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Pensions (Tables)

12 Months Ended

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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