KVUE · 10-Q · 2026Q2 · Full report

Liquidity and Debt Position

Kenvue Inc. · 2026-08-06 · Importance 49 · Surprise 6 · In source text

Kenvue held $1.110 billion of cash and cash equivalents as of June 28, 2026, while total debt was $8.480 billion. Liquidity included a $4.0 billion revolving credit facility expiring in March 2029 and a $4.0 billion authorized commercial-paper program, with no revolving-facility borrowings and $1.403 billion of commercial paper outstanding. Senior Notes outstanding totaled $6.940 billion net of $60 million of discounts and issuance costs, and cash increased $48 million from December 28, 2025.

Key facts

• Primary sources of liquidity include Cash and cash equivalents of $1,110 million as of June 28, 2026, borrowing capacity under a revolving credit facility of $4.0 billion which expires in March 2029, and authorized commercial paper program issuance of $4.0 billion. source
• Net cash flows used in financing activities for the fiscal six months ended June 28, 2026 were primarily driven by $796 million of dividends paid and the $750 million repayment of the 5.35% Senior Notes due 2026, partially offset by $680 million of net proceeds from our commercial paper program. source
• Net cash flows used in financing activities for the fiscal six months ended June 29, 2025 were primarily driven by $785 million of dividends paid, the $750 million repayment of the 5.50% Senior Notes due 2025, and $127 million of payments made to purchase treasury stock, partially offset by $746 million of net proceeds from the issuance of the 4.85% Senior Notes due 2032. source
• On February 24, 2025, we filed a registration statement on Form S-3 with the SEC under which, from time to time, we may sell securities. source
• Net cash flows used in financing activities were $882 million and $858 million for the fiscal six months ended June 28, 2026 and June 29, 2025, respectively, an increase of $24 million. source
• As of June 28, 2026, total debt was $8,480 million. source
• As of June 28, 2026, we had $6,940 million of Senior Notes outstanding, net of related discounts and debt issuance costs of $60 million, no amounts outstanding under our revolving credit facility, and $1,403 million of outstanding balances under our commercial paper program, net of a related discount of $2 million. source
• Cash and cash equivalents held by our foreign subsidiaries was $1,089 million and $1,020 million as of June 28, 2026 and December 28, 2025, respectively. source

Impact estimates