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Accumulated Other Comprehensive Income/(Losses) (Notes) | 3 Months Ended
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Mar. 28, 2026
Equity [Abstract] |
Accumulated Other Comprehensive Income/(Losses) | Accumulated Other Comprehensive Income/(Losses) The components of, and changes in, accumulated other comprehensive income/(losses), net of tax, were as follows (in millions):
| Foreign Currency Translation Adjustments |  | Net Postemployment Benefit Plan Adjustments |  | Net Cash Flow Hedge Adjustments |  | Net Fair Value Hedges |  |  |  | Total
Balance as of December 27, 2025 | $ | (2,301) |  |  | $ | (61) |  |  | $ | (2) |  |  | $ | (6) |  |  |  |  | $ | (2,370) |
Foreign currency translation adjustments | (122) |  |  | — |  |  | — |  |  | — |  |  |  |  | (122) |
Net deferred gains/(losses) on net investment hedges | 67 |  |  | — |  |  | — |  |  | — |  |  |  |  | 67 |
Amounts excluded from the effectiveness assessment of net investment hedges | 3 |  |  | — |  |  | — |  |  | — |  |  |  |  | 3 |
Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss) | (6) |  |  | — |  |  | — |  |  | — |  |  |  |  | (6) |
Net deferred gains/(losses) on cash flow hedges | — |  |  | — |  |  | 10 |  |  | — |  |  |  |  | 10 |
Amounts excluded from the effectiveness assessment of cash flow hedges | — |  |  | — |  |  | (1) |  |  | — |  |  |  |  | (1) |
Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss) | — |  |  | — |  |  | 2 |  |  | — |  |  |  |  | 2 |
Amounts excluded from the effectiveness assessment of fair value hedges | — |  |  | — |  |  | — |  |  | 7 |  |  |  |  | 7 |
Net deferred losses/(gains) on fair value hedges reclassified to net income/(loss) | — |  |  | — |  |  | — |  |  | (3) |  |  |  |  | (3) |
Net actuarial gains/(losses) arising during the period | — |  |  | 3 |  |  | — |  |  | — |  |  |  |  | 3 |
Net postemployment benefit losses/(gains) reclassified to net income/(loss) | — |  |  | (38) |  |  | — |  |  | — |  |  |  |  | (38) |
Total other comprehensive income/(loss) | (58) |  |  | (35) |  |  | 11 |  |  | 4 |  |  |  |  | (78) |
Balance as of March 28, 2026 | $ | (2,359) |  |  | $ | (96) |  |  | $ | 9 |  |  | $ | (2) |  |  |  |  | $ | (2,448) |
The gross amount and related tax benefit/(expense) recorded in, and associated with, each component of other comprehensive income/(loss) were as follows (in millions):
| For the Three Months Ended
| March 28, 2026 |  | March 29, 2025
| Before Tax Amount |  | Tax |  | Net of Tax Amount |  | Before Tax Amount |  | Tax |  | Net of Tax Amount
Foreign currency translation adjustments | $ | (122) |  |  | $ | — |  |  | $ | (122) |  |  | $ | 309 |  |  | $ | — |  |  | $ | 309 |
Net deferred gains/(losses) on net investment hedges | 89 |  |  | (22) |  |  | 67 |  |  | (79) |  |  | 19 |  |  | (60) |
Amounts excluded from the effectiveness assessment of net investment hedges | 4 |  |  | (1) |  |  | 3 |  |  | 9 |  |  | (2) |  |  | 7 |
Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss) | (8) |  |  | 2 |  |  | (6) |  |  | (9) |  |  | 2 |  |  | (7) |
Net deferred gains/(losses) on cash flow hedges | 13 |  |  | (3) |  |  | 10 |  |  | 26 |  |  | (6) |  |  | 20 |
Amounts excluded from the effectiveness assessment of cash flow hedges | (1) |  |  | — |  |  | (1) |  |  | (1) |  |  | — |  |  | (1) |
Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss) | 2 |  |  | — |  |  | 2 |  |  | (77) |  |  | 19 |  |  | (58) |
Amounts excluded from the effectiveness assessment of fair value hedges | 8 |  |  | (1) |  |  | 7 |  |  | 26 |  |  | (7) |  |  | 19 |
Net deferred losses/(gains) on fair value hedges reclassified to net income/(loss) | (4) |  |  | 1 |  |  | (3) |  |  | (3) |  |  | 1 |  |  | (2) |
Net deferred gains/(losses) on available-for-sale debt securities | — |  |  | — |  |  | — |  |  | (1) |  |  | — |  |  | (1) |
Net actuarial gains/(losses) arising during the period | 4 |  |  | (1) |  |  | 3 |  |  | — |  |  | — |  |  | — |
Net postemployment benefit losses/(gains) reclassified to net income/(loss) | (50) |  |  | 12 |  |  | (38) |  |  | (5) |  |  | 1 |  |  | (4) |
The amounts reclassified from accumulated other comprehensive income/(losses) were as follows (in millions):
Accumulated Other Comprehensive Income/(Losses) Component |  | Reclassified from Accumulated Other Comprehensive Income/(Losses) to Net Income/(Loss) |  | Affected Line Item in the Statements of Income
|  | For the Three Months Ended |  |  |  |
|  | March 28, 2026 |  | March 29, 2025 |  |  |  |  |  |
Losses/(gains) on net investment hedges: |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts(a) |  | $ | (1) |  |  | $ | — |  |  |  |  |  |  | Interest expense
Cross-currency contracts(a) |  | (7) |  |  | (9) |  |  |  |  |  |  | Interest expense
Losses/(gains) on cash flow hedges: |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts(a) (b) |  | 3 |  |  | (9) |  |  |  |  |  |  | Cost of products sold
Cross-currency contracts(a) (b) |  | (1) |  |  | (74) |  |  |  |  |  |  | Other expense/(income)
Cross-currency contracts(a) (b) |  | — |  |  | 6 |  |  |  |  |  |  | Interest expense
Losses/(gains) on fair value hedges: |  |  |  |  |  |  |  |  |  |
Cross-currency contracts(a) |  | (4) |  |  | (3) |  |  |  |  |  |  | Other expense/(income)
Losses/(gains) on hedges before income taxes |  | (10) |  |  | (89) |  |  |  |  |  |  |
Losses/(gains) on hedges, income taxes |  | 3 |  |  | 22 |  |  |  |  |  |  |
Losses/(gains) on hedges |  | $ | (7) |  |  | $ | (67) |  |  |  |  |  |  |
Losses/(gains) on postemployment benefits: |  |  |  |  |  |  |  |  |  |
Amortization of unrecognized losses/(gains)(c) |  | $ | (3) |  |  | $ | (3) |  |  |  |  |  |  |
Amortization of prior service costs/(credits)(c) |  | (2) |  |  | (2) |  |  |  |  |  |  |
Settlement and curtailment losses/(gains)(c) |  | (45) |  |  | — |  |  |  |  |  |  |
Losses/(gains) on postemployment benefits before income taxes |  | (50) |  |  | (5) |  |  |  |  |  |  |
Losses/(gains) on postemployment benefits, income taxes |  | 12 |  |  | 1 |  |  |  |  |  |  |
Losses/(gains) on postemployment benefits |  | $ | (38) |  |  | $ | (4) |  |  |  |  |  |  |
(a) Represents recognition of the excluded component in net income/(loss) following a systematic and rational approach. (b) Includes the effective portion of the related hedges. (c) These components are included in the computation of net periodic postemployment benefit costs. See Note 10, Postemployment Benefits, for additional information. In this note we have excluded activity and balances related to noncontrolling interest due to their insignificance. This activity was primarily related to foreign currency translation adjustments.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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