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Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended
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Sep. 28, 2025
Equity [Abstract] |
Components of Accumulated Other Comprehensive Income | 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. 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) |  |  |

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
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