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Restructuring Expenses and Operating Model Optimization Initiatives (Tables)

9 Months Ended

Sep. 28, 2025

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The following table summarizes the classification of pre-tax restructuring expenses and other charges incurred related to the 2024 Multi-Year Restructuring Initiative during the fiscal three and nine months ended September 28, 2025 and September 29, 2024:

						Fiscal Three Months Ended												Fiscal Nine Months Ended
(Dollars in Millions)						September 28, 2025						September 29, 2024						September 28, 2025						September 29, 2024
Restructuring expenses						$	84					$	31					$	204					$	120
Cost of sales						8						4						20						19
Selling, general, and administrative expenses						5						3						8						7
Total pre-tax restructuring expenses and other charges						$	97					$	38					$	232					$	146

The following table summarizes the pre-tax restructuring expenses and other charges incurred by cost type related to the 2024 Multi-Year Restructuring Initiative during the fiscal three and nine months ended September 28, 2025 and September 29, 2024 and inception-to-date through September 28, 2025:

						Fiscal Three Months Ended												Fiscal Nine Months Ended															Inception-To-Date Through September 28, 2025
(Dollars in Millions)						September 28, 2025						September 29, 2024						September 28, 2025						September 29, 2024
Employee-related costs(1)						$	32					$	17					$	78					$	81											$	184
Information technology and project-related costs(2)						60						18						147						49												246
Other implementation costs(3)						5						3						7						16												23
Total pre-tax restructuring expenses and other charges						$	97					$	38					$	232					$	146											$	453

(1) Employee-related costs primarily include severance and other termination benefits.

(2) Information technology and project-related costs primarily include advisory costs to operationalize the initiative.

(3) Other implementation costs primarily include costs to terminate contracts, impairments of assets, and other associated costs to exit.

Schedule of Restructuring Reserve

The following table summarizes the activity related to accrued restructuring expenses and other charges for the 2024 Multi-Year Restructuring Initiative during the fiscal nine months ended September 28, 2025:

(Dollars in Millions)																		Employee-Related Costs(1)						Information Technology and Project-Related Costs(2)						Other Implementation Costs(3)						Total Accrued Costs
December 29, 2024																		$	25					$	65					$	3					$	93
Charges to earnings																		78						147						7						232
Cash payments																		(69)						(141)						(4)						(214)
Non-cash charges																		—						—						(4)						(4)
September 28, 2025																		$	34					$	71					$	2					$	107

(1) Employee-related costs primarily include severance and other termination benefits.

(2) Information technology and project-related costs primarily include advisory costs to operationalize the initiative.

(3) Other implementation costs primarily include costs to terminate contracts, impairments of assets, and other associated costs to exit.

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-Publisher FASB
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
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-Section 50
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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

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-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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