XML 49 R29.htm IDEA: XBRL DOCUMENT v3.24.0.1
Income Taxes (Tables)
 12 Months Ended
Dec. 30, 2023
Income Tax Disclosure [Abstract]  
Schedule Of Allocation Of Income Taxes [Table Text Block]
Following is a summary of the allocation of total income taxes for 2023, 2022 and 2021:
202320222021
(Amounts are in millions)
Earnings$1,093 668 1,148 
Other comprehensive earnings (losses)70 (206)(70)
$1,163 462 1,078 
Provision for Income Taxes [Table Text Block]
Following is a summary of the provision for income taxes for 2023, 2022 and 2021:
CurrentDeferredTotal
(Amounts are in millions)
2023
Federal$   848 111 959 
State126 8 134 
$   974 119 1,093 
2022
Federal$   810 (175)635 
State108 (75)33 
$   918 (250)668 
2021
Federal$   755 264 1,019 
State65 64 129 
$   820 328 1,148 
Reconciliation of Provision for Income Taxes at Federal Statutory Tax Rate to Earnings Before Income Taxes [Table Text Block]
Following is a reconciliation of the provision for income taxes at the federal statutory income tax rate of 21% to earnings before income taxes compared to the Company’s actual income tax expense for 2023, 2022 and 2021:
202320222021
(Amounts are in millions)
Federal tax at statutory income tax rate$1,143 753 1,168 
State income taxes (net of federal tax benefit)106 26 102 
ESOP dividend(62)(58)(51)
Renewable energy investment tax credits(58)(16)(36)
Other, net(36)(37)(35)
$1,093 668 1,148 
Tax Effects of Temporary Differences That Give Rise to Deferred Income Taxes [Table Text Bock]
Following is a summary of the tax effects of temporary differences that give rise to significant portions of deferred income taxes as of December 30, 2023 and December 31, 2022:
20232022
(Amounts are in millions)
Deferred tax liabilities and (assets):
Property, plant and equipment
$905 857 
Lease assets
847 812 
Investments
67 (75)
Inventories
60 52 
Lease liabilities
(901)(858)
Self-insurance reserves
(108)(96)
Retirement plan contributions
(48)(48)
Postretirement benefit cost
(25)(25)
Vendor rebates(15)(20)
Other
(18)(24)
$764 575