Annual report pursuant to Section 13 and 15(d)

Debt and Revolving Credit Facility (Tables)

v3.25.0.1
Debt and Revolving Credit Facility (Tables)
12 Months Ended
Dec. 28, 2024
Debt Disclosure [Abstract]  
Schedule of Debt and Other Obligations
The Company’s total debt as of December 28, 2024 and December 30, 2023 consisted of:
December 28,
2024
December 30,
2023
(In millions)
2.950% Senior Notes Due 2024 (2.950% Notes)
$ —  $ 750 
2.375% Senior Notes Due 2030 (2.375% Notes)
750  750 
3.924% Senior Notes Due 2032 (3.924% Notes)
500  500 
4.393% Senior Notes Due 2052 (4.393% Notes)
500  500 
Total debt (principal amount) 1,750  2,500 
Unamortized debt discount and issuance costs (29) (32)
Total debt (net) 1,721  2,468 
Less: current portion of long-term debt and related unamortized debt premium and issuance costs —  (751)
Total long-term debt $ 1,721  $ 1,717 
Schedule of Future Payments on Debt
As of December 28, 2024, the Company’s future debt payment obligations were as follows:
Term Debt
(Principal only)
Year
(In millions)
2025 - 2029
— 
2030 and thereafter
1,750 
Total $ 1,750