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RETIREMENT BENEFITS (Tables)
 12 Months Ended
Dec. 29, 2023
Retirement Benefits [Abstract]  
Schedule of Fair Value of Deferred Compensation Plan Investments and Liabilities by Category and Fair Value Hierarchy Level The following table provides the fair value of our deferred compensation plan investments and liabilities by category and by fair value hierarchy level:
December 29, 2023December 30, 2022
(In millions)TotalLevel 1TotalLevel 1
Assets
Deferred compensation plan assets:(1)
Equity and fixed income securities$106 $106 $64 $64 
Investments measured at NAV:
Corporate-owned life insurance37 33 
Total fair value of deferred compensation plan assets$143 $97 
Liabilities
Deferred compensation plan liabilities:(2)
Equity securities and mutual funds$18 $18 $8 $8 
Investments measured at NAV:
Common/collective trusts and guaranteed investment contracts274 192 
Total fair value of deferred compensation plan liabilities$292 $200 
_______________
(1)Represents diversified assets held in “rabbi trusts” primarily associated with our non-qualified deferred compensation plans, which we include in the “Other current assets” and “Other non-current assets” line items in our Consolidated Balance Sheet, and which are measured at fair value.
(2)Primarily represents obligations to pay benefits under certain non-qualified deferred compensation plans, which we include in the “Compensation and benefits” and “Other long-term liabilities” line items in our Consolidated Balance Sheet. Under these plans, participants designate investment options (including stock and fixed-income funds), which serve as the basis for measurement of the notional value of their accounts.
Schedule of Funded Status of Defined Benefit Plans and Balance Sheet Information The following table provides a summary of the funded status of our defined benefit plans and the presentation of such balances within our Consolidated Balance Sheet:
 December 29, 2023December 30, 2022
(In millions)PensionOther
Benefits		TotalPensionOther
Benefits		Total
Fair value of plan assets$8,595 $265 $8,860 $7,411 $242 $7,653 
PBO(8,563)(231)(8,794)(7,494)(228)(7,722)
Funded status$32 $34 $66 $(83)$14 $(69)
Consolidated Balance Sheet line item amounts:
Assets of business held for sale$4 $— $4 $— $— $— 
Other non-current assets$193 $96 $289 $144 $66 $210 
Compensation and benefits(12)(7)(19)(11)(6)(17)
Other long-term liabilities(153)(55)(208)(216)(46)(262)
Schedule of Pre-tax Amounts Recognized in Other Comprehensive Income (Loss) The following table provides a summary of pre-tax amounts recorded within Accumulated other comprehensive loss:
 December 29, 2023December 30, 2022
(In millions)PensionOther
Benefits		TotalPensionOther
Benefits		Total
Actuarial loss (gain)$162 $(98)$64 $243 $(100)$143 
Net prior service (credit) cost(157)4 (153)(183)5 (178)
Total PBO not yet recognized as expense$5 $(94)$(89)$60 $(95)$(35)
Schedule of Roll-forward of Projected Benefit Obligation
The following table provides a roll-forward of the PBO for our defined benefit plans:
 December 29, 2023December 30, 2022
(In millions)PensionOther
Benefits		TotalPensionOther
Benefits		Total
Change in benefit obligation
Benefit obligation at beginning of fiscal year$7,494 $228 $7,722 $10,007 $348 $10,355 
Service cost33 2 35 44 2 46 
Interest cost386 11 397 220 7 227 
Actuarial loss (gain)280 (1)279 (2,097)(107)(2,204)
Benefits paid(1)
(568)(23)(591)(626)(22)(648)
Expenses paid(34)— (34)(26)— (26)
Currency translation adjustment10 — 10 (28)— (28)
Acquisitions(2)
960 14 974 — — — 
Divestiture— — — (8)— (8)
Other2 — 2 8 — 8 
Benefit obligation at end of fiscal year$8,563 $231 $8,794 $7,494 $228 $7,722 
_______________
(1)Fiscal 2022 includes approximately $64 million associated with the purchase of group annuity policies. The transaction is reflected in Benefits paid as settlement accounting had not been met.
(2)Benefit obligation assumed in the AJRD acquisition. Net defined benefit plan liability is included in our “Other long-term liabilities” and “Compensation and benefits” line items in “Acquisition of AJRD” section of Note 13: Acquisitions, Divestitures and Asset Sales.
Schedule of Roll-forward of Plan Assets
The following table provides a roll-forward of the assets and the ending funded status of our defined benefit plans:
 December 29, 2023December 30, 2022
(In millions)PensionOther
Benefits		TotalPensionOther
Benefits		Total
Change in plan assets
Plan assets at beginning of fiscal year$7,411 $242 $7,653 $9,604 $320 $9,924 
Actual return on plan assets1,004 37 1,041 (1,516)(51)(1,567)
Acquisitions(1)
749 — 749 — — — 
Employer contributions20 9 29 16 (5)11 
Benefits paid(2)
(568)(23)(591)(626)(22)(648)
Expenses paid(34)— (34)(26)— (26)
Currency translation adjustment12 — 12 (32)— (32)
Divestiture— — — (10)— (10)
Other1 — 1 1 — 1 
Plan assets at end of fiscal year$8,595 $265 $8,860 $7,411 $242 $7,653 
Funded status at end of fiscal year$32 $34 $66 $(83)$14 $(69)
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(1)Plan assets acquired in the AJRD acquisition. Net defined benefit plan liability is included in “Other long-term liabilities” and “Compensation and benefits” line items in “Acquisition of AJRD” section of Note 13: Acquisitions, Divestitures and Asset Sales.
(2)Fiscal 2022 includes approximately $64 million associated with the transfer of plan assets to an insurance company. The transaction is reflected in Benefits paid as settlement accounting had not been met.
Schedule of Accumulated Benefit Obligations The following tables provide information for benefit plans with accumulated benefit obligations in excess of plan assets and benefit plans with PBO in excess of plan assets:
December 29, 2023December 30, 2022
(In millions)PensionOther
Benefits		PensionOther
Benefits
Accumulated benefit obligation$225 N/A$6,698 N/A
Fair value of plan assets60 N/A6,472 N/A
December 29, 2023December 30, 2022
(In millions)PensionOther
Benefits		PensionOther
Benefits
PBO$226 $62 $6,699 $52 
Fair value of plan assets60 — 6,472 — 
Schedule of Components of Net Benefit Income
The following table provides the components of net periodic benefit income and other amounts recognized in other comprehensive income in fiscal 2023, 2022 and 2021 as they pertain to our defined benefit plans:
Pension
Fiscal Year Ended
(In millions)December 29, 2023December 30, 2022December 31, 2021
Net periodic benefit income
Operating
Service cost$33 $44 $66 
Non-operating
Interest cost386 220 188 
Expected return on plan assets(633)(624)(621)
Amortization of net actuarial (gain) loss(9)9 30 
Amortization of prior service credit(26)(27)(28)
Effect of curtailments or settlements— — 1 
Non-service cost periodic benefit income(282)(422)(430)
Net periodic benefit income$(249)$(378)$(364)
Other changes in plan assets and benefit obligations recognized in other comprehensive income
Net actuarial (gain) loss$(90)$42 $(972)
Prior service cost— 8 2 
Amortization of net actuarial gain (loss)9 (9)(30)
Amortization of prior service credit26 27 28 
Currency translation adjustment— 1 1 
Recognized prior service credit— — 4 
Recognized net actuarial loss— — (4)
Total change recognized in other comprehensive income(55)69 (971)
Total impact from net periodic benefit income and changes in other comprehensive income$(304)$(309)$(1,335)
Other Benefits
Fiscal Year Ended
(In millions)December 29, 2023December 30, 2022December 31, 2021
Net periodic benefit income
Operating
Service cost$2 $2 $2 
Non-operating
Interest cost11 7 5 
Expected return on plan assets(20)(20)(20)
Amortization of net actuarial gain(20)(7)— 
Amortization of prior service cost1 1 1 
Non-service cost periodic benefit income(28)(19)(14)
Net periodic benefit income$(26)$(17)$(12)
Other changes in plan assets and benefit obligations recognized in other comprehensive income
Net actuarial gain$(18)$(34)$(46)
Amortization of net actuarial gain20 7 — 
Amortization of prior service cost(1)(1)(1)
Total change recognized in other comprehensive income1 (28)(47)
Total impact from net periodic benefit income and changes in other comprehensive income$(25)$(45)$(59)
Schedule of Weighted-average Assumptions Used
The following tables provide the weighted-average assumptions used to determine PBO and net periodic benefit income, as they pertain to our defined benefit pension plans:
Obligation assumptions as of:December 29, 2023December 30, 2022
Discount rate4.91 %5.18 %
Rate of future compensation increase3.01 %3.01 %
Cash balance interest crediting rate4.50 %4.00 %
Cost assumptions for fiscal periods ended:December 29, 2023December 30, 2022December 31, 2021
Discount rate to determine service cost 5.18 %2.69 %2.26 %
Discount rate to determine interest cost5.08 %2.27 %1.80 %
Expected return on plan assets7.46 %7.44 %7.43 %
Rate of future compensation increase3.01 %3.01 %3.01 %
Cash balance interest crediting rate4.00 %3.50 %3.50 %
The following table provides the weighted-average assumptions used to determine projected benefit obligations and net periodic benefit income, as they pertain to our other postretirement defined benefit plans:
Obligation assumptions as of:December 29, 2023December 30, 2022
Discount rate4.87 %5.16 %
Rate of future compensation increaseN/AN/A
Cost assumptions for fiscal periods ended:December 29, 2023December 30, 2022December 31, 2021
Discount rate to determine service cost 5.26 %2.91 %2.49 %
Discount rate to determine interest cost5.06 %2.06 %1.42 %
Rate of future compensation increaseN/AN/AN/A
Schedule of Strategic Target Assets Allocation and Fair Value of Plan Assets
The following table provides the current strategic target asset allocation ranges by asset category:
 Target Asset
Allocation
Equity investments35 %—55%
Fixed income investments25 %—35%
Alternative investments12 %—30%
Cash and cash equivalents0 %—10%
The following tables provide the fair value of plan assets held by our defined benefit plans by asset category and by fair value hierarchy level:
 December 29, 2023
(In millions)TotalLevel 1Level 2Level 3
Asset category
Equities:
Domestic equities$1,294 $1,294 $— $— 
International equities1,138 1,138 — — 
Real estate investment trusts214 214 — — 
Fixed income:
Corporate bonds1,457 — 1,331 126 
Government securities485 — 485 — 
Securitized assets164 — 164 — 
Fixed income funds137 4 133 — 
Cash and cash equivalents545 18 527 — 
Other61 — — 61 
Total5,495 $2,668 $2,640 $187 
Investments measured at NAV:
Equity funds1,529 
Fixed income funds3 
Hedge funds396 
Private equity funds1,019 
Real estate funds379 
Other2 
Total investments measured at NAV3,328 
Receivables, net37 
Total fair value of plan assets$8,860 

December 30, 2022
(In millions)TotalLevel 1Level 2Level 3
Asset category
Equities:
Domestic equities$1,275 $1,275 $— $— 
International equities1,044 1,002 42 — 
Real estate investment trusts192 192 — — 
Fixed income:
Corporate bonds1,118 — 995 123 
Government securities320 — 320 — 
Securitized assets166 — 166 — 
Fixed income funds92 4 88 — 
Cash and cash equivalents148 22 126 — 
Total4,355 $2,495 $1,737 $123 
Investments measured at NAV:
Equity funds1,661 
Fixed income funds299 
Hedge funds294 
Private equity funds696 
Real estate funds372 
Other2 
Total investments measured at NAV3,324 
Payables, net(26)
Total fair value of plan assets$7,653 
Schedule of Expected Benefit Payments
The following table provides the projected timing of payments for benefits earned to date and benefits expected to be earned for future service by current active employees under our defined benefit plans:
(In millions)Pension
Other
    Benefits(1)
Total
Fiscal Years:
2024$672 $22 $694 
2025670 22 692 
2026665 21 686 
2027660 20 680 
2028649 19 668 
2029 — 20333,072 84 3,156 
_______________
(1)Projected payments for Other Benefits reflect net payments from the Company, which include subsidies that reduce the gross payments by less than 1%.