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Accumulated Other Comprehensive Loss | 12 Months Ended
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Dec. 28, 2025
Equity [Abstract] |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss The following table summarizes the changes in the accumulated balances for each component of Accumulated other comprehensive loss during the fiscal twelve months ended December 28, 2025, December 29, 2024, and December 31, 2023:
(Dollars in Millions) |  | Foreign Currency Translation |  | Employee Benefit Plans(1) |  | Gain on Derivatives and Hedges(2) |  |  |  | Total Accumulated Other Comprehensive Loss
January 1, 2023 |  | $ | (5,476) |  |  | $ | 12 |  |  | $ | 9 |  |  |  |  | $ | (5,455) |
Other comprehensive income (loss) before reclassifications |  | 219 |  |  | (181) |  |  | 66 |  |  |  |  | 104 |
Amounts reclassified to the Consolidated Statement of Operations |  | — |  |  | 2 |  |  | (28) |  |  |  |  | (26) |
Net current period Other comprehensive income (loss) |  | 219 |  |  | (179) |  |  | 38 |  |  |  |  | 78 |
December 31, 2023 |  | (5,257) |  |  | (167) |  |  | 47 |  |  |  |  | (5,377) |
Other comprehensive (loss) income before reclassifications |  | (783) |  |  | 29 |  |  | (6) |  |  |  |  | (760) |
Amounts reclassified to the Consolidated Statement of Operations |  | — |  |  | 8 |  |  | (17) |  |  |  |  | (9) |
Net current period Other comprehensive (loss) income |  | (783) |  |  | 37 |  |  | (23) |  |  |  |  | (769) |
December 29, 2024 |  | (6,040) |  |  | (130) |  |  | 24 |  |  |  |  | (6,146) |
Other comprehensive income (loss) before reclassifications |  | 1,178 |  |  | (9) |  |  | 27 |  |  |  |  | 1,196 |
Amounts reclassified to the Consolidated Statement of Operations |  | — |  |  | 14 |  |  | (23) |  |  |  |  | (9) |
Net current period Other comprehensive income |  | 1,178 |  |  | 5 |  |  | 4 |  |  |  |  | 1,187 |
December 28, 2025 |  | $ | (4,862) |  |  | $ | (125) |  |  | $ | 28 |  |  |  |  | $ | (4,959) |
(1) Net change for the fiscal twelve months ended December 31, 2023 includes Separation adjustments of $77 million in connection with transfers of certain pension plans by J&J to the Company. (2) For the fiscal twelve months ended December 28, 2025, December 29, 2024, and December 31, 2023, the Company recorded a total after-tax change in Accumulated other comprehensive loss of $4 million, $(23) million, and $38 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 Consolidated Statements of Comprehensive Income. The provision (benefit) for taxes allocated to the components of Accumulated other comprehensive loss before reclassification for the fiscal twelve months ended December 28, 2025, December 29, 2024, and December 31, 2023 was as follows:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Fiscal Twelve Months Ended
(Dollars in Millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | December 28, 2025 |  | December 29, 2024 |  | December 31, 2023
Foreign currency translation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (13) |  |  | $ | (6) |  |  | $ | (12) |
Employee benefit plans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 |  |  | 14 |  |  | 50 |
The provision (benefit) for taxes allocated to gain on derivatives and hedges before reclassifications was $4 million and $11 million for the fiscal twelve months ended December 28, 2025 and December 29, 2024, respectively. The provision (benefit) for taxes allocated to gain on derivatives and hedges before reclassifications was not significant for the fiscal twelve months ended December 31, 2023. The provision (benefit) for taxes allocated to the reclassifications from Accumulated other comprehensive loss to the Consolidated Statements of Operations was not significant for the fiscal twelve months ended December 28, 2025, December 29, 2024, and December 31, 2023.

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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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