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Investments
6 Months Ended
Jun. 28, 2025
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
The carrying value of the Company’s long-term investments, which are included in Other long-term assets on the Consolidated Balance Sheets, was $100 million and $110 million as of June 28, 2025 and December 31, 2024, respectively.

The Company did not make any payments for the purchase of long-term investments during the six months ended June 28, 2025. During the six months ended June 29, 2024, the Company paid $3 million for the purchase of long-term investments. Net gains and losses related to the Company’s long-term investments are included within Other expense, net on the Consolidated Statements of Operations. The Company recognized net losses of $10 million and $6 million during the three and six months ended June 28, 2025 and June 29, 2024, respectively.