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Borrowings (Tables) | 6 Months Ended
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Jun. 28, 2026
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | The components of the Company’s debt as of June 28, 2026 and December 28, 2025 were as follows:
(Dollars in Millions) |  |  |  |  |  |  |  | June 28, 2026 |  | December 28, 2025
Senior Notes(1) |  |  |  |  |  |  |  |  |  |
5.35% Senior Notes due 2026 |  |  |  |  |  |  |  | $ | — |  |  | $ | 750 |
5.05% Senior Notes due 2028 |  |  |  |  |  |  |  | 1,000 |  |  | 1,000 |
5.00% Senior Notes due 2030 |  |  |  |  |  |  |  | 1,000 |  |  | 1,000 |
4.85% Senior Notes due 2032 |  |  |  |  |  |  |  | 750 |  |  | 750 |
4.90% Senior Notes due 2033 |  |  |  |  |  |  |  | 1,250 |  |  | 1,250 |
5.10% Senior Notes due 2043 |  |  |  |  |  |  |  | 750 |  |  | 750 |
5.05% Senior Notes due 2053 |  |  |  |  |  |  |  | 1,500 |  |  | 1,500 |
5.20% Senior Notes due 2063 |  |  |  |  |  |  |  | 750 |  |  | 750 |
Other(2) |  |  |  |  |  |  |  | 134 |  |  | 134 |
Discounts and debt issuance costs |  |  |  |  |  |  |  | (60) |  |  | (63) |
Total |  |  |  |  |  |  |  | 7,074 |  |  | 7,821 |
Less: Current portion of long-term debt—principal amount, net of discounts and debt issuance costs |  |  |  |  |  |  |  | — |  |  | (750) |
Total long-term debt |  |  |  |  |  |  |  | 7,074 |  |  | 7,071 |
Current portion of long-term debt—principal amount |  |  |  |  |  |  |  | — |  |  | 750 |
Commercial paper |  |  |  |  |  |  |  | 1,405 |  |  | 700 |
Discounts and debt issuance costs |  |  |  |  |  |  |  | (2) |  |  | (2) |
Other |  |  |  |  |  |  |  | 3 |  |  | 5 |
Total loans and notes payable |  |  |  |  |  |  |  | 1,406 |  |  | 1,453 |
Total debt |  |  |  |  |  |  |  | $ | 8,480 |  |  | $ | 8,524 |
(1) On May 22, 2025, the Company issued a series of senior unsecured notes maturing in 2032 in an aggregate principal amount of $750 million. These notes, collectively with the series of senior unsecured notes issued on March 22, 2023, are referred to as the “Senior Notes.” (2) Other consists primarily of finance lease liabilities.
Interest Income and Interest Expense Disclosure | The amount included in Interest expense, net in the Condensed Consolidated Statements of Operations for the fiscal three and six months ended June 28, 2026 and June 29, 2025 consisted of the following:
|  | Fiscal Three Months Ended |  | Fiscal Six Months Ended
(Dollars in Millions) |  | June 28, 2026 |  | June 29, 2025 |  | June 28, 2026 |  | June 29, 2025
Interest expense |  | $ | 103 |  |  | $ | 107 |  |  | $ | 209 |  |  | $ | 214 |
Interest income |  | (13) |  |  | (13) |  |  | (24) |  |  | (26) |
Total interest expense, net |  | $ | 90 |  |  | $ | 94 |  |  | $ | 185 |  |  | $ | 188 |

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