v3.26.3
DEBT AND CREDIT ARRANGEMENTS (Tables)
 9 Months Ended
Oct. 02, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt, Net
Long-term debt is summarized below:
(In millions)October 2, 2026January 2, 2026
Fixed-rate debt(1)
$10,776 $10,876 
Finance lease obligations and other265 283 
Unamortized discounts and issuance costs, net of bond premium(45)(43)
Total long-term debt10,996 11,116 
Less: Current portion of long-term debt(2)
1,815 673 
Long-term debt, net$9,181 $10,443 
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(1)See Note 8: Debt and Credit Arrangements in our Fiscal 2025 Form 10-K for information on our fixed-rate debt.
(2)As of October 2, 2026, includes the $550 million 3.85% notes, due December 2026 (“3.85% 2026 Notes”) and $1,250 million 5.40% notes, due January 2027 (“5.40% 2027 Notes”). As of January 2, 2026, includes the $100 million 7.00% debentures, due January 2026 (“7.00% 2026 Debentures”) and $550 million 3.85% 2026 Notes.