v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 26, 2026
Dec. 27, 2025
ASSETS    
Cash and cash equivalents $ 1,888 $ 2,615
Trade receivables (net of allowances of $30 at September 26, 2026 and $34 at December 27, 2025) 2,211 2,254
Inventories 3,415 3,167
Prepaid expenses 276 291
Marketable Securities, Current 16 1,060
Other current assets 841 588
Assets held for sale 16 152
Total current assets 8,663 10,127
Property, plant and equipment, net 7,179 7,318
Goodwill 19,649 22,179
Intangible assets, net 32,328 37,529
Other non-current assets 4,409 4,633
TOTAL ASSETS 72,228 81,786
LIABILITIES AND EQUITY    
Current portion of long-term debt 918 1,908
Accounts payable 4,784 4,308
Accrued marketing 902 801
Interest payable 241 298
Other current liabilities 1,647 1,455
Liabilities held for sale 0 8
Total current liabilities 8,492 8,778
Long-term debt 17,085 19,311
Deferred income taxes 7,810 9,022
Accrued postemployment costs 128 131
Long-term deferred income 1,278 1,321
Other non-current liabilities 1,345 1,434
TOTAL LIABILITIES 36,138 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 1,184 shares outstanding at September 26, 2026; 1,257 shares issued and 1,184 shares outstanding at December 27, 2025) 12 12
Additional paid-in capital 49,937 51,287
Retained earnings/(deficit) (8,747) (4,629)
Accumulated other comprehensive income/(losses) (2,526) (2,370)
Treasury stock, at cost (76 shares at September 26, 2026 and 73 shares at December 27, 2025) (2,701) (2,636)
Total shareholders’ equity 35,975 41,664
Noncontrolling interest 102 113
TOTAL EQUITY 36,077 41,777
TOTAL LIABILITIES AND EQUITY $ 72,228 $ 81,786