US Foods Holding (USFD) 10-Q7 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 28, 2024	Nov. 01, 2024
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 28, 2024
Document Transition Report	false
Entity File Number	001-37786
Entity Registrant Name	US FOODS HOLDING CORP.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-0347906
Entity Address, Address Line One	9399 W. Higgins Road
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Rosemont
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60018
City Area Code	847
Local Phone Number	720-8000
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	USFD
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Outstanding (in shares)		232,938,689
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001665918
Current Fiscal Year End Date	--12-28

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Current assets:
Cash and cash equivalents	$ 81	$ 269
Accounts receivable, less allowances of $20 and $18	2,065	1,854
Vendor receivables, less allowances of $8 and $5	217	156
Inventories—net	1,618	1,600
Prepaid expenses	123	138
Other current assets	12	14
Total current assets	4,116	4,031
Property and equipment—net	2,358	2,280
Goodwill	5,779	5,697
Other intangibles—net	852	803
Other assets	370	376
Total assets	13,475	13,187
Current liabilities:
Cash overdraft liability	179	220
Accounts payable	2,395	2,051
Accrued expenses and other current liabilities	777	731
Current portion of long-term debt	118	110
Total current liabilities	3,469	3,112
Long-term debt	4,671	4,564
Deferred tax liabilities	261	293
Other long-term liabilities	468	469
Total liabilities	8,869	8,438
Commitments and contingencies (Note 17)
Shareholders’ equity:
Common stock, $0.01 par value—600 shares authorized; 254.6 issued and 235.4 outstanding as of September 28, 2024, and 252.9 issued and 245.1 outstanding as of December 30, 2023	3	3
Additional paid-in capital	3,722	3,663
Retained earnings	1,937	1,509
Accumulated other comprehensive loss	(111)	(115)
Treasury Stock, 19.2 and 7.8 shares, respectively	(945)	(311)
Total shareholders’ equity	4,606	4,749
Total liabilities and shareholders' equity	$ 13,475	$ 13,187

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Statement of Financial Position [Abstract]
Allowances for accounts receivable	$ 20	$ 18
Allowances for vendor receivables	$ 8	$ 5
Common stock, par value (dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	600,000,000	600,000,000
Common stock, issued (in shares)	254,600,000	252,900,000
Common stock, outstanding (in shares)	235,400,000	245,100,000
Treasury Stock, Common, Shares	19,200,000	7,800,000

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net sales	$ 9,728	$ 9,106	$ 28,386	$ 26,661
Cost of goods sold	8,061	7,564	23,518	22,103
Gross profit	1,667	1,542	4,868	4,558
Operating expenses:
Distribution, selling and administrative costs	1,379	1,312	4,050	3,819
Restructuring activity and asset impairment charges	9	0	21	0
Total operating expenses	1,388	1,312	4,071	3,819
Operating income	279	230	797	739
Other expense (income)—net	3	(1)	5	(4)
Interest expense—net	75	81	235	244
Loss on extinguishment of debt	0	21	0	21
Income before income taxes	201	129	557	478
Income tax provision	53	34	129	119
Net income	148	95	428	359
Other comprehensive income—net of tax:
Changes in retirement benefit obligations	1	1	4	1
Derivative, Gain on Derivative	0	0	0	1
Comprehensive income	149	96	432	361
Net income	148	95	428	359
Series A convertible preferred stock dividends	0	0	0	(7)
Net income available to common shareholders	$ 148	$ 95	$ 428	$ 352
Net income per share
EPS basic (in dollars per share)	$ 0.61	$ 0.38	$ 1.75	$ 1.49
EPS diluted (in dollars per share)	$ 0.61	$ 0.38	$ 1.74	$ 1.43
Weighted-average common shares outstanding
Basic weighted average shares outstanding (in shares)	241	247	244	237
Diluted weighted average shares outstanding (in shares)	244	249	247	251

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Loss
Common stock outstanding, beginning balance (in shares) at Dec. 31, 2022		225,200,000
Balance at beginning of period at Dec. 31, 2022	$ 3,961	$ 2	$ 3,036	$ 1,010	$ (14)	$ (73)
Treasury stock, common, beginning balance (in shares) at Dec. 31, 2022					400,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense	14		14
Proceeds from employee stock purchase plan (in shares)		200,000
Proceeds from employee share purchase plan	5		5
Vested restricted stock units, net (in shares)		600,000
Exercise of stock options (in shares)		300,000
Exercise of stock options	7		7
Tax withholding payments for net share-settled equity awards	(11)		(11)
Series A convertible preferred stock conversion to common stock (in shares)		7,600,000
Series A convertible preferred stock conversion to common stock	161		161
Series A convertible preferred stock dividends	(7)			(7)
Changes in retirement benefit obligations, net of income tax	1					1
Common stock repurchased (in shares)					900,000
Common stock repurchased	(34)				$ (34)
Net income	82			82
Common stock outstanding, ending balance (in shares) at Apr. 01, 2023		233,900,000
Balance at end of period at Apr. 01, 2023	4,179	$ 2	3,212	1,085	$ (48)	(72)
Treasury stock, common, ending balance (in shares) at Apr. 01, 2023					1,300,000
Common stock outstanding, beginning balance (in shares) at Dec. 31, 2022		225,200,000
Balance at beginning of period at Dec. 31, 2022	3,961	$ 2	3,036	1,010	$ (14)	(73)
Treasury stock, common, beginning balance (in shares) at Dec. 31, 2022					400,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Changes in retirement benefit obligations, net of income tax	1
Net income	359
Common stock outstanding, ending balance (in shares) at Sep. 30, 2023		252,500,000
Balance at end of period at Sep. 30, 2023	4,692	$ 3	3,642	1,362	$ (245)	(70)
Treasury stock, common, ending balance (in shares) at Sep. 30, 2023					6,200,000
Common stock outstanding, beginning balance (in shares) at Apr. 01, 2023		233,900,000
Balance at beginning of period at Apr. 01, 2023	4,179	$ 2	3,212	1,085	$ (48)	(72)
Treasury stock, common, beginning balance (in shares) at Apr. 01, 2023					1,300,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense	14		14
Proceeds from employee stock purchase plan (in shares)		200,000
Proceeds from employee share purchase plan	8		8
Vested restricted stock units, net (in shares)		100,000
Exercise of stock options (in shares)		700,000
Exercise of stock options	15		15
Series A convertible preferred stock conversion to common stock (in shares)		17,400,000
Series A convertible preferred stock conversion to common stock	373	$ 1	372
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax	1					1
Common stock repurchased (in shares)					4,200,000
Common stock repurchased	(166)				$ (166)
Share Repurchase Program, Excise Tax	(2)				(2)
Net income	182			182
Common stock outstanding, ending balance (in shares) at Jul. 01, 2023		252,300,000
Balance at end of period at Jul. 01, 2023	4,604	$ 3	3,621	1,267	$ (216)	(71)
Treasury stock, common, ending balance (in shares) at Jul. 01, 2023					5,500,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense	15		15
Proceeds from employee stock purchase plan (in shares)		200,000
Proceeds from employee share purchase plan	6		6
Changes in retirement benefit obligations, net of income tax	1					1
Common stock repurchased (in shares)					700,000
Common stock repurchased	(29)				$ (29)
Net income	95			95
Common stock outstanding, ending balance (in shares) at Sep. 30, 2023		252,500,000
Balance at end of period at Sep. 30, 2023	$ 4,692	$ 3	3,642	1,362	$ (245)	(70)
Treasury stock, common, ending balance (in shares) at Sep. 30, 2023					6,200,000
Common stock outstanding, beginning balance (in shares) at Dec. 30, 2023	245,100,000	252,900,000
Balance at beginning of period at Dec. 30, 2023	$ 4,749	$ 3	3,663	1,509	$ (311)	(115)
Treasury stock, common, beginning balance (in shares) at Dec. 30, 2023	7,800,000				7,800,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense	$ 15		15
Proceeds from employee stock purchase plan (in shares)		100,000
Proceeds from employee share purchase plan	5		5
Vested restricted stock units, net (in shares)		700,000
Exercise of stock options (in shares)		200,000
Exercise of stock options	5		5
Tax withholding payments for net share-settled equity awards	(20)		(20)
Changes in retirement benefit obligations, net of income tax	2					2
Common stock repurchased (in shares)					300,000
Common stock repurchased	(13)				$ (13)
Net income	82			82
Common stock outstanding, ending balance (in shares) at Mar. 30, 2024		253,900,000
Balance at end of period at Mar. 30, 2024	$ 4,825	$ 3	3,668	1,591	$ (324)	(113)
Treasury stock, common, ending balance (in shares) at Mar. 30, 2024					8,100,000
Common stock outstanding, beginning balance (in shares) at Dec. 30, 2023	245,100,000	252,900,000
Balance at beginning of period at Dec. 30, 2023	$ 4,749	$ 3	3,663	1,509	$ (311)	(115)
Treasury stock, common, beginning balance (in shares) at Dec. 30, 2023	7,800,000				7,800,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Changes in retirement benefit obligations, net of income tax	$ 4
Common stock repurchased	(634)
Share Repurchase Program, Excise Tax	(7)
Net income	$ 428
Common stock outstanding, ending balance (in shares) at Sep. 28, 2024	235,400,000	254,600,000
Balance at end of period at Sep. 28, 2024	$ 4,606	$ 3	3,722	1,937	$ (945)	(111)
Treasury stock, common, ending balance (in shares) at Sep. 28, 2024	19,200,000				19,200,000
Common stock outstanding, beginning balance (in shares) at Mar. 30, 2024		253,900,000
Balance at beginning of period at Mar. 30, 2024	$ 4,825	$ 3	3,668	1,591	$ (324)	(113)
Treasury stock, common, beginning balance (in shares) at Mar. 30, 2024					8,100,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense	15		15
Proceeds from employee stock purchase plan (in shares)		200,000
Proceeds from employee share purchase plan	9		9
Vested restricted stock units, net (in shares)		100,000
Exercise of stock options (in shares)		100,000
Exercise of stock options	4		4
Changes in retirement benefit obligations, net of income tax	1					1
Common stock repurchased (in shares)					700,000
Common stock repurchased	(41)				$ (41)
Net income	198			198
Common stock outstanding, ending balance (in shares) at Jun. 29, 2024		254,300,000
Balance at end of period at Jun. 29, 2024	5,011	$ 3	3,696	1,789	$ (365)	(112)
Treasury stock, common, ending balance (in shares) at Jun. 29, 2024					8,800,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation expense	16		16
Proceeds from employee stock purchase plan (in shares)		100,000
Proceeds from employee share purchase plan	5		5
Exercise of stock options (in shares)		200,000
Exercise of stock options	5		5
Changes in retirement benefit obligations, net of income tax	1					1
Common stock repurchased (in shares)					10,400,000
Common stock repurchased	(580)				$ (580)
Share Repurchase Program, Excise Tax	(6)
Net income	$ 148			148
Common stock outstanding, ending balance (in shares) at Sep. 28, 2024	235,400,000	254,600,000
Balance at end of period at Sep. 28, 2024	$ 4,606	$ 3	$ 3,722	$ 1,937	$ (945)	$ (111)
Treasury stock, common, ending balance (in shares) at Sep. 28, 2024	19,200,000				19,200,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 428	$ 359
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	327	290
Gain on disposal of property and equipment—net	(1)	(5)
Loss on extinguishment of debt	0	21
Amortization of deferred financing costs	8	14
Deferred tax (benefit) provision	(33)	5
Share-based compensation expense	46	43
Provision for doubtful accounts	21	20
Changes in operating assets and liabilities:
Increase in receivables	(282)	(291)
(Increase) decrease in inventories	(6)	45
Decrease in prepaid expenses and other assets	52	(14)
Increase in accounts payable and cash overdraft liability	316	434
Increase in accrued expenses and other liabilities	15	14
Net cash provided by operating activities	891	935
Cash flows from investing activities:
Proceeds from sales of property and equipment	3	8
Purchases of property and equipment	(236)	(167)
Acquisition of businesses—net of cash received	(214)	(142)
Net cash used in investing activities	(447)	(301)
Cash flows from financing activities:
Principal payments on debt and financing leases	(2,470)	(535)
Repurchase of Senior Note Debt	0	(1,000)
Issuance of new Senior Note Debt	0	1,000
Principal payments on debt repricing	(14)	(43)
Proceeds from debt repricing	14	43
Proceeds from debt borrowings	2,454	255
Dividends paid on Series A convertible preferred stock	0	(7)
Repurchase of common stock	(628)	(229)
Debt financing costs and fees	(1)	(10)
Proceeds from employee stock purchase plan	19	19
Proceeds from exercise of stock options	14	23
Payments to Purchase Interest Rate Caps	0	(3)
Tax withholding payments for net share-settled equity awards	(20)	(12)
Net cash used in financing activities	(632)	(499)
Net (decrease) increase in cash, cash equivalents and restricted cash	(188)	135
Cash, cash equivalents and restricted cash—beginning of period	269	211
Cash, cash equivalents and restricted cash—end of period	81	346
Supplemental disclosures of cash flow information:
Conversion of Series A Convertible Preferred Stock	0	534
Interest paid—net of amounts capitalized	233	239
Income taxes paid—net	139	126
Property and equipment purchases included in accounts payable	23	25
Leased assets obtained in exchange for financing lease liabilities	126	108
Leased assets obtained in exchange for operating lease liabilities	32	27
Cashless exercise of stock options	$ 5	$ 1

Overview and Basis of Presentat

Overview and Basis of Presentation	9 Months Ended
Overview and Basis of Presentation	Sep. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Overview and Basis of Presentation	OVERVIEW AND BASIS OF PRESENTATION US Foods Holding Corp., a Delaware corporation, and its consolidated subsidiaries are referred to in these consolidated financial statements and notes as “we,” “our,” “us,” the “Company,” or “US Foods.” US Foods Holding Corp. conducts all of its operations through its wholly owned subsidiary US Foods, Inc. (“USF”) and its subsidiaries. All of the Company’s indebtedness, as further described in Note 10, Debt, is a direct obligation of USF and its subsidiaries. Business Description —The Company, through USF, operates in one business segment in which it markets, sells and distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States (“U.S.”). These customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities and retail locations. Basis of Presentation —The Company operates on a 52- or 53-week fiscal year, with all periods ending on a Saturday. When a 53-week fiscal year occurs, the Company reports the additional week in the fiscal fourth quarter. Fiscal years 2024 and 2023 are both 52-week fiscal years. The consolidated financial statements included in this Quarterly Report have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) for interim financial information and the applicable rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in financial statements and notes prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The Company believes that the disclosures included in this Quarterly Report are adequate to make the information presented not misleading. These interim consolidated financial statements and notes should be read in conjunction with the audited consolidated financial statements and notes included in the Annual Report on Form 10-K for the fiscal year ended December 30, 2023 (the “2023 Annual Report”). The consolidated interim financial statements reflect all adjustments (consisting of normal recurring items) necessary for the fair presentation of the financial position, results of operations and cash flows for the interim periods presented. The results of operations for interim periods are not necessarily indicative of the results that might be achieved for any other interim period or the full fiscal year.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Sep. 28, 2024
Revenue from Contract with Customer [Abstract]
Recent Accounting Pronouncements	Recently Issued Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07 Segment Reporting (“Topic 280”) “Improvements to Reportable Segment Disclosures Topic 280,” which enhances the transparency of segment disclosures primarily related to conclusions on consolidated net income as a measure of segment profit or loss that is most consistent with U.S. GAAP. This guidance also applies to single reportable segment entities. This guidance is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. This guidance is effective on a retrospective basis unless it is impracticable to do so and early adoption is permitted. The Company plans to adopt the provisions of ASU No. 2023-07 at the beginning of the fourth quarter of fiscal year 2024 and does not expect the provisions of the new standard to materially affect our financial position, results of operation or cash flows. In December 2023, the FASB issued ASU No 2023-09 Income Taxes (“Topic 740”) “Improvements to Income Tax Disclosures Topic 740”, which enhances the transparency of income tax disclosures primarily related to rate reconciliation and income taxes paid information. This guidance is effective for fiscal years beginning after December 15, 2024. This guidance is effective on a prospective basis, though retrospective application is permitted. The Company plans to adopt the provisions of ASU No. 2023-09 at the beginning of the first quarter of fiscal year 2025 and does not expect the provisions of the new standard to materially affect our financial position, results of operation or cash flows. In March 2024, the SEC adopted amendments to its rules under the Securities Act and Exchanges Act The Enhancement and Standardization of Climate-Related Disclosures for Investors (“SEC Climate Rule”), which enhances the transparency of climate-related disclosures primarily related to climate-related risks that have materially impacted, or are reasonably likely to have a material impact on, business strategy, results of operations, or financial condition. The SEC has been the subject of various lawsuits since adopting these amendments, and has voluntarily stayed these standards pending further developments on the legal front. Under the currently issued SEC Climate Rule, these amendments would be effective for large accelerated filers for fiscal year 2025. The Company is continuing to monitor developments associated with these standards and has begun to assess the impacts they may have on the Company’s financial position, results of operation and cash flows.

Revenue Recognition

Revenue Recognition	9 Months Ended
Revenue Recognition	Sep. 28, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	REVENUE RECOGNITION The Company recognizes revenue when the performance obligation is satisfied, which occurs when a customer obtains control of the promised goods or services. The amount of revenue recognized reflects the consideration which the Company expects to be entitled to receive in exchange for these goods or services. The Company generates substantially all of its revenue from the distribution and sale of food and food-related products and recognizes revenue when title and risk of loss passes to the customer and the customer accepts the goods, which occurs at delivery. Customer sales incentives, such as volume-based rebates or discounts, are treated as a reduction of revenue at the time the revenue is recognized. Sales taxes invoiced to customers and remitted to governmental authorities are excluded from net sales. Shipping and handling costs are treated as fulfillment costs and included in distribution, selling and administrative costs. The Company did not have any material outstanding performance obligations, contract liabilities or capitalized contract acquisition costs as of September 28, 2024 or December 30, 2023. Customer receivables, which are included in accounts receivable, less allowances in the Company’s Consolidated Balance Sheets, were $2.1 billion and $1.9 billion as of September 28, 2024 and December 30, 2023, respectively. The Company has certain customer contracts under which incentives are paid upfront to its customers. These payments have become industry practice and are not related to financing any customer’s business, nor are these payments associated with any distinct good or service to be received from any customer. These incentive payments are capitalized in prepaid expenses and other assets and amortized as a reduction of revenue over the life of the contract or as goods or services are transferred to the customer. The Company’s contract assets for these upfront payments were $42 million and $35 million included in prepaid expenses in the Company’s Consolidated Balance Sheets as of September 28, 2024 and December 30, 2023, respectively, and $48 million and $39 million included in other assets in the Company’s Consolidated Balance Sheets as of September 28, 2024 and December 30, 2023, respectively. The following table presents the disaggregation of revenue for each of the Company’s principal product categories: 13 Weeks Ended 39 Weeks Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Meats and seafood $ 3,356 $ 3,074 $ 9,661 $ 8,924 Dry grocery products 1,675 1,634 4,976 4,796 Refrigerated and frozen grocery products 1,615 1,543 4,807 4,505 Dairy 1,061 927 2,997 2,802 Equipment, disposables and supplies 910 903 2,696 2,704 Beverage products 560 516 1,627 1,479 Produce 551 509 1,622 1,451 Total net sales $ 9,728 $ 9,106 $ 28,386 $ 26,661

Business Acquisitions

Business Acquisitions	9 Months Ended
Business Acquisitions	Sep. 28, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business Acquisitions	During the fiscal quarter ended June 29, 2024, the Company acquired IWC Food Service, a broadline distributor in Tennessee, for a purchase price of $220 million (less the amount of cash received, which was $6 million) for a net purchase price of $214 million, subject to adjustments. The acquisition, which was a stock acquisition, was funded with cash from operations and allows US Foods to further expand its reach into Tennessee and distribution channels to the southeast United States.

Inventories

Inventories	9 Months Ended
Inventories	Sep. 28, 2024
Inventory Disclosure [Abstract]
Inventories	INVENTORIES The Company’s inventories, consisting mainly of food and other food-related products, are primarily considered finished goods. Inventory costs include the purchase price of the product, freight costs to deliver it to the Company’s distribution and retail facilities, and depreciation and labor related to processing facilities and equipment and are net of certain cash or non-cash consideration received from vendors. The Company assesses the need for valuation allowances for slow-moving, excess and obsolete inventories by estimating the net recoverable value of such goods based upon inventory category, inventory age, specifically identified items, and overall economic conditions. The Company records inventories at the lower of cost or market primarily using the last-in, first-out (“LIFO”) method. For our LIFO based inventories, the base year values of beginning and ending inventories are determined using the inventory price index computation method. This “links” current costs to original costs in the base year when the Company adopted LIFO. LIFO reserves in the Company’s Consolidated Balance Sheets were $555 million and $488 million as of September 28, 2024 and December 30, 2023, respectively. As a result of changes in LIFO reserves, cost of goods increased $23 million and $37 million for the 13 weeks ended September 28, 2024 and September 30, 2023, respectively and increased $68 million and $42 million for the 39 weeks ended September 28, 2024 and September 30, 2023 , respectively.

Allowance For Doubtful Accounts

Allowance For Doubtful Accounts	9 Months Ended
Allowance For Doubtful Accounts	Sep. 28, 2024
Receivables [Abstract]
Allowance For Doubtful Accounts	ALLOWANCE FOR DOUBTFUL ACCOUNTS The Company performs on-going credit evaluations of its customers and adjusts credit limits based upon payment history and the customer’s current credit worthiness, as determined by the review of their current credit information. Collections and payments from customers are continuously monitored. The Company evaluates the collectability of its accounts receivable and determines the appropriate allowance for doubtful accounts based on a combination of factors. The Company maintains an allowance for doubtful accounts, which is based upon historical experience, future expected losses, as well as specific customer collection issues that have been identified. The Company uses specific criteria to determine uncollectible receivables to be written off, including bankruptcy, accounts referred to outside parties for collection, and accounts past due over specified periods. A summary of the activity in the allowance for doubtful accounts for the 39 weeks ended September 28, 2024 and September 30, 2023 was as follows: September 28, 2024 September 30, 2023 Balance as of beginning of year $ 18 $ 30 Charged to costs and expenses, net 21 20 Customer accounts written off—net of recoveries (19) (31) Balance as of end of period $ 20 $ 19 This table excludes the vendor receivable related allowance for doubtful accounts of $8 million as of September 28, 2024, $5 million as of December 30, 2023, $7 million as of September 30, 2023 and $8 million as of December 31, 2022.

Property and Equipment

Property and Equipment	9 Months Ended
Property and Equipment	Sep. 28, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment	PROPERTY AND EQUIPMENT Property and equipment are stated at cost. Depreciation of property and equipment is calculated using the straight-line method over the estimated useful lives of the assets, which range from 3 to 40 years. Property and equipment under financing leases and leasehold improvements are amortized on a straight-line basis over the shorter of the remaining terms of the related leases or the estimated useful lives of the assets, if reasonably assured the Company will purchase the assets at the end of the lease terms. As of September 28, 2024 and December 30, 2023, property and equipment-net included accumulated depreciation of $3,344 million and $3,219 million, respectively. Depreciation expense was $99 million and $85 million for the 13 weeks ended September 28, 2024 and September 30, 2023, respectively, and $288 million and $256 million for the 39 weeks ended September 28, 2024 and September 30, 2023, respectively.

Goodwill and Other Intangibles

Goodwill and Other Intangibles	9 Months Ended
Goodwill and Other Intangibles	Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles	GOODWILL AND OTHER INTANGIBLES Goodwill includes the cost of acquired businesses in excess of the fair value of the tangible and other intangible net assets acquired. Other intangible assets include customer relationships, noncompete agreements, amortizable trade names, the brand names comprising the Company’s portfolio of exclusive brands, and trademarks. Brand names and trademarks are indefinite-lived intangible assets and, accordingly, are not subject to amortization, but are subject to impairment assessments as described below. Customer relationships, noncompete agreements and amortizable trade names are intangible assets with definite lives, and are carried at the acquired fair value less accumulated amortization. Customer relationships, noncompete agreements and amortizable trade names are amortized over their estimated useful lives (which range from approximately 3 to 15 years). Amortization expense was $15 million and $12 million for the 13 weeks ended September 28, 2024 and September 30, 2023, respectively, and $39 million and $34 million for the 39 weeks ended September 28, 2024 and September 30, 2023, respectively. Goodwill and other intangibles—net consisted of the following: September 28, 2024 December 30, Goodwill $ 5,779 $ 5,697 Other intangibles—net Customer relationships—amortizable: Gross carrying amount $ 799 $ 715 Accumulated amortization (227) (189) Net carrying value 572 526 Trade names—amortizable: Gross carrying amount 4 4 Accumulated amortization (2) (2) Net carrying value 2 2 Noncompete agreements—amortizable: Gross carrying amount 8 4 Accumulated amortization (1) — Net carrying value 7 4 Brand names and trademarks—not amortizing 271 271 Total other intangibles—net $ 852 $ 803 The increase in goodwill is attributable to prior period acquisition purchase price adjustments and the IWC Food Service acquisition in the second quarter. The increase in the gross carrying amount of customer relationships is attributable to both prior period acquisition purchase price adjustments and the IWC Food Service acquisition. The increase in the gross carrying amount of noncompete agreements is attributable to the IWC Food Service acquisition.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Sep. 28, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Certain assets and liabilities are carried at fair value under GAAP, under which fair value is a market-based measurement, not an entity-specific measurement. The Company’s fair value measurements are based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, fair value accounting standards establish a fair value hierarchy which prioritizes the inputs used in measuring fair value as follows: • Level 1—observable inputs, such as quoted prices in active markets • Level 2—observable inputs other than those included in Level 1, such as quoted prices for similar assets and liabilities in active or inactive markets that are observable either directly or indirectly, or other inputs that are observable or can be corroborated by observable market data • Level 3—unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions Any transfers of assets or liabilities between Level 1, Level 2, and Level 3 of the fair value hierarchy will be recognized as of the end of the reporting period in which the transfer occurs. There were no transfers between fair value levels in any of the periods presented below. The Company’s assets and liabilities measured at fair value on a recurring basis as of September 28, 2024 and December 30, 2023, aggregated by the level in the fair value hierarchy within which those measurements fall, were as follows: September 28, 2024 Level 1 Level 2 Level 3 Total Assets Money market funds $ 15 $ — $ — $ 15 Interest rate caps — — — — December 30, 2023 Level 1 Level 2 Level 3 Total Assets Money market funds $ 208 $ — $ — $ 208 Interest rate caps — 1 — 1 There were no significant assets or liabilities on the Company’s Consolidated Balance Sheets measured at fair value on a nonrecurring basis for the periods presented above, except as further disclosed in Note 8, Goodwill and Other Intangibles. Recurring Fair Value Measurements Money Market Funds Money market funds include highly liquid investments with an original maturity of three or fewer months. These funds are valued using quoted market prices in active markets and are classified under Level 1 within the fair value hierarchy. Derivative Financial Instruments The Company has in the past, and may in the future, use interest rate hedges, designated as cash flow hedges, to manage its exposure to interest rate movements in connection with its variable-rate de bt. In April 2023, the Company entered into two, two-year rate cap agreements, which will mature on April 30, 2025, with a total notional amount of $450 million, which effectively cap the interest rate on approximately 25% of the current principal amount of the Term Loan Facilities. The Company’s maximum exposure to the variable component of the interest rate on the Term Loan Facilities will be 5% on the notional amount covered by the interest rate cap. The Company records its interest rate caps within other current assets in the Consolidated Balance Sheet at fair value, based on projections of cash flows and future interest rates. The determination of fair value includes the consideration of any credit valuation adjustments necessary, giving consideration to the creditworthiness of the respective counterparties or the Company, as appropriate. As of September 28, 2024 the fair value of the Company’s interest rate caps recorded within other current assets is $0. The effective portion of gains and losses on the interest rate caps are initially recorded in other comprehensive loss and reclassified to interest expense during the period in which the hedged transaction affects income. There was no ineffectiveness attributable to the Company’s interest rate caps during the 13 weeks and 39 weeks ended September 28, 2024. The following table presents the effect of the Company’s interest rate caps in the Consolidated Statement of Comprehensive Income for the 13 weeks and 39 weeks ended September 28, 2024: Derivatives in Cash Flow Hedging Relationships Amount of Gain Recognized in Other Comprehensive Loss, net of tax Location of Amounts Reclassified from Accumulated Other Comprehensive Loss Amount of Gain Reclassified from Accumulated Other Comprehensive Loss to Income, net of tax For the 13 weeks ended September 28, 2024 Interest rate caps $ — Interest expense ─ net $ — For the 39 weeks ended September 28, 2024 Interest rate caps $ — Interest expense ─ net $ — During the next twelve months, the Company estimates $1 million will be reclassified from accumulated other comprehensive loss to income. Other Fair Value Measurements The carrying value of cash, accounts receivable, vendor receivables, cash overdraft liability and accounts payable approximate their fair values due to their short-term maturities. The fair value of the Company’s total debt approximated $4.8 billion and $4.7 billion as of September 28, 2024 and December 30, 2023, respectively, as compared to its carrying value of $4.8 billion and $4.7 billion as of September 28, 2024 and December 30, 2023, respectively. The fair value of the Company’s 6.88% senior unsecured notes due September 15, 2028 (the “Senior Notes due 2028”) was $0.5 billion as of both September 28, 2024 and December 30, 2023. The fair value of the Company’s 4.75% senior unsecured notes due February 15, 2029 (the “Senior Notes due 2029”) was $0.9 billion as of both September 28, 2024 and December 30, 2023. The fair value of the Company’s 4.63% senior unsecured notes due June 1, 2030 (the “Senior Notes due 2030”) was $0.5 billion as of both September 28, 2024 and December 30, 2023. The fair value of the Company’s 7.25% senior unsecured notes due January 15, 2032 (the “Senior Notes due 2032”) was $0.5 billion as of both September 28, 2024 and December 30, 2023. Fair value of the Senior Notes due 2028, the Senior Notes due 2029, the Senior Notes due 2030 and the Senior Notes due 2032 is based upon their quoted market prices on the respective dates. The fair value of the Senior Notes due 2028, the Senior Notes due 2029, the Senior Notes due 2030 and the Senior Notes due 2032 is classified under Level 2 of the fair value hierarchy. The fair value of the balance of the Company’s debt is primarily classified under Level 3 of the fair value hierarchy, with fair value estimated based upon a combination of the cash outflows expected under these debt facilities, interest rates that are currently available to the Company for debt with similar terms, and estimates of the Company’s overall credit risk.

Debt

Debt	9 Months Ended
Debt	Sep. 28, 2024
Debt Disclosure [Abstract]
Debt	DEBT Total debt consisted of the following: Debt Description Maturity Interest Rate as of September 28, 2024 Carrying Value as of September 28, 2024 Carrying Value as of December 30, 2023 ABL Facility December 7, 2027 6.30% $ 75 $ — 2019 Incremental Term Loan Facility (net of $8 and $11 of unamortized deferred financing costs, respectively) September 13, 2026 7.36% 1,101 1,105 2021 Incremental Term Loan Facility (net of $2 and $3 of unamortized deferred financing costs, respectively) November 22, 2028 7.25% 719 718 Senior Notes due 2028 (net of $4 and $5 of unamortized deferred financing costs, respectively) September 15, 2028 6.88% 496 495 Senior Notes due 2029 (net of $5 and $6 of unamortized deferred financing costs, respectively) February 15, 2029 4.75% 895 894 Senior Notes due 2030 (net of $3 and $4 of unamortized deferred financing costs, respectively) June 1, 2030 4.63% 497 496 Senior Notes due 2032 (net of $4 and $5 of unamortized deferred financing costs, respectively) January 15, 2032 7.25% 496 495 Obligations under financing leases 2024–2037 1.26%-8.31% 502 463 Other debt January 1, 2031 5.75% 8 8 Total debt 4,789 4,674 Current portion of long-term debt (118) (110) Long-term debt $ 4,671 $ 4,564 As of September 28, 2024, after considering interest rate caps that fixed the variable component of the interest rate on a total notional amount of $450 million of the current principal amount of the Term Loan Facilities described below, approximately 31% of the Company’s total debt bore interest at a floating rate. ABL Facility The Company’s asset based senior secured revolving credit facility (the “ABL Facility”) provides the Company with loan commitments having a maximum aggregate principal amount of $2,300 million. The ABL Facility is scheduled to mature on December 7, 2027. Borrowings under the ABL Facility bear interest, at the Company’s periodic election, at a rate equal to the sum of an alternative base rate (“ABR”), as described in the ABL Facility, plus a margin ranging from 0.00% to 0.50% based on USF’s excess availability under the ABL Facility, or the sum of the Term Secured Overnight Financing Rate (“Term SOFR”) plus a margin ranging from 1.00% to 1.50%, based on USF’s excess availability under the ABL Facility, and a credit spread adjustment of 0.10%. The margin under the ABL Facility as of September 28, 2024 was 0.00% for ABR loans and 1.00% for Term SOFR loans. On April 30, 2024, the ABL Facility was amended to provide certain providers of supply chain financings a security interest in certain assets of the Company under the ABL Facility. As of September 28, 2024, the Company did not have any active supply chain financing program participants. The Company had outstanding borrowings totaling $75 million, and had outstanding letters of credit totaling $578 million, under the ABL Facility as of September 28, 2024. The outstanding letters of credit primarily relate to securing USF’s obligations with respect to its insurance program and certain real estate leases. There was available capacity of $1,647 million under the ABL Facility as of September 28, 2024. Term Loan Facilities Under its term loan credit agreement, the Company has entered into an incremental senior secured term loan facility borrowed in September 2019 (the “2019 Incremental Term Loan Facility”) and an incremental senior secured term loan facility borrowed in November 2021 (the “2021 Incremental Term Loan Facility”). On June 1, 2023, the Company entered into an amendment to its term loan credit agreement to replace the LIBOR-based interest rate option included in the term loan credit agreement with an interest rate option based upon Term SOFR. USF’s maximum exposure to the variable component of the interest rate on the Term Loan Facilities will be 5% on the notional amount covered by the interest rate caps described above. 2019 Incremental Term Loan Facility The 2019 Incremental Term Loan Facility had an outstanding balance of $1,101 million, net of $8 million of unamortized deferred financing costs as of September 28, 2024. Borrowings under the 2019 Incremental Term Loan Facility bear interest at a rate per annum equal to, at USF’s option, either the sum of (i) Term SOFR plus (ii) a credit spread adjustment of (a) 0.11448% for a one-month term, (b) 0.26161% for a three-month term, or (c) 0.42826% for a six month term, (with the sum of Term SOFR and the foregoing credit spread adjustment subject to a Term SOFR “floor” of 0.00%) plus (iii) a margin of 2.00%, or the sum of (i) an ABR, as described in the 2019 Incremental Term Loan Facility plus (ii) a margin of 1.00%. The 2019 Incremental Term Loan Facility will mature on September 13, 2026. 2021 Incremental Term Loan Facility The 2021 Incremental Term Loan Facility had an outstanding balance of $719 million, net of $2 million of unamortized deferred financing costs as of September 28, 2024. Borrowings under the 2021 Incremental Term Loan Facility bear interest at a rate per annum equal to, at USF’s option, either the sum of (i) Term SOFR (with the Term SOFR subject to a “floor” of 0.00%) plus (ii) a margin of 2.00% or the sum of (i) an ABR, as described in the 2021 Incremental Term Loan Facility, plus (ii) a margin of 1.00%. The 2021 Incremental Term Loan Facility will mature on November 22, 2028. On August 22, 2023, the 2021 Incremental Term Loan Facility was amended to reduce the interest rate margins under the term loan facility to 2.50% for Term SOFR borrowings and 1.50% for ABR borrowings. The Company applied modification accounting to the majority of the continuing lenders as the terms were not substantially different from the terms that applied to those lenders prior to the amendment. For the remaining lenders, the Company applied debt extinguishment accounting. The Company recorded $1 million of third-party costs and a write-off of $1 million of unamortized deferred financing costs, related to the August 22, 2023 amendment in interest expense. Unamortized deferred financing costs of $3 million as of August 22, 2023 were carried forward and will be amortized through November 22, 2028, the maturity date of the term loan facility. On February 27, 2024, the 2021 Incremental Term Loan Facility was further amended to reduce the interest rate margins under the term loan facility to 2.00% for Term SOFR borrowings and 1.00% for ABR borrowings and eliminate the credit spread adjustment. The Company applied modification accounting to the majority of the continuing lenders as the terms were not substantially different from the terms that applied to those lenders prior to the amendment. For the remaining lenders, the Company applied debt extinguishment accounting. The Company recorded $1 million of third-party costs related to the February 27, 2024 amendment in interest expense. Unamortized deferred financing costs of $3 million as of February 27, 2024 were carried forward and will be amortized through November 22, 2028, the maturity date of the term loan facility. Senior Notes due 2028 The Senior Notes due 2028 had an outstanding balance of $496 million, net of the $4 million of unamortized deferred financing costs, as of September 28, 2024. The Senior Notes due 2028 bear interest at a rate of 6.88% per annum and will mature on September 15, 2028. Senior Notes due 2029 The Senior Notes due 2029 had an outstanding balance of $895 million, net of $5 million of unamortized deferred financing costs, as of September 28, 2024. The Senior Notes due 2029 bear interest at a rate of 4.75% per annum and will mature on February 15, 2029. Senior Notes due 2030 The Senior Notes due 2030 had an outstanding balance of $497 million, net of $3 million of unamortized deferred financing costs, as of September 28, 2024. The Senior Notes due 2030 bear interest at a rate of 4.63% per annum and will mature on June 1, 2030. Senior Notes due 2032 The Senior Notes due 2032 had an outstanding balance of $496 million, net of the $4 million of unamortized deferred financing costs, as of September 28, 2024. The Senior Notes due 2032 bear interest at a rate of 7.25% per annum and will mature on January 15, 2032. Debt Covenants The agreements governing our indebtedness contain customary covenants. These include, among other things, covenants that restrict our ability to incur certain additional indebtedness, create or permit liens on assets, pay dividends, or engage in mergers or consolidations. The Company had approximately $2.3 billion of restricted payment capacity under these covenants, and approximately $2.3 billion of its net assets were restricted after taking into consideration the net deferred tax assets and intercompany balances that eliminate in consolidation as of September 28, 2024.

Restructuring Liabilities

Restructuring Liabilities	9 Months Ended
Restructuring Liabilities	Sep. 28, 2024
Restructuring and Related Activities [Abstract]
Restructuring Liabilities	RESTRUCTURING LIABILITIES From time to time, the Company may implement initiatives, close or consolidate facilities in an effort to reduce costs and improve operating effectiveness. In connection with these activities, the Company may incur various costs including severance and other employee-related separation costs. During the 13 weeks and 39 weeks ended September 28, 2024, the Company incurred net restructuring costs of $9 million and $21 million, respectively, primarily related to initiatives to improve operational effectiveness and workforce reductions. During the 13 weeks and 39 weeks ended September 30, 2023, the Company incurred net restructuring costs of $3 million primarily related to initiatives to improve operational effectiveness. Net restructuring liabilities were $9 million and $7 million as of September 28, 2024 and December 30, 2023, respectively. The following table summarizes the changes in the restructuring liabilities for the 13 weeks and 39 weeks ended September 28, 2024: Restructuring Liabilities Balance as of Balance at December 30, 2023 $ 7 Current period costs 13 Payments, net (5) Balance at March 30, 2024 15 Current period activity (1) Payments, net (2) Balance at June 29, 2024 12 Current period activity 9 Payments, net (12) Balance at September 28, 2024 $ 9

Retirement Plans

Retirement Plans	9 Months Ended
Retirement Plans	Sep. 28, 2024
Retirement Benefits [Abstract]
Retirement Plans	RETIREMENT PLANS The Company sponsors a defined benefit pension plan (the “Retirement Plan”) and a 401(k) savings plan for eligible employees, and provides certain postretirement health and welfare benefits to eligible retirees and their dependents. In the quarter ending July 1, 2023, the Company issued a notice of intent to terminate the majority of the Retirement Plan. This was previously approved by the Company’s Board of Directors. Effective December 30, 2023, the Retirement Plan was split into the Retirement Plan that is continuing, the “Ongoing Plan”, and the portion of the Retirement Plan that is terminating, the “Terminating Plan.” The Company has commenced the plan termination process for the Terminating Plan and expects all benefits to be settled during 2024, either through a lump-sum payment to participants or the purchase of an annuity offering on behalf of the participants. The Company does not expect to make significant contributions to the Retirement Plan in fiscal year 2024 for the cost of settlement of the Terminating Plan. See Note 19, Subsequent Events for additional information. The components of net periodic pension benefit costs (credits) for Company sponsored defined benefit plans were as follows: 13 Weeks Ended 39 Weeks Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Components of net periodic pension benefit costs (credits): Service cost $ — $ — $ 1 $ 1 Interest cost 5 10 15 29 Expected return on plan assets (5) (12) (15) (36) Amortization of net loss 1 1 4 3 Net periodic pension benefit costs (credits) $ 1 $ (1) $ 5 $ (3) Other postretirement benefit costs were de minimis for both the 13 weeks and 39 weeks ended September 28, 2024 and September 30, 2023. The service cost component of net periodic benefit costs (credits) is included in distribution, selling and administrative costs, while the other components of net periodic benefit credits are included in other expense (income)—net in the Company’s Consolidated Statements of Comprehensive Income. The Company does not expect to make significant contributions to its defined benefit pension plan in fiscal year 2024. Certain employees are eligible to participate in the Company’s 401(k) plan. The Company made employer matching contributions to the 401(k) plan of $21 million and $16 million for the 13 weeks ended September 28, 2024 and September 30, 2023, respectively, and $63 million and $48 million for the 39 weeks ended September 28, 2024 and September 30, 2023, respectively. The Company is also required to contribute to various multiemployer pension plans under the terms of collective bargaining agreements that cover certain of its union-represented employees. The Company’s contributions to these plans were $15 million and $14 million for the 13 weeks ended September 28, 2024 and September 30, 2023, respectively, and $44 million and $42 million for the 39 weeks ended September 28, 2024 and September 30, 2023, respectively.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
Stockholders' Equity	Sep. 28, 2024
Earnings Per Share [Abstract]
Stockholders' Equity	STOCKHOLDERS’ EQUITY Earnings Per Share The Company computes EPS in accordance with Accounting Standards Codification (“ASC”) 260, Earnings per Share . Basic EPS is computed by dividing net income available to common shareholders by the weighted-average number of shares of common stock outstanding. Diluted EPS is computed using the weighted average number of shares of common stock, plus the effect of potentially dilutive securities. The Company applied the treasury method to calculate the dilution impact of share-based awards—stock options, non-vested restricted shares with forfeitable dividend rights, restricted stock units, and employee stock purchase plan deferrals. The Company applies the if-converted method to calculate the dilution impact of the Series A convertible preferred stock (the “Series A Preferred Stock”), if dilutive in the period. For the 13 weeks ended September 28, 2024, there were no anti-dilutive shares excluded from the dilutive share based calculation. For the 13 weeks ended September 30, 2023, share-based awards representing less than 1 million underlying common shares were not included in the computation because the effect would have been anti-dilutive. For both the 39 weeks ended September 28, 2024 and September 30, 2023, share-based awards representing less than 1 million underlying common shares were not included in the computation because the effect would have been anti-dilutive. Additionally, Series A Preferred Stock shares were dilutive for the 39 weeks ended September 30, 2023. For the 13 weeks and 39 weeks ended September 28, 2024, there are no shares of Series A Preferred Stock outstanding. The following table sets forth the computation of basic and diluted EPS: 13 Weeks Ended 39 Weeks Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Numerator: Net income $ 148 $ 95 $ 428 $ 359 Less: Series A Preferred Stock Dividends — — — (7) Net income available to common shareholders $ 148 $ 95 $ 428 $ 352 Denominator: Weighted-average common shares outstanding—basic 241 247 244 237 Effect of dilutive share-based awards 3 2 3 3 Effect of dilutive underlying shares of the Series A Preferred Stock (1) — — — 11 Weighted-average common shares outstanding—diluted 244 249 247 251 Net income per share Basic $ 0.61 $ 0.38 $ 1.75 $ 1.49 Diluted $ 0.61 $ 0.38 $ 1.74 $ 1.43 (1) Under the if-converted method, outstanding shares of the Series A Preferred Stock were treated as if converted to common shares for inclusion in the calculation of the weighted-average common shares outstanding—diluted. Under this approach, if converted, there would be no preferred stock outstanding and therefore no Series A Preferred Stock dividend. As of September 28, 2024, there are no shares of Series A Preferred Stock outstanding. Share Repurchase Programs On November 2, 2022, our Board of Directors approved a share repurchase program (“Original Share Repurchase Program”) under which the Company was authorized to repurchase up to $500 million of its outstanding common stock. On June 1, 2024, the Board approved, and on June 5, 2024, the Company announced, an increase in the amount of common stock that could be purchased under the Original Share Repurchase Program to $1 billion (“Amended Share Repurchase Program”). As of September 28, 2024, there was approximately $398 million in remaining funds authorized under the Amended Share Repurchase Program. For the 13 weeks ended September 28, 2024, the Company repurchased 10,399,672 shares at an aggregate purchase price of approximately $580 million under the Amended Share Repurchase Program, inclusive of $6 million of excise taxes, fees and commissions. For the 39 weeks ended September 28, 2024, the Company repurchased 11,433,047 shares at an aggregate purchase price of approximately $634 million under the Amended Share Repurchase Program and the Original Share Repurchase Program, inclusive of $7 million of excise taxes, fees and commissions. The size and timing of any repurchases will depend on a number of factors, including share price, general business and market conditions and other factors. Under the Amended Share Repurchase Program, repurchases can be made from time to time using a variety of methods, including open market purchases, privately negotiated transactions, accelerated share repurchases and Rule 10b5-1 trading plans. The Amended Share Repurchase Program does not obligate the Company to acquire any particular amount of shares, and the Amended Share Repurchase Program may be suspended or discontinued at any time at the Company’s discretion. The Amended Share Repurchase Program does not have an expiration date.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	9 Months Ended
Changes in Accumulated Other Comprehensive Loss	Sep. 28, 2024
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS The following table presents changes in accumulated other comprehensive loss by component for the periods presented: 13 Weeks Ended 39 Weeks Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Accumulated other comprehensive loss components Retirement benefit obligations: Balance as of beginning of period (1) $ (113) $ (72) $ (116) $ (73) Reclassification adjustments: Amortization of net loss (2) (3) 1 1 4 2 Total before income tax 1 1 4 2 Income tax provision — — — — Current period comprehensive income, net of tax 1 1 4 2 Balance as of end of period (1) $ (112) $ (71) $ (112) $ (71) Interest rate Caps: Balance at beginning of period (1) $ 1 $ 1 $ 1 $ — Change in fair value of interest rate caps — — — 1 Total before income tax — 1 — 1 Income tax provision — — — — Current period comprehensive income, net of tax — 1 — 1 Balance at end of period (1) $ 1 $ 1 $ 1 $ 1 Accumulated other comprehensive loss at end of period (1) $ (111) $ (70) $ (111) $ (70) (1) Amounts are presented net of tax. (2) Included in the computation of net periodic benefit costs. See Note 12, Retirement Plans, for additional information. (3) Included in other income—net in the Company’s Consolidated Statements of Comprehensive Income.

Related Party Transactions

Related Party Transactions	9 Months Ended
Related Party Transactions	Sep. 28, 2024
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS As of both September 28, 2024 and December 30, 2023, as reported by the administrative agent of the 2019 and 2021 Incremental Term Loan Facilities, investment funds managed by an affiliate of FMR LLC held approximately $2 million in aggregate principal amount of the 2021 Incremental Term Loan Facility. Certain FMR LLC affiliates also provide administrative and trustee services for the Company’s 401(k) Plan and provide administrative services for other Company sponsored employee benefit plans. Fees earned by FMR LLC affiliates are not material to the Company’s consolidated financial statements.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 28, 2024
Income Tax Disclosure [Abstract]
Income taxes	INCOME TAXES The determination of the Company’s overall effective income tax rate requires the use of estimates. The effective income tax rate reflects the income earned and taxed in U.S. federal and various state jurisdictions based on enacted tax law, permanent differences between book and tax items, tax credits and the Company’s change in relative income in each jurisdiction. The Company estimated its annual effective income tax rate for the full fiscal year and applied the annual effective income tax rate to the results of the 39 weeks ended September 28, 2024 and September 30, 2023, and then recognized the impact of discrete tax items for purposes of determining its year-to-date tax provision. For the 13 weeks ended September 28, 2024, the Company’s effective income tax rate of 26% differed from the 21% federal corporate income tax rate primarily as a result of state income taxes and the recognition of various discrete tax items. These discrete tax items included a tax benefit of $1 million related to a decrease in an unrecognized tax benefit as a result of the expiration of the statute of limitations in several jurisdictions, and a tax benefit of $1 million, primarily related to excess tax benefits associated with share-based compensation. For the 13 weeks ended September 30, 2023, the Company’s effective income tax rate of 27% differed from the 21% federal corporate income tax rate primarily as a result of state income taxes and the recognition of various discrete tax items. These discrete tax items were not material individually or in the aggregate. For the 39 weeks ended September 28, 2024, the Company’s effective income tax rate of 23% differed from the 21% federal corporate income tax rate primarily as a result of state income taxes and the recognition of various discrete tax items. These discrete tax items included a tax benefit of $17 million, primarily related to a decrease in an unrecognized tax benefit as a result of the expiration of the statute of limitations in several jurisdictions, a tax benefit of $8 million, primarily related to excess tax benefits associated with share-based compensation and a tax expense of $3 million, primarily related to adjustments to prior year tax provision estimates. For the 39 weeks ended September 30, 2023, the Company’s effective income tax rate of 25% differed from the 21% federal corporate income tax rate primarily as a result of state income taxes and the recognition of various discrete tax items. These discrete tax items included a tax benefit of $6 million, primarily related to excess tax benefits associated with share-based compensation and a tax benefit of $4 million, primarily related to adjustments to prior year tax provision estimates.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 28, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Purchase Commitments —The Company enters into purchase orders with vendors and other parties in the ordinary course of business and has a limited number of purchase contracts with certain vendors that require it to buy a predetermined volume of products. The Company had $1,160 million of purchase orders and purchase contract commitments as of September 28, 2024 to be purchased in the remainder of fiscal year 2024 and continuing through fiscal year 2029 and $93 million of information technology commitments through 2028 that are not recorded in the Company’s Consolidated Balance Sheets. The Company has entered into various minimum volume purchase agreements at various pricing terms. Minimum amounts committed to as of September 28, 2024 totaled approximately $1.2 billion. Minimum amounts committed to by year are as follows: Amount (In millions) 2024 $ 132 2025 946 2026 158 2027 — 2028 — 2029 — To minimize fuel price risk, the Company enters into forward purchase commitments for a portion of its projected diesel fuel requirements. The Company had diesel fuel forward purchase commitments totaling $37 million through December 2025 as of September 28, 2024. Additionally, the Company had electricity forward purchase commitments totaling $4 million through July 2026, as of September 28, 2024. The Company does not measure its forward purchase commitments for fuel and electricity at fair value, as the amounts under contract meet the physical delivery criteria in the normal purchase exception. Legal Proceedings —The Company is subject to a number of legal proceedings arising in the normal course of business. These legal proceedings, whether pending, threatened or unasserted, if decided adversely to or settled by the Company, may result in liabilities material to its financial position, results of operations, or cash flows. The Company has recognized provisions with respect to the proceedings, where appropriate, in its Consolidated Balance Sheets. It is possible that the Company could settle one or more of these proceedings or could be required to make expenditures, in excess of the established provisions, in amounts that cannot be reasonably estimated. However, the Company, at present, believes that the ultimate outcome of these proceedings will not have a material adverse effect on its consolidated financial position, results of operations or cash flows.

Business Information

Business Information	9 Months Ended
Business Information	Sep. 28, 2024
Segment Reporting [Abstract]
Business information	BUSINESS INFORMATION The Company’s consolidated results represent the results of its one business segment based on how the Company’s chief operating decision maker, our Chief Executive Officer, views the business for purposes of evaluating performance and making operating decisions. The Company markets, sells and distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the U.S. The Company uses a centralized management structure, and its strategies and initiatives are implemented and executed consistently across the organization to maximize value to the organization as a whole. The Company uses shared resources for sales, procurement, and general and administrative activities across each of its distribution facilities and operations. The Company’s distribution facilities form a single network to reach its customers; it is common for a single customer to make purchases from several different distribution facilities. Capital projects, whether for cost savings or generating incremental revenue, are evaluated based on estimated economic returns to the organization as a whole. On June 5, 2024, the Company announced it intends to explore the potential sale of its CHEF’STORE wholesale restaurant supply business and, if a sale is completed, then entirely focus on delivered broadline operations. As of September 28, 2024, the Company is in the process of exploring this sale. During the 13 weeks ended September 28, 2024, the Company began offering a supplier financing program, in which participating suppliers may, at their sole discretion, make offers to finance one or more payment obligations of the Company prior to their scheduled due dates at a discounted price to participating financial institutions. No third parties have signed the supplier finance program agreements as of September 28, 2024.

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 28, 2024
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS Senior Notes and Incremental Term Loan Facility —On October 3, 2024, the Company completed a private offering of $500 million aggregate principal amount of 5.75% senior unsecured notes due April 15, 2033 (the “Senior Notes due 2033”). Additionally, on October 3, 2024, the Company further amended its term loan credit agreement. The Company issued two new term loan tranches of the term loan credit facility, one for $725 million (the “2024 Term Loan Facility”) and one for $610 million (the “2021 Term Loan Facility”). The Company used the proceeds of the Senior Notes due 2033 and the 2024 Term Loan Facility and the 2021 Term Loan Facility, and cash on hand, to pay in full the 2019 Incremental Term Loan Facility and, other than amounts that were rolled on a cashless basis into the 2021 Term Loan Facility, the 2021 Incremental Term Loan Facility. The Company incurred lender fees and third-party costs of approximately $13 million in connection with the issuance of the Senior Notes due 2033. The Company plans to apply debt modification or extinguishment accounting as applicable. Pension Plan Termination —In October 2024, the Company began settling its obligations under the Terminating Plan through the purchase of an annuity contract from a highly rated insurance company for $414 million. Additionally, in October 2024, the Company made $254 million of lump sum payments directly to eligible participants who elected that payment option. Given that the annuity contract premium and lump sum payments do not exceed the assets of the Terminating Plan, there will be no cash contributions made by the Company. Management estimates that the Company will recognize a one-time non-cash pre-tax pension settlement charge of $124 million in the fiscal fourth quarter of 2024 related to actuarial losses previously recorded in Accumulated Other Comprehensive Loss. Share Repurchases —For the fiscal fourth quarter through November 4, 2024, the Company repurchased 2,592,612 shares at an aggregate purchase price of approximately $160 million under the Amended Share Repurchase Program. At November 4, 2024, there was approximately $238 million in remaining funds authorized under the Amended Share Repurchase Program.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended						9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Sep. 28, 2024	Jun. 29, 2024	Mar. 30, 2024	Sep. 30, 2023	Jul. 01, 2023	Apr. 01, 2023	Sep. 28, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income	$ 148	$ 198	$ 82	$ 95	$ 182	$ 82	$ 428	$ 359

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 28, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements (Policies)	9 Months Ended
	Sep. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Description	Business Description —The Company, through USF, operates in one business segment in which it markets, sells and distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States (“U.S.”). These customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities and retail locations.
Basis of Presentation	The consolidated financial statements included in this Quarterly Report have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) for interim financial information and the applicable rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and disclosures normally included in financial statements and notes prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The Company believes that the disclosures included in this Quarterly Report are adequate to make the information presented not misleading. These interim consolidated financial statements and notes should be read in conjunction with the audited consolidated financial statements and notes included in the Annual Report on Form 10-K for the fiscal year ended December 30, 2023 (the “2023 Annual Report”).
Consolidation	The consolidated interim financial statements reflect all adjustments (consisting of normal recurring items) necessary for the fair presentation of the financial position, results of operations and cash flows for the interim periods presented. The results of operations for interim periods are not necessarily indicative of the results that might be achieved for any other interim period or the full fiscal year
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07 Segment Reporting (“Topic 280”) “Improvements to Reportable Segment Disclosures Topic 280,” which enhances the transparency of segment disclosures primarily related to conclusions on consolidated net income as a measure of segment profit or loss that is most consistent with U.S. GAAP. This guidance also applies to single reportable segment entities. This guidance is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. This guidance is effective on a retrospective basis unless it is impracticable to do so and early adoption is permitted. The Company plans to adopt the provisions of ASU No. 2023-07 at the beginning of the fourth quarter of fiscal year 2024 and does not expect the provisions of the new standard to materially affect our financial position, results of operation or cash flows. In December 2023, the FASB issued ASU No 2023-09 Income Taxes (“Topic 740”) “Improvements to Income Tax Disclosures Topic 740”, which enhances the transparency of income tax disclosures primarily related to rate reconciliation and income taxes paid information. This guidance is effective for fiscal years beginning after December 15, 2024. This guidance is effective on a prospective basis, though retrospective application is permitted. The Company plans to adopt the provisions of ASU No. 2023-09 at the beginning of the first quarter of fiscal year 2025 and does not expect the provisions of the new standard to materially affect our financial position, results of operation or cash flows. In March 2024, the SEC adopted amendments to its rules under the Securities Act and Exchanges Act The Enhancement and Standardization of Climate-Related Disclosures for Investors (“SEC Climate Rule”), which enhances the transparency of climate-related disclosures primarily related to climate-related risks that have materially impacted, or are reasonably likely to have a material impact on, business strategy, results of operations, or financial condition. The SEC has been the subject of various lawsuits since adopting these amendments, and has voluntarily stayed these standards pending further developments on the legal front. Under the currently issued SEC Climate Rule, these amendments would be effective for large accelerated filers for fiscal year 2025. The Company is continuing to monitor developments associated with these standards and has begun to assess the impacts they may have on the Company’s financial position, results of operation and cash flows.
Revenue Recognition	The Company recognizes revenue when the performance obligation is satisfied, which occurs when a customer obtains control of the promised goods or services. The amount of revenue recognized reflects the consideration which the Company expects to be entitled to receive in exchange for these goods or services. The Company generates substantially all of its revenue from the distribution and sale of food and food-related products and recognizes revenue when title and risk of loss passes to the customer and the customer accepts the goods, which occurs at delivery. Customer sales incentives, such as volume-based rebates or discounts, are treated as a reduction of revenue at the time the revenue is recognized. Sales taxes invoiced to customers and remitted to governmental authorities are excluded from net sales. Shipping and handling costs are treated as fulfillment costs and included in distribution, selling and administrative costs.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
Revenue Recognition (Tables)	Sep. 28, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue by principal product categories	The following table presents the disaggregation of revenue for each of the Company’s principal product categories: 13 Weeks Ended 39 Weeks Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Meats and seafood $ 3,356 $ 3,074 $ 9,661 $ 8,924 Dry grocery products 1,675 1,634 4,976 4,796 Refrigerated and frozen grocery products 1,615 1,543 4,807 4,505 Dairy 1,061 927 2,997 2,802 Equipment, disposables and supplies 910 903 2,696 2,704 Beverage products 560 516 1,627 1,479 Produce 551 509 1,622 1,451 Total net sales $ 9,728 $ 9,106 $ 28,386 $ 26,661

Allowance for Doubtful Accoun_2

Allowance for Doubtful Accounts (Tables)	9 Months Ended
Allowance for Doubtful Accounts (Tables)	Sep. 28, 2024
Receivables [Abstract]
Allowance for doubtful accounts	A summary of the activity in the allowance for doubtful accounts for the 39 weeks ended September 28, 2024 and September 30, 2023 was as follows: September 28, 2024 September 30, 2023 Balance as of beginning of year $ 18 $ 30 Charged to costs and expenses, net 21 20 Customer accounts written off—net of recoveries (19) (31) Balance as of end of period $ 20 $ 19

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	9 Months Ended
Goodwill and Other Intangibles (Tables)	Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Other Intangibles, Net	Goodwill and other intangibles—net consisted of the following: September 28, 2024 December 30, Goodwill $ 5,779 $ 5,697 Other intangibles—net Customer relationships—amortizable: Gross carrying amount $ 799 $ 715 Accumulated amortization (227) (189) Net carrying value 572 526 Trade names—amortizable: Gross carrying amount 4 4 Accumulated amortization (2) (2) Net carrying value 2 2 Noncompete agreements—amortizable: Gross carrying amount 8 4 Accumulated amortization (1) — Net carrying value 7 4 Brand names and trademarks—not amortizing 271 271 Total other intangibles—net $ 852 $ 803

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Sep. 28, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Assets and Liabilities	The Company’s assets and liabilities measured at fair value on a recurring basis as of September 28, 2024 and December 30, 2023, aggregated by the level in the fair value hierarchy within which those measurements fall, were as follows: September 28, 2024 Level 1 Level 2 Level 3 Total Assets Money market funds $ 15 $ — $ — $ 15 Interest rate caps — — — — December 30, 2023 Level 1 Level 2 Level 3 Total Assets Money market funds $ 208 $ — $ — $ 208 Interest rate caps — 1 — 1
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following table presents the effect of the Company’s interest rate caps in the Consolidated Statement of Comprehensive Income for the 13 weeks and 39 weeks ended September 28, 2024: Derivatives in Cash Flow Hedging Relationships Amount of Gain Recognized in Other Comprehensive Loss, net of tax Location of Amounts Reclassified from Accumulated Other Comprehensive Loss Amount of Gain Reclassified from Accumulated Other Comprehensive Loss to Income, net of tax For the 13 weeks ended September 28, 2024 Interest rate caps $ — Interest expense ─ net $ — For the 39 weeks ended September 28, 2024 Interest rate caps $ — Interest expense ─ net $ —

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Sep. 28, 2024
Debt Disclosure [Abstract]
Components of total debt	Total debt consisted of the following: Debt Description Maturity Interest Rate as of September 28, 2024 Carrying Value as of September 28, 2024 Carrying Value as of December 30, 2023 ABL Facility December 7, 2027 6.30% $ 75 $ — 2019 Incremental Term Loan Facility (net of $8 and $11 of unamortized deferred financing costs, respectively) September 13, 2026 7.36% 1,101 1,105 2021 Incremental Term Loan Facility (net of $2 and $3 of unamortized deferred financing costs, respectively) November 22, 2028 7.25% 719 718 Senior Notes due 2028 (net of $4 and $5 of unamortized deferred financing costs, respectively) September 15, 2028 6.88% 496 495 Senior Notes due 2029 (net of $5 and $6 of unamortized deferred financing costs, respectively) February 15, 2029 4.75% 895 894 Senior Notes due 2030 (net of $3 and $4 of unamortized deferred financing costs, respectively) June 1, 2030 4.63% 497 496 Senior Notes due 2032 (net of $4 and $5 of unamortized deferred financing costs, respectively) January 15, 2032 7.25% 496 495 Obligations under financing leases 2024–2037 1.26%-8.31% 502 463 Other debt January 1, 2031 5.75% 8 8 Total debt 4,789 4,674 Current portion of long-term debt (118) (110) Long-term debt $ 4,671 $ 4,564

Restructuring Liabilities (Tabl

Restructuring Liabilities (Tables)	9 Months Ended
Restructuring Liabilities (Tables)	Sep. 28, 2024
Restructuring and Related Activities [Abstract]
Restructuring Liabilities	The following table summarizes the changes in the restructuring liabilities for the 13 weeks and 39 weeks ended September 28, 2024: Restructuring Liabilities Balance as of Balance at December 30, 2023 $ 7 Current period costs 13 Payments, net (5) Balance at March 30, 2024 15 Current period activity (1) Payments, net (2) Balance at June 29, 2024 12 Current period activity 9 Payments, net (12) Balance at September 28, 2024 $ 9

Retirement Plans (Tables)

Retirement Plans (Tables)	9 Months Ended
Retirement Plans (Tables)	Sep. 28, 2024
Retirement Benefits [Abstract]
Schedule of Components of Net Periodic Benefit (Credit) Costs	The components of net periodic pension benefit costs (credits) for Company sponsored defined benefit plans were as follows: 13 Weeks Ended 39 Weeks Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Components of net periodic pension benefit costs (credits): Service cost $ — $ — $ 1 $ 1 Interest cost 5 10 15 29 Expected return on plan assets (5) (12) (15) (36) Amortization of net loss 1 1 4 3 Net periodic pension benefit costs (credits) $ 1 $ (1) $ 5 $ (3)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
Stockholders' Equity (Tables)	Sep. 28, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted EPS	The following table sets forth the computation of basic and diluted EPS: 13 Weeks Ended 39 Weeks Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Numerator: Net income $ 148 $ 95 $ 428 $ 359 Less: Series A Preferred Stock Dividends — — — (7) Net income available to common shareholders $ 148 $ 95 $ 428 $ 352 Denominator: Weighted-average common shares outstanding—basic 241 247 244 237 Effect of dilutive share-based awards 3 2 3 3 Effect of dilutive underlying shares of the Series A Preferred Stock (1) — — — 11 Weighted-average common shares outstanding—diluted 244 249 247 251 Net income per share Basic $ 0.61 $ 0.38 $ 1.75 $ 1.49 Diluted $ 0.61 $ 0.38 $ 1.74 $ 1.43

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
Changes in Accumulated Other Comprehensive Loss (Tables)	Sep. 28, 2024
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Loss	The following table presents changes in accumulated other comprehensive loss by component for the periods presented: 13 Weeks Ended 39 Weeks Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Accumulated other comprehensive loss components Retirement benefit obligations: Balance as of beginning of period (1) $ (113) $ (72) $ (116) $ (73) Reclassification adjustments: Amortization of net loss (2) (3) 1 1 4 2 Total before income tax 1 1 4 2 Income tax provision — — — — Current period comprehensive income, net of tax 1 1 4 2 Balance as of end of period (1) $ (112) $ (71) $ (112) $ (71) Interest rate Caps: Balance at beginning of period (1) $ 1 $ 1 $ 1 $ — Change in fair value of interest rate caps — — — 1 Total before income tax — 1 — 1 Income tax provision — — — — Current period comprehensive income, net of tax — 1 — 1 Balance at end of period (1) $ 1 $ 1 $ 1 $ 1 Accumulated other comprehensive loss at end of period (1) $ (111) $ (70) $ (111) $ (70) (1) Amounts are presented net of tax. (2) Included in the computation of net periodic benefit costs. See Note 12, Retirement Plans, for additional information. (3) Included in other income—net in the Company’s Consolidated Statements of Comprehensive Income.

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	9 Months Ended
Commitment and Contingencies (Tables)	Sep. 28, 2024
Commitments and Contingencies Disclosure [Abstract]
Long-Term Purchase Commitment	Minimum amounts committed to by year are as follows: Amount (In millions) 2024 $ 132 2025 946 2026 158 2027 — 2028 — 2029 —

Overview and Basis of Present_2

Overview and Basis of Presentation (Detail)	9 Months Ended
Overview and Basis of Presentation (Detail)	Sep. 28, 2024 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of business segments	1
Number of Operating Segments	1

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail - Level 4) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Disaggregation of Revenue [Line Items]
Accounts receivable, less allowances	$ 2,065	$ 1,854
Prepaid expenses
Disaggregation of Revenue [Line Items]
Contract assets	42	35
Other Noncurrent Assets
Disaggregation of Revenue [Line Items]
Contract assets	$ 48	$ 39

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Disaggregation of Revenue (Detail - Level 4) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 9,728	$ 9,106	$ 28,386	$ 26,661
Meats and seafood
Disaggregation of Revenue [Line Items]
Total net sales	3,356	3,074	9,661	8,924
Dry grocery products
Disaggregation of Revenue [Line Items]
Total net sales	1,675	1,634	4,976	4,796
Refrigerated and frozen grocery products
Disaggregation of Revenue [Line Items]
Total net sales	1,615	1,543	4,807	4,505
Dairy
Disaggregation of Revenue [Line Items]
Total net sales	1,061	927	2,997	2,802
Equipment, disposables and supplies
Disaggregation of Revenue [Line Items]
Total net sales	910	903	2,696	2,704
Beverage products
Disaggregation of Revenue [Line Items]
Total net sales	560	516	1,627	1,479
Produce
Disaggregation of Revenue [Line Items]
Total net sales	$ 551	$ 509	$ 1,622	$ 1,451

Business Acquisitions (Details)

Business Acquisitions (Details) - USD ($) $ in Millions		3 Months Ended	9 Months Ended
Business Acquisitions (Details) - USD ($) $ in Millions	Apr. 05, 2024	Jun. 29, 2024	Sep. 28, 2024	Sep. 30, 2023	Dec. 30, 2023
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			$ 214	$ 142
Goodwill			$ 5,779		$ 5,697
IWC Food Service
Business Acquisition [Line Items]
Payments for acquisition		$ 220
Cash acquired from acquisition		6
Payments to Acquire Businesses, Net of Cash Acquired		$ 214
Goodwill	$ 81
Intangible assets	82
IWC Food Service \| Customer Relationships
Business Acquisition [Line Items]
Intangible assets	$ 78
Estimated useful lives of intangible assets (in years)	15 years
IWC Food Service \| Noncompete Agreements
Business Acquisition [Line Items]
Intangible assets	$ 4
Estimated useful lives of intangible assets (in years)	5 years

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Inventories (Detail) - USD ($) $ in Millions	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Dec. 30, 2023
Inventory Disclosure [Abstract]
LIFO balance sheet reserves	$ 555		$ 555		$ 488
Increase (decrease) of cost of goods sold from changes in LIFO reserves	$ 23	$ 37	$ 68	$ 42

Allowance for Doubtful Accoun_3

Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Dec. 30, 2023	Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Provision for doubtful accounts	$ 21	$ 20
Allowances for vendor receivables	8	7	$ 5	$ 8
SEC Schedule, 12-09, Allowance, Credit Loss
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for doubtful accounts	18	30
Provision for doubtful accounts	21	20
Customer accounts written off—net of recoveries	(19)	(31)
Allowance for doubtful accounts	$ 20	$ 19

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Property and Equipment (Details) - USD ($) $ in Millions	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Dec. 30, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, accumulated depreciation	$ 3,344		$ 3,344		$ 3,219
Depreciation expense	$ 99	$ 85	$ 288	$ 256
Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life (years)	3 years		3 years
Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life (years)	40 years		40 years

Goodwill and Other Intangible_2

Goodwill and Other Intangibles - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Other Intangible Assets [Line Items]
Amortization expense	$ 15,000,000	$ 12,000,000	$ 39,000,000	$ 34,000,000
Indefinite-lived intangible assets, impairment			$ 0	$ 0
Minimum
Other Intangible Assets [Line Items]
Estimated useful lives of intangible assets (in years)	3 years		3 years
Maximum
Other Intangible Assets [Line Items]
Estimated useful lives of intangible assets (in years)	15 years		15 years

Goodwill and Other Intangible_3

Goodwill and Other Intangibles - Schedule of Goodwill and Other Intangibles, Net (Detail) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Other intangibles—net
Goodwill	$ 5,779	$ 5,697
Total other intangibles—net	852	803
Brand Names and Trademarks
Other intangibles—net
Brand names and trademarks—not amortizing	271	271
Customer Relationships
Other intangibles—net
Gross carrying amount	799	715
Accumulated amortization	(227)	(189)
Net carrying value	572	526
Trade Names
Other intangibles—net
Gross carrying amount	4	4
Accumulated amortization	(2)	(2)
Net carrying value	2	2
Noncompete Agreements
Other intangibles—net
Gross carrying amount	8	4
Accumulated amortization	(1)	0
Net carrying value	$ 7	$ 4

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Assets and Liabilities on Recurring Basis (Details) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Assets
Money market funds	$ 15	$ 208
Interest rate caps	0	1
Level 1
Assets
Money market funds	15	208
Interest rate caps	0	0
Level 2
Assets
Money market funds	0	0
Interest rate caps	0	1
Level 3
Assets
Money market funds	0	0
Interest rate caps	$ 0	$ 0

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Derivative Instruments in Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]			Interest expense—net
Interest Rate Cap \| Cash Flow Hedging
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in fair value of interest rate caps			$ 0
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest expense—net
Amount of Gain Reclassified from Accumulated Other Comprehensive Loss to Income, net of tax	$ 0		0
Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in fair value of interest rate caps	$ 0	$ 0	$ 0	$ 1

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 28, 2024 USD ($) derivative	Dec. 30, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of instruments \| derivative	2
Contract term	2 years
Derivative, notional amount	$ 450
Percentage bearing variable interest, percentage rate	25%
Cap interest rate	5%
Cash flow hedge gain (loss) to be reclassified within twelve months	$ 1
Senior secured term loan facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, fixed interest, current principal amount	$ 450
Senior notes \| Senior Notes due 2028
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	6.88%
Senior notes \| Senior Notes due 2029
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	4.75%
Senior notes \| Senior Notes due 2030
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	4.63%
Senior notes \| Senior Notes due 2032
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate	7.25%
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Approximated fair value of debt	$ 4,800	$ 4,700
Fair Value \| Senior notes \| Senior Notes due 2028 \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Approximated fair value of debt	500
Fair Value \| Senior notes \| Senior Notes due 2029 \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Approximated fair value of debt		900
Fair Value \| Senior notes \| Senior Notes due 2030 \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Approximated fair value of debt	500	500
Fair Value \| Senior notes \| Senior Notes due 2032 \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Approximated fair value of debt	500	500
Carrying value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Approximated fair value of debt	$ 4,800	$ 4,700

Debt - Schedule of Components o

Debt - Schedule of Components of Total Debt (Detail) - USD ($) $ in Millions	Sep. 28, 2024	Feb. 27, 2024	Dec. 30, 2023
Debt Instrument [Line Items]
Total debt	$ 4,789		$ 4,674
Current portion of long-term debt	(118)		(110)
Long-term debt	$ 4,671		4,564
ABL Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Interest rate	6.30%
Total debt	$ 75		0
2019 Term Loan Facility \| Senior secured term loan facility
Debt Instrument [Line Items]
Unamortized deferred financing costs	$ 8		11
Interest rate	7.36%
Total debt	$ 1,101		1,105
2021 Term Loan Facility \| Senior secured term loan facility
Debt Instrument [Line Items]
Unamortized deferred financing costs	$ 2	$ 3	3
Interest rate	7.25%
Total debt	$ 719		718
Senior Notes due 2028 \| Senior notes
Debt Instrument [Line Items]
Unamortized deferred financing costs			5
Interest rate	6.88%
Total debt	$ 496		495
Senior Notes due 2029 \| Senior notes
Debt Instrument [Line Items]
Unamortized deferred financing costs	$ 5		6
Interest rate	4.75%
Total debt	$ 895		894
Senior Notes due 2030 \| Senior notes
Debt Instrument [Line Items]
Unamortized deferred financing costs	$ 3		4
Interest rate	4.63%
Total debt	$ 497		496
Senior Notes due 2032 \| Senior notes
Debt Instrument [Line Items]
Unamortized deferred financing costs	$ 4		5
Interest rate	7.25%
Total debt	$ 496		495
Finance Lease Obligations \| Lease agreements
Debt Instrument [Line Items]
Total debt	$ 502		$ 463
Finance Lease Obligations \| Lease agreements \| Minimum
Debt Instrument [Line Items]
Interest rate	1.26%
Finance Lease Obligations \| Lease agreements \| Maximum
Debt Instrument [Line Items]
Interest rate	8.31%
Other debt \| Other Debt Obligations
Debt Instrument [Line Items]
Interest rate	5.75%		5.75%
Total debt	$ 8		$ 8

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Millions	Sep. 28, 2024 USD ($)
Debt Instrument [Line Items]
Percentage of principal amount of total debt borrowed at floating rate (percent)	31%
Senior secured term loan facility
Debt Instrument [Line Items]
Debt instrument, fixed interest, current principal amount	$ 450

Debt - ABL Facility (Detail)

Debt - ABL Facility (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
Debt - ABL Facility (Detail) - USD ($) $ in Millions	Sep. 28, 2024	Sep. 28, 2024	Dec. 30, 2023
Debt Instrument [Line Items]
Borrowings under facility	$ 4,789	$ 4,789	$ 4,674
ABL Facility \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable interest rate	0.10%
ABL Facility \| Secured Overnight Financing Rate (SOFR) \| Minimum
Debt Instrument [Line Items]
Basis spread on variable interest rate		1%
ABL Facility \| Secured Overnight Financing Rate (SOFR) \| Maximum
Debt Instrument [Line Items]
Basis spread on variable interest rate		1.50%
Revolving Credit Facility \| ABL Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 2,300	$ 2,300
Borrowings under facility	75	75	$ 0
Letters of credit, outstanding amount	578	578
Available capacity in credit facility	$ 1,647	$ 1,647
Revolving Credit Facility \| ABL Facility \| ABR
Debt Instrument [Line Items]
Basis spread on variable interest rate		0%
Revolving Credit Facility \| ABL Facility \| ABR \| Minimum
Debt Instrument [Line Items]
Basis spread on variable interest rate		0%
Revolving Credit Facility \| ABL Facility \| ABR \| Maximum
Debt Instrument [Line Items]
Basis spread on variable interest rate		0.50%
Revolving Credit Facility \| ABL Facility \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable interest rate		1%

Debt - Term Loan Agreement (Det

Debt - Term Loan Agreement (Detail) - USD ($) $ in Millions		9 Months Ended
Debt - Term Loan Agreement (Detail) - USD ($) $ in Millions	Aug. 22, 2023	Sep. 28, 2024	Feb. 27, 2024	Dec. 30, 2023
Debt Instrument [Line Items]
Cap interest rate		5%
Borrowings under facility		$ 4,789		$ 4,674
2019 Term Loan Facility \| Senior secured term loan facility
Debt Instrument [Line Items]
Borrowings under facility		1,101		1,105
Unamortized deferred financing costs		$ 8		11
2019 Term Loan Facility \| One-month SOFR \| Senior secured term loan facility
Debt Instrument [Line Items]
Basis spread on variable interest rate		0.11448%
2019 Term Loan Facility \| Three-month SOFR \| Senior secured term loan facility
Debt Instrument [Line Items]
Basis spread on variable interest rate		0.26161%
2019 Term Loan Facility \| Six-month SOFR \| Senior secured term loan facility
Debt Instrument [Line Items]
Basis spread on variable interest rate		0.42826%
2019 Term Loan Facility \| Interest Rate Floor \| Senior secured term loan facility
Debt Instrument [Line Items]
Basis spread on variable interest rate		0%
2019 Term Loan Facility \| ABR \| Senior secured term loan facility
Debt Instrument [Line Items]
Basis spread on variable interest rate		1%
2019 Term Loan Facility \| Secured Overnight Financing Rate (SOFR) \| Senior secured term loan facility
Debt Instrument [Line Items]
Basis spread on variable interest rate		2%
2021 Term Loan Facility \| Senior secured term loan facility
Debt Instrument [Line Items]
Borrowings under facility		$ 719		718
Unamortized deferred financing costs		$ 2	$ 3	$ 3
Third-party costs	$ 1
Write off unamortized deferred financing costs	$ 1
2021 Term Loan Facility \| ABR \| Senior secured term loan facility
Debt Instrument [Line Items]
Basis spread on variable interest rate	1.50%	1%
2021 Term Loan Facility \| Secured Overnight Financing Rate (SOFR) \| Senior secured term loan facility
Debt Instrument [Line Items]
Basis spread on variable interest rate	2.50%	2%

Debt - Senior Secured Notes due

Debt - Senior Secured Notes due 2028 (Detail) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Debt Instrument [Line Items]
Borrowings under facility	$ 4,789	$ 4,674
Senior Notes due 2028 \| Senior notes
Debt Instrument [Line Items]
Borrowings under facility	496	$ 495
Deferred financing costs	$ 4
Interest rate	6.88%

Debt - Unsecured Senior Notes d

Debt - Unsecured Senior Notes due 2029 (Detail) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Debt Instrument [Line Items]
Borrowings under facility	$ 4,789	$ 4,674
Senior Notes due 2029 \| Senior notes
Debt Instrument [Line Items]
Borrowings under facility	895	894
Unamortized deferred financing costs	$ 5	$ 6
Interest rate	4.75%

Debt - Unsecured Senior Notes_2

Debt - Unsecured Senior Notes due 2030 (Detail) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Debt Instrument [Line Items]
Borrowings under facility	$ 4,789	$ 4,674
Senior Notes due 2030 \| Senior notes
Debt Instrument [Line Items]
Borrowings under facility	497	496
Unamortized deferred financing costs	$ 3	$ 4
Interest rate	4.63%

Debt - Senior Secured Notes d_2

Debt - Senior Secured Notes due 2032 (Detail) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Debt Instrument [Line Items]
Borrowings under facility	$ 4,789	$ 4,674
Senior Notes due 2032 \| Senior notes
Debt Instrument [Line Items]
Borrowings under facility	496	$ 495
Deferred financing costs	$ 4
Interest rate	7.25%

Debt - Restrictive Covenants (D

Debt - Restrictive Covenants (Detail) $ in Billions	Sep. 28, 2024 USD ($)
Debt Disclosure [Abstract]
Restricted payment capacity	$ 2.3
Restricted assets	$ 2.3

Restructuring Liabilities - Add

Restructuring Liabilities - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended				9 Months Ended
	Sep. 28, 2024	Jun. 29, 2024	Mar. 30, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Dec. 30, 2023
Restructuring and Related Activities [Abstract]
Current period activity	$ 9	$ (1)	$ 13	$ 3	$ 21	$ 3
Restructuring Reserve	$ 9	$ 12	$ 15		$ 9		$ 7

Restructuring Liabilities - Sum

Restructuring Liabilities - Summary of Changes in Restructuring Liabilities (Details) - USD ($) $ in Millions	3 Months Ended				9 Months Ended
	Sep. 28, 2024	Jun. 29, 2024	Mar. 30, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Restructuring Reserve [Roll Forward]
Beginning balance	$ 12	$ 15	$ 7		$ 7
Current period activity	9	(1)	13	$ 3	21	$ 3
Payments, net	(12)	(2)	(5)
Ending balance	$ 9	$ 12	$ 15		$ 9

Retirement Plans - Components o

Retirement Plans - Components of Net Periodic Benefit Costs (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Retirement Benefits [Abstract]
Service cost	$ 0	$ 0	$ 1	$ 1
Interest cost	5	10	15	29
Expected return on plan assets	(5)	(12)	(15)	(36)
Amortization of net loss	1	1	4	3
Net periodic pension benefit costs (credits)	$ 1	$ (1)	$ 5	$ (3)

Retirement Plans - Additional I

Retirement Plans - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Retirement Benefits [Abstract]
Employer matching contribution	$ 21	$ 16	$ 63	$ 48
Multiemployer plan contributions	$ 15	$ 14	$ 44	$ 42

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 28, 2024	Jun. 29, 2024	Mar. 30, 2024	Sep. 30, 2023	Jul. 01, 2023	Apr. 01, 2023	Sep. 28, 2024	Jun. 01, 2024	Nov. 02, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock repurchase program, authorized amount								$ 1,000	$ 500
Remaining authorized repurchase amount	$ 398						$ 398
Common stock repurchased	$ 580	$ 41	$ 13	$ 29	$ 166	$ 34	$ 634
Stock repurchased during period (in shares)	10,399,672						11,433,047
Excise tax on common stock repurchases	$ 6				$ 2		$ 7
Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities (in shares)	1,000,000			1,000,000

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended						9 Months Ended
	Sep. 28, 2024	Jun. 29, 2024	Mar. 30, 2024	Sep. 30, 2023	Jul. 01, 2023	Apr. 01, 2023	Sep. 28, 2024	Sep. 30, 2023
Numerator:
Net income	$ 148	$ 198	$ 82	$ 95	$ 182	$ 82	$ 428	$ 359
Series A convertible preferred stock dividends	0			0			0	(7)
Net income available to common shareholders	$ 148			$ 95			$ 428	$ 352
Denominator:
Weighted-average common shares outstanding—basic	241			247			244	237
Effect of dilutive share-based awards	3			2			3	3
Effect of dilutive underlying shares of the Series A Preferred Stock (1)	0			0			0	11
Weighted-average common shares outstanding—diluted	244			249			247	251
EPS basic (in dollars per share)	$ 0.61			$ 0.38			$ 1.75	$ 1.49
EPS diluted (in dollars per share)	$ 0.61			$ 0.38			$ 1.74	$ 1.43

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 5,011	$ 4,604	$ 4,749	$ 3,961
Balance at end of period	4,606	4,692	4,606	4,692
Retirement benefit obligations
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(113)	(72)	(116)	(73)
Total before income tax	1	1	4	2
Other Comprehensive Income (Loss), Tax	0	0	0	0
Current period comprehensive income, net of tax	1	1	4	2
Balance at end of period	(112)	(71)	(112)	(71)
Amortization of net loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Amortization of net loss	1	1	4	2
Interest rate swap
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	1	1	1	0
Change in fair value of interest rate caps	0	0	0	1
Total before income tax	0	1	0	1
Other Comprehensive Income (Loss), Tax	0	0	0	0
Current period comprehensive income, net of tax	0	1	0	1
Balance at end of period	1	1	1	1
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	(112)	(71)	(115)	(73)
Balance at end of period	$ (111)	$ (70)	$ (111)	$ (70)

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
FMR LLC \| Long-term Debt \| 2021 Term Loan Facility
Related Party Transaction [Line Items]
Debt, principal amount	$ 2	$ 2

Income Taxes (Detail)

Income Taxes (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Income Taxes (Detail) - USD ($) $ in Millions	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Effective tax rate (percent)	26%	27%	23%	25%
Federal corporate income tax rate (percent)	21%	21%	21%	21%
Tax provision adjustment	$ 1		$ 17
Tax benefit related to excess tax benefits associated with share-based compensation	$ 1		8	$ 6
Prior year income tax adjustment			$ 3	$ 4

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	Sep. 28, 2024 USD ($)
Unrecorded Unconditional Purchase Obligation [Line Items]
Purchase commitments	$ 1,200
Purchase orders and contract commitments
Unrecorded Unconditional Purchase Obligation [Line Items]
Purchase commitments	1,160
Information technology commitments
Unrecorded Unconditional Purchase Obligation [Line Items]
Purchase commitments	93
Diesel fuel
Unrecorded Unconditional Purchase Obligation [Line Items]
Purchase commitments	37
Electricity
Unrecorded Unconditional Purchase Obligation [Line Items]
Purchase commitments	$ 4

Commitments and Contingencies_2

Commitments and Contingencies - Summary of Future Minimum Purchase Agreement Payments (Detail) $ in Millions	Sep. 28, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 132
2025	946
2026	158
2027	0
2028	0
2029	$ 0

Business Information (Detail)

Business Information (Detail)	9 Months Ended
Business Information (Detail)	Sep. 28, 2024 segment
Segment Reporting [Abstract]
Number of business segments	1

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	1 Months Ended		3 Months Ended							9 Months Ended
Subsequent Events (Details) $ in Millions	Nov. 04, 2024 USD ($) shares	Oct. 31, 2024 USD ($)	Dec. 28, 2024 USD ($)	Sep. 28, 2024 USD ($) shares	Jun. 29, 2024 USD ($)	Mar. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jul. 01, 2023 USD ($)	Apr. 01, 2023 USD ($)	Sep. 28, 2024 USD ($) shares	Oct. 03, 2024 USD ($) tranche
Subsequent Event [Line Items]
Stock repurchased during period (in shares) \| shares				10,399,672						11,433,047
Common stock repurchased				$ 580	$ 41	$ 13	$ 29	$ 166	$ 34	$ 634
Remaining authorized repurchase amount				$ 398						$ 398
Subsequent Event
Subsequent Event [Line Items]
Stock repurchased during period (in shares) \| shares	2,592,612
Common stock repurchased	$ 160
Remaining authorized repurchase amount	$ 238
Subsequent Event \| Pension Plan
Subsequent Event [Line Items]
Settlement charge		$ 414
Special termination benefits		$ 254
Subsequent Event \| Pension Plan \| Forecast
Subsequent Event [Line Items]
Settlement charge			$ 124
Subsequent Event \| 2024 Term Loan Facility \| First Tranche
Subsequent Event [Line Items]
Debt instrument original amount											$ 725
Debt Issuance Costs, Net											13
Subsequent Event \| Amended 2021 Incremental Term Loan Facility \| Second Tranche
Subsequent Event [Line Items]
Debt instrument original amount											610
Subsequent Event \| Unsecured Senior Notes Due April 2033 \| Senior notes
Subsequent Event [Line Items]
Debt instrument original amount											$ 500
Interest rate											5.75%
Subsequent Event \| Amended 2021 Incremental Term Loan Facility \| Senior secured term loan facility
Subsequent Event [Line Items]
Number of tranches \| tranche											2