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Risk Management (Tables)

9 Months Ended

Sep. 27, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Largest Net Notional Amounts of the Positions to Buy or Sell Foreign Currency

The following table shows the five largest net notional amounts of the positions to buy or sell foreign currency as of September 27, 2025, and the corresponding positions as of December 31, 2024: 

			Notional Amount
Net Buy (Sell) by Currency			September 27, 2025						December 31, 2024
Euro			$	190					$	150
British Pound			179						124
Australian dollar			(147)						(136)
Canadian dollar			68						70
Brazilian Real			(50)						(23)

Summary of Fair Values and Location In Condensed Consolidated Balance Sheet, Derivative Financial Instruments

The following tables summarize the fair values and locations in the Condensed Consolidated Balance Sheets of all derivative financial instruments held by the Company as of September 27, 2025 and December 31, 2024:

			Fair Values of Derivative Instruments
September 27, 2025			Other Current Assets						Accrued Liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts			$	—					$	20
Derivatives not designated as hedging instruments:
Foreign exchange contracts			$	—					$	3
Equity swap contracts			1						—
Total derivatives			$	1					$	23

			Fair Values of Derivative Instruments
December 31, 2024			Other Current Assets						Accrued Liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts			$	7					$	—
Derivatives not designated as hedging instruments:
Foreign exchange contracts			$	3					$	9
Equity swap contracts			—						1
Total derivatives			$	10					$	10

Summary of Derivative Instruments and the Effect on the Condensed Consolidated Statements of Operations

The following table summarizes the effect of derivatives on the Company's condensed consolidated financial statements for the three and nine months ended September 27, 2025 and September 28, 2024:

			Financial Statement Location			Three Months Ended												Nine Months Ended
Derivatives						September 27, 2025						September 28, 2024						September 27, 2025						September 28, 2024
Derivatives designated as hedging instruments:
Foreign exchange contracts			Accumulated other comprehensive income (loss)			$	(1)					$	(9)					$	(24)					$	3
Amortized hedge income			Other income (expense)			2						—						4						1
Treasury rate lock			Accumulated other comprehensive income (loss)			—						—						—						4
Derivatives not designated as hedging instruments:
Foreign exchange contracts			Other income (expense)			$	(6)					$	22					$	41					$	7
Equity swap contracts			Selling, general and administrative expenses			2						1						1						3

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

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-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4CC
-Publisher FASB
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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
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-Section 55
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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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