38		%				4.50		%				750						750
$1,000 million notes, due February 2031			2.30		%				2.38		%				1,000						1,000
$500 million notes, due March 2032			5.40		%				5.42		%				500						500
$250 million notes, due July 2032			7.13		%				7.43		%				250						250
$750 million notes, due March 2033			5.75		%				5.81		%				750						750
$300 million notes, due July 2033			5.50		%				5.88		%				161						161
$500 million notes, due March 2035			5.50		%				5.55		%				500						500
$800 million notes, due March 2036			5.00		%				5.03		%				800						—
$300 million notes, due December 2040			5.95		%				6.03		%				218						218
Finance leases due on various dates through fiscal 2032			Various						2.28%-6.31%						45						54
Less: unamortized debt discounts and deferred debt issuance costs															(43)						(35)
Total long-term debt															6,031						4,648
Less: current portion															(22)						(20)
Total long-term debt, net of current portion															$	6,009					$	4,628

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details