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Debt (Tables)
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Company's Debt Our debt consisted of the following:
Stated interest rateEffective interest rateMarch 31, 2023December 30, 2022
(in millions)
Short-term debt and current portion of long-term debt:
Senior unsecured term loans:
$380 million term loan, due May 2023
5.91%5.99%$320 $320 
Current portion of long-term debt19 672 
Total short-term debt and current portion of long-term debt$339 $992 
Long-term debt:
Senior unsecured term loans:
$1,925 million term loan, due January 2025
5.77%6.09%$ $1,211 
$1,000 million term loan, due March 2028
6.13%6.30%1,000 — 
Senior unsecured notes:
$500 million notes, due May 2023
2.95%3.17% 500 
$500 million notes, due May 2025
3.63%3.76%500 500 
$750 million notes due May 2030
4.38%4.50%750 750 
$750 million notes due March 2033
5.75%5.81%750 — 
$1,000 million notes, due February 2031
2.30%2.38%1,000 1,000 
$250 million notes, due July 2032
7.13%7.43%250 250 
$300 million notes, due July 2033
5.50%5.88%161 161 
$300 million notes, due December 2040
5.95%6.03%218 218 
Notes payable and finance leases due on various dates through fiscal 2032

Various
1.84%-6.31%
107 44 
Less: unamortized debt discounts and deferred debt issuance costs(42)(34)
Total long-term debt4,694 4,600 
Less current portion(19)(672)
Total long-term debt, net of current portion

$4,675 $3,928 
Schedule of Future Minimum Payments of Debt
Future minimum payments of debt are as follows:
Fiscal year ending
 (in millions)
2023 (remainder of year)$335 
202419 
2025619 
2026120 
2027114 
2028 and thereafter3,849 
Total principal payments5,056 
Less: unamortized debt discounts and deferred debt issuance costs(42)
Total short-term and long-term debt$5,014