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Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended
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Jun. 28, 2026
Equity [Abstract] |
Components of Accumulated Other Comprehensive Income | The following tables summarize the changes in the accumulated balances for each component of Accumulated other comprehensive loss during the fiscal three and six months ended June 28, 2026 and June 29, 2025:
(Dollars in Millions) |  | Foreign Currency Translation |  | Employee Benefit Plans |  | Gain (Loss) on Derivatives and Hedges(1) |  |  |  | Total Accumulated Other Comprehensive Loss
March 29, 2026 |  | $ | (5,094) |  |  | $ | (124) |  |  | $ | 12 |  |  |  |  | $ | (5,206) |
Other comprehensive (loss) income before reclassifications |  | (136) |  |  | 1 |  |  | (15) |  |  |  |  | (150) |
Amounts reclassified to the Condensed Consolidated Statement of Operations |  | — |  |  | 2 |  |  | — |  |  |  |  | 2 |
Net current period Other comprehensive (loss) income |  | (136) |  |  | 3 |  |  | (15) |  |  |  |  | (148) |
June 28, 2026 |  | $ | (5,230) |  |  | $ | (121) |  |  | $ | (3) |  |  |  |  | $ | (5,354) |
March 30, 2025 |  | $ | (5,588) |  |  | $ | (133) |  |  | $ | 22 |  |  |  |  | $ | (5,699) |
Other comprehensive income (loss) before reclassifications |  | 613 |  | (6) |  | 37 |  |  |  |  | 644 |
Amounts reclassified to the Condensed Consolidated Statement of Operations |  | — |  |  | 1 |  |  | (18) |  |  |  |  | (17) |
Net current period Other comprehensive income (loss) |  | 613 |  |  | (5) |  |  | 19 |  |  |  |  | 627 |
June 29, 2025 |  | $ | (4,975) |  |  | $ | (138) |  |  | $ | 41 |  |  |  |  | $ | (5,072) |
(1) For the fiscal three months ended June 28, 2026 and June 29, 2025, the Company recorded a total after-tax change in Accumulated other comprehensive loss of $(15) million and $19 million, respectively, related to its cash flow hedge portfolio.
(Dollars in Millions) |  | Foreign Currency Translation |  | Employee Benefit Plans |  | Gain (Loss) on Derivatives and Hedges(1) |  |  |  | Total Accumulated Other Comprehensive Loss
December 28, 2025 |  | $ | (4,862) |  |  | $ | (125) |  |  | $ | 28 |  |  |  |  | $ | (4,959) |
Other comprehensive (loss) income before reclassifications |  | (368) |  |  | 2 |  |  | (25) |  |  |  |  | (391) |
Amounts reclassified to the Condensed Consolidated Statement of Operations |  | — |  |  | 2 |  |  | (6) |  |  |  |  | (4) |
Net current period Other comprehensive (loss) income |  | (368) |  |  | 4 |  |  | (31) |  |  |  |  | (395) |
June 28, 2026 |  | $ | (5,230) |  |  | $ | (121) |  |  | $ | (3) |  |  |  |  | $ | (5,354) |
December 29, 2024 |  | $ | (6,040) |  |  | $ | (130) |  |  | $ | 24 |  |  |  |  | $ | (6,146) |
Other comprehensive income (loss) before reclassifications |  | 1,065 |  |  | (10) |  |  | 32 |  |  |  |  | 1,087 |
Amounts reclassified to the Condensed Consolidated Statement of Operations |  | — |  |  | 2 |  |  | (15) |  |  |  |  | (13) |
Net current period Other comprehensive income (loss) |  | 1,065 |  |  | (8) |  |  | 17 |  |  |  |  | 1,074 |
June 29, 2025 |  | $ | (4,975) |  |  | $ | (138) |  |  | $ | 41 |  |  |  |  | $ | (5,072) |
(1) For the fiscal six months ended June 28, 2026 and June 29, 2025, the Company recorded a total after-tax change in Accumulated other comprehensive loss of $(31) million and $17 million, respectively, related to its cash flow hedge portfolio. The provision (benefit) for taxes allocated to the components of Accumulated other comprehensive loss before reclassification for the fiscal three and six months ended June 28, 2026 and June 29, 2025 was as follows:
|  | Fiscal Three Months Ended |  |  |  |  |  |  |  |  |  |  |  |  |  | Fiscal Six Months Ended
(Dollars in Millions) |  | June 28, 2026 |  | June 29, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  | June 28, 2026 |  | June 29, 2025 |  |
Foreign currency translation |  | $ | 5 |  |  | $ | (14) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 15 |  |  | $ | (23) |  |  |
Employee benefit plans |  | 1 |  |  | (4) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |  | (4) |  |  |
Gain (loss) on derivatives and hedges |  | (3) |  |  | 7 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6) |  |  | 6 |  |  |
Total provision (benefit) for taxes recognized in Accumulated other comprehensive loss |  | $ | 3 |  |  | $ | (11) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 10 |  |  | $ | (21) |  |  |

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