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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 1,400 $ 1,040
Trade receivables (net of allowances of $38 at December 30, 2023 and $46 at December 31, 2022) 2,112 2,120
Inventories 3,614 3,651
Prepaid expenses 234 240
Other current assets 566 842
Assets held for sale 3 4
Total current assets 7,929 7,897
Property, plant and equipment, net 7,122 6,740
Goodwill 30,459 30,833
Intangible assets, net 42,448 42,649
Other non-current assets 2,381 2,394
TOTAL ASSETS 90,339 90,513 Close
LIABILITIES AND EQUITY    
Commercial paper and other short-term debt 0 6
Current portion of long-term debt 638 831
Trade payables 4,627 4,848
Accrued marketing 733 749
Interest payable 258 264
Other current liabilities 1,781 2,330
Total current liabilities 8,037 9,028
Long-term debt 19,394 19,233
Deferred income taxes 10,201 10,152
Accrued postemployment costs 143 144
Long-term deferred income 1,424 1,477
Other non-current liabilities 1,418 1,609
TOTAL LIABILITIES 40,617 41,643 Close
Commitments and Contingencies (Note 15)
Redeemable noncontrolling interest 34 40 Close
Equity:    
Common stock, $0.01 par value (5,000 shares authorized; 1,249 shares issued and 1,218 shares outstanding at December 30, 2023; 1,243 shares issued and 1,225 shares outstanding at December 31, 2022) 12 12
Additional paid-in capital 52,037 51,834
Retained earnings/(deficit) 1,367 489
Accumulated other comprehensive income/(losses) (2,604) (2,810)
Treasury stock, at cost (31 shares at December 30, 2023 and 18 shares at December 31, 2022) (1,286) (847)
Total shareholders' equity 49,526 48,678
Noncontrolling interest 162 152
TOTAL EQUITY 49,688 48,830 Close
TOTAL LIABILITIES AND EQUITY $ 90,339 $ 90,513