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Restructuring Expenses and Operating Model Optimization Initiatives (Tables) | 6 Months Ended
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Jun. 28, 2026
Restructuring and Related Activities [Abstract] |
Restructuring and Related Costs | The following table summarizes the classification of pre-tax restructuring expenses and other charges incurred related to the 2024 Multi-Year Restructuring Initiative during the fiscal three and six months ended June 29, 2025:
|  |  | Fiscal Three Months Ended |  |  | Fiscal Six Months Ended
(Dollars in Millions) |  |  |  | June 29, 2025 |  |  |  | June 29, 2025 |  |
Restructuring expenses |  |  |  | $ | 60 |  |  |  |  | $ | 120 |  |  |
Cost of sales |  |  |  | 6 |  |  |  |  | 12 |  |  |
Selling, general, and administrative expenses |  |  |  | 2 |  |  |  |  | 3 |  |  |
Total pre-tax restructuring expenses and other charges |  |  |  | $ | 68 |  |  |  |  | $ | 135 |  |  |
The following table summarizes the classification of pre-tax restructuring expenses and other charges incurred related to the 2026 Restructuring Initiative during the fiscal three and six months ended June 28, 2026:
|  | Fiscal Three Months Ended |  | Fiscal Six Months Ended
(Dollars in Millions) |  | June 28, 2026 |  |  |  | June 28, 2026 |  |  |  |
Restructuring expenses |  | $ | 59 |  |  |  |  | $ | 130 |  |  |  |  |
Cost of sales |  | 9 |  |  |  |  | 14 |  |  |  |  |
Selling, general, and administrative expenses |  | 1 |  |  |  |  | 3 |  |  |  |  |
Total pre-tax restructuring expenses and other charges |  | $ | 69 |  |  |  |  | $ | 147 |  |  |  |  |
The following table summarizes the pre-tax restructuring expenses and other charges incurred by cost type related to the 2026 Restructuring Initiative during the fiscal three and six months ended June 28, 2026, which also represents inception-to-date through June 28, 2026:
|  | Fiscal Three Months Ended |  | Fiscal Six Months Ended |  |
(Dollars in Millions) |  | June 28, 2026 |  |  |  | June 28, 2026 |  |  |  |  |
Employee-related costs(1) |  | $ | 29 |  |  |  |  | $ | 77 |  |  |  |  |  |  |
Information technology and project-related costs(2) |  | 40 |  |  |  |  | 70 |  |  |  |  |  |  |
Total pre-tax restructuring expenses and other charges |  | $ | 69 |  |  |  |  | $ | 147 |  |  |  |  |  |  |
(1) Employee-related costs primarily include severance and other termination benefits. (2) Information technology and project-related costs primarily include advisory costs to operationalize the initiative.
Schedule of Restructuring Reserve | The following table summarizes the activity related to accrued restructuring expenses and other charges for the 2026 Restructuring Initiative during the fiscal six months ended June 28, 2026:
(Dollars in Millions) |  |  |  |  |  | Employee-Related Costs(1) |  | Information Technology and Project-Related Costs(2) |  |  |  | Total Accrued Costs
December 28, 2025 |  |  |  |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | — |
Charges to earnings |  |  |  |  |  | 77 |  |  | 70 |  |  |  |  | 147 |
Cash payments |  |  |  |  |  | (43) |  |  | (43) |  |  |  |  | (86) |
Non-cash charges |  |  |  |  |  | — |  |  | (2) |  |  |  |  | (2) |
June 28, 2026 |  |  |  |  |  | $ | 34 |  |  | $ | 25 |  |  |  |  | $ | 59 |
(1) Employee-related costs primarily include severance and other termination benefits. (2) Information technology and project-related costs primarily include advisory costs to operationalize the initiative.

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 + Details
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