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Pensions (Tables) | 12 Months Ended
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Dec. 28, 2025
Retirement Benefits [Abstract] |
Components of Net Periodic Benefit Cost | Net periodic benefit costs for the Plans sponsored by the Company for the fiscal twelve months ended December 28, 2025, December 29, 2024, and December 31, 2023 included the following components:
|  |  |  | Fiscal Twelve Months Ended
(Dollars in Millions) |  |  |  |  |  | December 28, 2025 |  | December 29, 2024 |  | December 31, 2023
Service cost |  |  |  |  |  | $ | 32 |  |  | $ | 30 |  |  | $ | 21 |
Interest cost |  |  |  |  |  | 28 |  |  | 28 |  |  | 26 |
Amortization of loss (gain) |  |  |  |  |  | 7 |  |  | 3 |  |  | (2) |
Special events(1) |  |  |  |  |  | 8 |  |  | 6 |  |  | 10 |
Expected return on plan assets |  |  |  |  |  | (35) |  |  | (34) |  |  | (25) |
Total net periodic benefit cost |  |  |  |  |  | $ | 40 |  |  | $ | 33 |  |  | $ | 30 |
(1) During the fiscal twelve months ended December 28, 2025 and December 29, 2024, the Company recognized settlement losses of $8 million and $6 million, respectively, associated with global workforce reductions in connection with the 2024 Multi-Year Restructuring Initiative (as defined in Note 19, “Restructuring Expenses and Operating Model Optimization Initiatives”). During the fiscal twelve months ended December 31, 2023, the Company converted a defined benefit plan to a defined contribution plan, which resulted in a settlement loss of $14 million, partially offset by a curtailment gain of $4 million.
Defined Benefit Plan, Assumptions | The following table provides the weighted-average actuarial assumptions related to the Plans sponsored by the Company for the fiscal twelve months ended December 28, 2025, December 29, 2024, and December 31, 2023:
|  |  |  |  |  | Fiscal Twelve Months Ended
|  |  |  |  |  | December 28, 2025 |  | December 29, 2024 |  | December 31, 2023
Net Periodic Benefit Cost |  |  |  |  |  |  |  |  |  |
Service cost discount rate |  |  |  |  |  | 2.5 | % |  | 2.6 | % |  | 3.4 | %
Interest cost discount rate |  |  |  |  |  | 3.7 | % |  | 3.6 | % |  | 4.6 | %
Rate of increase in compensation levels |  |  |  |  |  | 3.3 | % |  | 3.3 | % |  | 3.3 | %
Expected long-term rate of return on plan assets |  |  |  |  |  | 6.0 | % |  | 5.5 | % |  | 5.5 | %
Benefit Obligation |  |  |  |  |  |  |  |  |  |
Discount rate |  |  |  |  |  | 4.1 | % |  | 3.8 | % |  | 3.6 | %
Rate of increase in compensation tables |  |  |  |  |  | 3.3 | % |  | 3.3 | % |  | 3.3 | %
Schedule of Net Funded Status | The following table sets forth information related to the benefit obligation and the fair value of plan assets for the fiscal twelve months ended December 28, 2025 and December 29, 2024 for the Plans sponsored by the Company:
|  |  |  |  |  | Fiscal Twelve Months Ended
(Dollars in Millions) |  |  |  |  |  | December 28, 2025 |  | December 29, 2024
Change in Benefit Obligation |  |  |  |  |  |  |  |
Projected benefit obligation—beginning of fiscal year |  |  |  |  |  | $ | 786 |  |  | $ | 829 |
Service cost |  |  |  |  |  | 32 |  |  | 30 |
Interest cost |  |  |  |  |  | 28 |  |  | 28 |
Actuarial gain(1) |  |  |  |  |  | (26) |  |  | (39) |
Plan participants’ contributions |  |  |  |  |  | 7 |  |  | 6 |
Curtailments, settlements, and restructuring |  |  |  |  |  | (41) |  |  | (39) |
Benefits paid from plan assets |  |  |  |  |  | (18) |  |  | (15) |
Effect of exchange rates |  |  |  |  |  | 80 |  |  | (42) |
Other |  |  |  |  |  | (16) |  |  | 28 |
Projected benefit obligation—end of fiscal year |  |  |  |  |  | $ | 832 |  |  | $ | 786 |
Change in Plan Assets |  |  |  |  |  |  |  |
Plan assets at fair value—beginning of fiscal year |  |  |  |  |  | $ | 526 |  |  | $ | 535 |
Company contributions |  |  |  |  |  | 28 |  |  | 31 |
Plan participants’ contributions |  |  |  |  |  | 7 |  |  | 6 |
Benefits paid from plan assets |  |  |  |  |  | (18) |  |  | (15) |
Actual return on plan assets |  |  |  |  |  | 22 |  |  | 21 |
Curtailments, settlements, and restructuring |  |  |  |  |  | (41) |  |  | (29) |
Effect of exchange rates |  |  |  |  |  | 48 |  |  | (23) |
Plan assets at fair value—end of fiscal year |  |  |  |  |  | $ | 572 |  |  | $ | 526 |
Funded status—end of fiscal year |  |  |  |  |  | $ | (260) |  |  | $ | (260) |
Amounts recognized on the Consolidated Balance Sheets consist of the following: |  |  |  |  |  |  |  |
Other assets |  |  |  |  |  | $ | 86 |  |  | $ | 84 |
Accrued liabilities |  |  |  |  |  | (11) |  |  | (9) |
Employee-related obligations |  |  |  |  |  | (335) |  |  | (335) |
Total recognized on the Consolidated Balance Sheets—end of fiscal year |  |  |  |  |  | $ | (260) |  |  | $ | (260) |
Amounts recognized in Accumulated other comprehensive loss consist of the following: |  |  |  |  |  |  |  |
Net actuarial loss |  |  |  |  |  | $ | 159 |  |  | $ | 170 |
Prior service cost |  |  |  |  |  | (1) |  |  | (5) |
Total before tax effects |  |  |  |  |  | $ | 158 |  |  | $ | 165 |
Accumulated benefit obligations—end of fiscal year |  |  |  |  |  | $ | 746 |  |  | $ | 686 |
(1) The actuarial gain in the fiscal twelve months ended December 28, 2025 and December 29, 2024 were both primarily related to an increase in the discount rate. The amounts recognized in net periodic benefit cost and Other comprehensive income (loss) related to the Plans sponsored by the Company for the fiscal twelve months ended December 28, 2025, December 29, 2024, and December 31, 2023 were as follows:
|  |  |  |  |  | Fiscal Twelve Months Ended
(Dollars in Millions) |  |  |  |  |  | December 28, 2025 |  | December 29, 2024 |  | December 31, 2023
Net periodic benefit cost |  |  |  |  |  | $ | 40 |  |  | $ | 33 |  |  | $ | 30 |
Net actuarial (gain) loss |  |  |  |  |  | (8) |  |  | (36) |  |  | 118 |
Amortization of net actuarial (gain) loss |  |  |  |  |  | (14) |  |  | (9) |  |  | 4 |
Effect of exchange rates |  |  |  |  |  | 15 |  |  | (7) |  |  | 9 |
Total (income) loss recognized in Other comprehensive income (loss), before tax |  |  |  |  |  | (7) |  |  | (52) |  |  | 131 |
Total recognized in net periodic benefit cost and Other comprehensive income (loss) |  |  |  |  |  | $ | 33 |  |  | $ | (19) |  |  | $ | 161 |
Schedule of Expected Benefit Payments | The schedule of projected future benefit payments from the Plans sponsored by the Company for the ten succeeding fiscal years is as follows:
(Dollars in Millions) |  |  |  |  |  |  |  |  |  |
2026 |  | 2027 |  | 2028 |  | 2029 |  | 2030 |  | 2031-2035
$ | 40 |  |  | $ | 39 |  |  | $ | 41 |  |  | $ | 42 |  |  | $ | 45 |  |  | $ | 261 |
Schedule of Allocation of Plan Assets | The asset allocation as of December 28, 2025 and December 29, 2024 and target allocations for 2026 related to the Plans sponsored by the Company are as follows:
|  |  |  |  |  | Percent of Plan Assets |  | Target Allocation
|  |  |  |  |  | December 28, 2025 |  | December 29, 2024 |  | 2026
Debt instruments |  |  |  |  |  | 8 | % |  | 49 | % |  | 8 | %
Equity securities |  |  |  |  |  | 14 |  |  | 14 |  |  | 13 |
Buy-in annuity policies |  |  |  |  |  | 45 |  |  | — |  |  | 45 |
Other assets |  |  |  |  |  | 33 |  |  | 37 |  |  | 34 |
Total plan assets |  |  |  |  |  | 100 | % |  | 100 | % |  | 100 | %
Schedule of Defined Benefit Plans Disclosures | The following tables set forth the Plans’ investments measured at fair value as of December 28, 2025 and December 29, 2024:
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Assets Measured at NAV |  | Total Assets
(Dollars in Millions) |  | December 28, 2025
Debt instruments |  | $ | — |  |  | $ | 11 |  |  | $ | — |  |  | $ | — |  |  | $ | 11 |
Equity securities |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Buy-in annuity policies |  | — |  |  | — |  |  | 256 |  |  | — |  |  | 256 |
Other assets |  | 80 |  |  | — |  |  | 175 |  |  | — |  |  | 255 |
Commingled funds |  | — |  |  | 41 |  |  | — |  |  | 8 |  |  | 49 |
Total investments at fair value |  | $ | 81 |  |  | $ | 52 |  |  | $ | 431 |  |  | $ | 8 |  |  | $ | 572 |
|  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)(1) |  | Assets Measured at NAV |  | Total Assets
(Dollars in Millions) |  | December 29, 2024
Debt instruments |  | $ | — |  |  | $ | 223 |  |  | $ | — |  |  | $ | — |  |  | $ | 223 |
Equity securities |  | 8 |  |  | — |  |  | — |  |  | — |  |  | 8 |
Other assets |  | 44 |  |  | — |  |  | 151 |  |  | — |  |  | 195 |
Commingled funds |  | — |  |  | 92 |  |  | — |  |  | 8 |  |  | 100 |
Total investments at fair value |  | $ | 52 |  |  | $ | 315 |  |  | $ | 151 |  |  | $ | 8 |  |  | $ | 526 |
(1) The activity of the Level 3 other assets was not significant.
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets | The changes in plan assets valued using significant unobservable inputs (Level 3) were as follows for the fiscal twelve months ended December 28, 2025:
|  |  |  |  |  | Buy-in Annuity Policy Contract Plan Assets |  | Other Assets
|  |  |  |  |  | Fiscal Twelve Months Ended
(Dollars in Millions) |  |  |  |  |  | December 28, 2025
Fair value of plan assets, beginning of fiscal year |  |  |  |  |  | $ | — |  |  |  |  | $ | 151 |  |  |
Net realized and unrealized gains |  |  |  |  |  | — |  |  |  |  | 9 |  |  |
Net purchases, issuances, and settlements(1) |  |  |  |  |  | 250 |  |  |  |  | (7) |  |  |
Currency translation |  |  |  |  |  | 6 |  |  |  |  | 22 |  |  |
Fair value of plan assets, end of fiscal year |  |  |  |  |  | $ | 256 |  |  |  |  | $ | 175 |  |  |
(1) Net purchases, issuances, and settlements primarily related to the purchase of the UK Pension Plan buy-in annuity policy.

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