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INCOME TAXES (Tables)

12 Months Ended

Dec. 29, 2024

Income Tax Disclosure [Abstract]

Schedule of (Loss) Income before Income Taxes by Region

Loss before income taxes summarized by region was as follows:

In millions			2024						2023						2022
United States			$	(1,834)					$	(1,735)					$	(4,942)
Foreign			655						618						606
Total loss before income taxes			$	(1,179)					$	(1,117)					$	(4,336)

Schedule of Provision for Income Taxes

The provision for income taxes consisted of the following:

In millions			2024						2023						2022
Current:
Federal			$	6					$	(5)					$	(11)
State			18						6						27
Foreign			137						77						75
Total current provision			161						78						91
Deferred:
Federal			(59)						(13)						40
State			(56)						(26)						(47)
Foreign			(2)						5						(16)
Total deferred benefit			(117)						(34)						(23)
Total tax provision			$	44					$	44					$	68

Schedule of Reconciliation of Provision for (Loss) Income Taxes to Amount Computed by Applying the Federal Statutory Rate

The provision for income taxes reconciles to the amount computed by applying the federal statutory rate to loss before income taxes as follows:

In millions			2024						2023						2022
Tax at federal statutory rate			$	(248)					$	(235)					$	(911)
State, net of federal benefit			(38)						(16)						(9)
Research and other credits			(32)						(42)						(46)
Change in valuation allowance			29						48						62
Impact of R&D expense capitalization			52						86						87
Impact of net operating losses on GILTI, U.S. foreign tax credits, and Pillar Two global minimum top-up tax			90						61						60
Impact of foreign operations			3						(50)						(81)
Stock compensation			16						31						20
Accrual of European Commission fine			(99)						3						96
Goodwill impairment			308						149						822
Impact of acquisition related items			(46)						8						(27)
Other			9						1						(5)
Total tax provision			$	44					$	44					$	68

Schedule of Significant Components of Deferred Tax Assets and Liabilities

Significant components of deferred tax assets and liabilities were as follows:

In millions			December 29, 2024						December 31, 2023
Deferred tax assets:
Net operating losses			$	189					$	392
Tax credits			252						211
Other accruals and reserves			40						49
Stock compensation			34						15
Capitalized U.S. R&D expenses			181						158
Other amortization			42						115
Operating lease liabilities			112						146
Property and equipment			17						4
Investments			23						7
Other			63						56
Total gross deferred tax assets			953						1,153
Valuation allowance on deferred tax assets			(278)						(251)
Total deferred tax assets			675						902
Deferred tax liabilities:
Purchased intangible amortization			(35)						(734)
Operating lease right-of-use assets			(57)						(88)
Other			(25)						(25)
Total deferred tax liabilities			(117)						(847)
Deferred tax assets, net			$	558					$	55

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the gross amount of our uncertain tax positions:

In millions			December 29, 2024						December 31, 2023						January 1, 2023
Balance at beginning of year			$	210					$	153					$	131
Increases related to prior year tax positions			2						27						12
Decreases related to prior year tax positions			(2)						(2)						(3)
Increases related to current year tax positions			23						42						42
Decreases related to lapse of statute of limitations			(1)						(10)						(29)
Balance at end of year			$	232					$	210					$	153

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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