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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 28, 2025
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following fair value hierarchy table presents the components and classification of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 28, 2025 and December 29, 2024:
|  |  |  |  |  | December 28, 2025 |  | December 29, 2024
(Dollars in Millions) |  |  |  |  |  | Carrying Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Carrying Value |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward foreign exchange contracts |  |  |  |  |  | $ | 73 |  |  | $ | — |  |  | $ | 73 |  |  | $ | — |  |  | $ | 81 |  |  | $ | — |  |  | $ | 81 |  |  | $ | — |
Cross currency swap contracts |  |  |  |  |  | 20 |  |  | — |  |  | 20 |  |  | — |  |  | 71 |  |  | — |  |  | 71 |  |  | — |
Total assets |  |  |  |  |  | $ | 93 |  |  | $ | — |  |  | $ | 93 |  |  | $ | — |  |  | $ | 152 |  |  | $ | — |  |  | $ | 152 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward foreign exchange contracts |  |  |  |  |  | $ | (63) |  |  | $ | — |  |  | $ | (63) |  |  | $ | — |  |  | $ | (76) |  |  | $ | — |  |  | $ | (76) |  |  | $ | — |
Cross currency swap contracts |  |  |  |  |  | (111) |  |  | — |  |  | (111) |  |  | — |  |  | (1) |  |  | — |  |  | (1) |  |  | — |
Total liabilities |  |  |  |  |  | $ | (174) |  |  | $ | — |  |  | $ | (174) |  |  | $ | — |  |  | $ | (77) |  |  | $ | — |  |  | $ | (77) |  |  | $ | — |
Net amount presented in Prepaid expenses and other receivables: |  |  |  |  |  | $ | 22 |  |  | $ | — |  |  | $ | 22 |  |  | $ | — |  |  | $ | 52 |  |  | $ | — |  |  | $ | 52 |  |  | $ | — |
Net amount presented in Accounts payable: |  |  |  |  |  | $ | (59) |  |  | $ | — |  |  | $ | (59) |  |  | $ | — |  |  | $ | (13) |  |  | $ | — |  |  | $ | (13) |  |  | $ | — |
Net amount presented in Other assets: |  |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 36 |  |  | $ | — |  |  | $ | 36 |  |  | $ | — |
Net amount presented in Other liabilities: |  |  |  |  |  | $ | (44) |  |  | $ | — |  |  | $ | (44) |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Schedule of Notional Amounts of Outstanding Derivative Instruments | The following table sets forth the notional amounts of the Company’s outstanding derivative instruments as of December 28, 2025 and December 29, 2024:
|  |  |  |  |  | December 28, 2025 |  | December 29, 2024
(Dollars in Millions) |  |  |  |  |  | Forward Foreign Exchange Contracts |  |  |  | Cross Currency Swap Contracts |  | Total Notional Amount |  | Forward Foreign Exchange Contracts |  |  |  | Cross Currency Swap Contracts |  | Total Notional Amount
Cash flow hedges |  |  |  |  |  | $ | 3,422 |  |  |  |  | $ | — |  |  | $ | 3,422 |  |  | $ | 3,570 |  |  |  |  | $ | — |  |  | $ | 3,570 |
Fair value hedges |  |  |  |  |  | $ | 296 |  |  |  |  | $ | — |  |  | $ | 296 |  |  | $ | 30 |  |  |  |  | $ | — |  |  | $ | 30 |
Net investment hedges |  |  |  |  |  | $ | — |  |  |  |  | $ | 2,000 |  |  | $ | 2,000 |  |  | $ | — |  |  |  |  | $ | 1,900 |  |  | $ | 1,900 |
Undesignated hedging instruments |  |  |  |  |  | $ | 502 |  |  |  |  | $ | — |  |  | $ | 502 |  |  | $ | 574 |  |  |  |  | $ | — |  |  | $ | 574 |
Summary of Derivative Activity | The following table summarizes the gains and losses recognized on forward foreign exchange contracts designated as cash flow hedges within Other comprehensive income (loss) and the gains and losses reclassified into earnings for the fiscal twelve months ended December 28, 2025, December 29, 2024, and December 31, 2023:
|  | Fiscal Twelve Months Ended
(Dollars in Millions) |  | December 28, 2025 |  | December 29, 2024 |  | December 31, 2023 |
Gain recognized in Other comprehensive income (loss) |  | $ | 24 |  |  | $ | 5 |  |  | $ | 18 |  |
Gain reclassified from Other comprehensive income (loss) into earnings |  | $ | 21 |  |  | $ | 13 |  |  | $ | 28 |  |
The following tables summarize the gains and losses reclassified from Other comprehensive income (loss) into earnings related to the forward foreign exchange contracts designated as cash flow hedges for the fiscal twelve months ended December 28, 2025, December 29, 2024, and December 31, 2023:
|  | Fiscal Twelve Months Ended |
|  | December 28, 2025 |
(Dollars in Millions) |  | Net Sales |  | Cost of Sales |  | Other Expense, Net |
Gain reclassified from Other comprehensive income (loss) into earnings |  | $ | 1 |  |  | $ | 12 |  |  | $ | 8 |  |
|  | Fiscal Twelve Months Ended |
|  | December 29, 2024 |
(Dollars in Millions) |  | Net Sales |  | Cost of Sales |  | Other Expense, Net |
(Loss) gain reclassified from Other comprehensive income (loss) into earnings |  | $ | (1) |  |  | $ | 15 |  |  | $ | (1) |  |
|  | Fiscal Twelve Months Ended |
|  | December 31, 2023 |
(Dollars in Millions) |  | Net Sales |  | Cost of Sales |  | Other Expense, Net |
Gain (loss) reclassified from Other comprehensive income (loss) into earnings |  | $ | 1 |  |  | $ | 30 |  |  | $ | (3) |  |
The following table summarizes the gains and losses recognized within Other comprehensive income (loss) related to the cross currency swap contracts designated as net investment hedges for the fiscal twelve months ended December 28, 2025, December 29, 2024, and December 31, 2023:
|  | Fiscal Twelve Months Ended |
(Dollars in Millions) |  | December 28, 2025 |  | December 29, 2024 |  | December 31, 2023 |
(Loss) gain recognized in CTA within Other comprehensive income (loss) |  | $ | (158) |  |  | $ | 99 |  |  | $ | (25) |  |
The following table summarizes the gains and losses recognized within Other expense, net related to the undesignated forward foreign exchange contracts for the fiscal twelve months ended December 28, 2025, December 29, 2024, and December 31, 2023:
|  | Fiscal Twelve Months Ended |
(Dollars in Millions) |  | December 28, 2025 |  | December 29, 2024 |  | December 31, 2023 |
(Loss) gain recognized in Other expense, net |  | $ | (2) |  |  | $ | (7) |  |  | $ | 10 |  |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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