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Accumulated Other Comprehensive Loss | 9 Months Ended
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Sep. 28, 2025
Equity [Abstract] |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss The following tables summarize the changes in the accumulated balances for each component of Accumulated other comprehensive loss during the fiscal three and nine months ended September 28, 2025 and September 29, 2024:
(Dollars in Millions) |  | Foreign Currency Translation |  | Employee Benefit Plans |  | Gain on Derivatives and Hedges(1) |  |  |  | Total Accumulated Other Comprehensive Loss
June 29, 2025 |  | $ | (4,975) |  |  | $ | (138) |  |  | $ | 41 |  |  |  |  | $ | (5,072) |
Other comprehensive (loss) income before reclassifications |  | (65) |  |  | — |  |  | 9 |  |  |  |  | (56) |
Amounts reclassified to the Condensed Consolidated Statement of Operations |  | — |  |  | 7 |  |  | (9) |  |  |  |  | (2) |
Net current period Other comprehensive (loss) income |  | (65) |  |  | 7 |  |  | — |  |  |  |  | (58) |
September 28, 2025 |  | $ | (5,040) |  |  | $ | (131) |  |  | $ | 41 |  |  |  |  | $ | (5,130) |
June 30, 2024 |  | $ | (5,689) |  |  | $ | (161) |  |  | $ | 15 |  |  |  |  | $ | (5,835) |
Other comprehensive income (loss) before reclassifications |  | 473 |  | (8) |  | 12 |  |  |  |  | 477 |
Amounts reclassified to the Condensed Consolidated Statement of Operations |  | — |  |  | 1 |  |  | (2) |  |  |  |  | (1) |
Net current period Other comprehensive income (loss) |  | 473 |  |  | (7) |  |  | 10 |  |  |  |  | 476 |
September 29, 2024 |  | $ | (5,216) |  |  | $ | (168) |  |  | $ | 25 |  |  |  |  | $ | (5,359) |
(1) For the fiscal three months ended September 28, 2025 and September 29, 2024, the Company recorded a total after-tax change in Accumulated other comprehensive loss of $0 million and $11 million, respectively, related to its cash flow hedge portfolio.
(Dollars in Millions) |  | Foreign Currency Translation |  | Employee Benefit Plans |  | Gain on Derivatives and Hedges(1) |  |  |  | Total Accumulated Other Comprehensive Loss
December 29, 2024 |  | $ | (6,040) |  |  | $ | (130) |  |  | $ | 24 |  |  |  |  | $ | (6,146) |
Other comprehensive income (loss) before reclassifications |  | 1,000 |  |  | (10) |  |  | 41 |  |  |  |  | 1,031 |
Amounts reclassified to the Condensed Consolidated Statement of Operations |  | — |  |  | 9 |  |  | (24) |  |  |  |  | (15) |
Net current period Other comprehensive income (loss) |  | 1,000 |  |  | (1) |  |  | 17 |  |  |  |  | 1,016 |
September 28, 2025 |  | $ | (5,040) |  |  | $ | (131) |  |  | $ | 41 |  |  |  |  | $ | (5,130) |
December 31, 2023 |  | $ | (5,257) |  |  | $ | (167) |  |  | $ | 47 |  |  |  |  | $ | (5,377) |
Other comprehensive income (loss) before reclassifications |  | 41 |  |  | (4) |  |  | (12) |  |  |  |  | 25 |
Amounts reclassified to the Condensed Consolidated Statement of Operations |  | — |  |  | 3 |  |  | (10) |  |  |  |  | (7) |
Net current period Other comprehensive income (loss) |  | 41 |  |  | (1) |  |  | (22) |  |  |  |  | 18 |
September 29, 2024 |  | $ | (5,216) |  |  | $ | (168) |  |  | $ | 25 |  |  |  |  | $ | (5,359) |
(1) For the fiscal nine months ended September 28, 2025 and September 29, 2024, the Company recorded a total after-tax change in Accumulated other comprehensive loss of $17 million and $(22) million, respectively, related to its cash flow hedge portfolio. Amounts in Accumulated other comprehensive loss are presented net of the related tax impact. Foreign currency translation is not adjusted for income taxes where it relates to permanent investments in international operations. For additional details on comprehensive income, see the Condensed Consolidated Statements of Comprehensive Income. The provision (benefit) for taxes allocated to the components of Accumulated other comprehensive loss before reclassification for the fiscal three and nine months ended September 28, 2025 and September 29, 2024 was as follows:
|  | Fiscal Three Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |  | Fiscal Nine Months Ended
(Dollars in Millions) |  | September 28, 2025 |  | September 29, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  | September 28, 2025 |  | September 29, 2024 |  |
Foreign currency translation |  | $ | 8 |  |  | $ | (7) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (15) |  |  | $ | (12) |  |  |
Employee benefit plans |  | 1 |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3) |  |  | — |  |  |
Gain on derivatives and hedges |  | 2 |  |  | — |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8 |  |  | 11 |  |  |
Total provision (benefit) for taxes recognized in Accumulated other comprehensive loss |  | $ | 11 |  |  | $ | (7) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (10) |  |  | $ | (1) |  |  |
The provision (benefit) for taxes allocated to the reclassifications from Accumulated other comprehensive loss to the Condensed Consolidated Statements of Operations was not significant for the fiscal three and nine months ended September 28, 2025 and September 29, 2024.

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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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