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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 89 $ 0
Accounts receivable, net 244 229
Inventories 345 431
Other current assets 28 10
Total current assets 706 670
Property, net 739 645
Goodwill 53 53
Other intangibles 57 57
Postretirement plan assets 283 0
Other assets 51 11
Total assets 1,889 1,436
Current liabilities    
Current maturities of long-term debt 8 0
Notes payable 4 0
Accounts payable 541 484
Accrued advertising and promotion 121 103
Accrued salaries and wages 57 32
Other current liabilities 105 47
Total current liabilities 836 666
Long-term debt 487 0
Deferred income taxes 106 63
Pension liability 135 0
Other liabilities 25 20
Commitments and contingencies (Note 13)
Equity    
Common stock, $0.0001 par value, 1,000,000,000 shares authorized Issued: 85,812,883 shares in 2023 and 0 shares in 2022 0 0
Net parent investment 0 725
Capital in excess of par value 327 0
Retained earnings 1 0
Accumulated other comprehensive income (loss) (28) (38)
Total equity 300 687
Total liabilities and equity $ 1,889 $ 1,436