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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Treasury Stock
Beginning Balance (in shares) at Dec. 31, 2023   199        
Beginning balance at Dec. 31, 2023 $ 5,745 $ 2 $ 9,555 $ (1) $ (19) $ (3,792)
Beginning balance (in shares) at Dec. 31, 2023           (40)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (126)       (126)  
Unrealized gain (loss) on cash flow hedges, net of deferred tax 13     13    
Issuance of common stock, net of repurchases 35   36     $ (1)
Share-based compensation 67   67      
Ending Balance (in shares) at Mar. 31, 2024   199        
Ending balance at Mar. 31, 2024 5,734 $ 2 9,658 12 (145) $ (3,793)
Ending balance (in shares) at Mar. 31, 2024           (40)
Beginning Balance (in shares) at Dec. 31, 2023   199        
Beginning balance at Dec. 31, 2023 5,745 $ 2 9,555 (1) (19) $ (3,792)
Beginning balance (in shares) at Dec. 31, 2023           (40)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (1,410)          
Unrealized gain (loss) on cash flow hedges, net of deferred tax (4)          
Ending Balance (in shares) at Sep. 29, 2024   199        
Ending balance at Sep. 29, 2024 2,125 $ 2 7,449 (5) (1,428) $ (3,893)
Ending balance (in shares) at Sep. 29, 2024           (41)
Beginning Balance (in shares) at Mar. 31, 2024   199        
Beginning balance at Mar. 31, 2024 5,734 $ 2 9,658 12 (145) $ (3,793)
Beginning balance (in shares) at Mar. 31, 2024           (40)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income (1,988)       (1,988)  
Unrealized gain (loss) on cash flow hedges, net of deferred tax 2     2    
Issuance of common stock, net of repurchases (1)         $ (1)
Share-based compensation 88   88      
Spin-Off of GRAIL (2,399)   (2,399)      
Ending Balance (in shares) at Jun. 30, 2024   199        
Ending balance at Jun. 30, 2024 1,436 $ 2 7,347 14 (2,133) $ (3,794)
Ending balance (in shares) at Jun. 30, 2024           (40)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 705       705  
Unrealized gain (loss) on cash flow hedges, net of deferred tax (19)     (19)    
Issuance of common stock, net of repurchases (in shares)           (1)
Issuance of common stock, net of repurchases (80)   19     $ (99)
Share-based compensation 83   83      
Ending Balance (in shares) at Sep. 29, 2024   199        
Ending balance at Sep. 29, 2024 2,125 $ 2 7,449 (5) (1,428) $ (3,893)
Ending balance (in shares) at Sep. 29, 2024           (41)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 186       186  
Unrealized gain (loss) on cash flow hedges, net of deferred tax 27     27    
Issuance of common stock, net of repurchases (in shares)   1        
Issuance of common stock, net of repurchases (45)   (4)     $ (41)
Share-based compensation 80   80      
Ending Balance (in shares) at Dec. 29, 2024   200        
Ending balance at Dec. 29, 2024 2,373 $ 2 7,525 22 (1,242) $ (3,934)
Ending balance (in shares) at Dec. 29, 2024           (41)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 131       131  
Unrealized gain (loss) on cash flow hedges, net of deferred tax (14)     (14)    
Issuance of common stock, net of repurchases (in shares)   1       (1)
Issuance of common stock, net of repurchases (195)   10     $ (205)
Share-based compensation 73   73      
Ending Balance (in shares) at Mar. 30, 2025   201        
Ending balance at Mar. 30, 2025 2,368 $ 2 7,608 8 (1,111) $ (4,139)
Ending balance (in shares) at Mar. 30, 2025           (42)
Beginning Balance (in shares) at Dec. 29, 2024   200        
Beginning balance at Dec. 29, 2024 2,373 $ 2 7,525 22 (1,242) $ (3,934)
Beginning balance (in shares) at Dec. 29, 2024           (41)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 516          
Unrealized gain (loss) on cash flow hedges, net of deferred tax (34)          
Ending Balance (in shares) at Sep. 28, 2025   201        
Ending balance at Sep. 28, 2025 2,381 $ 2 7,762 (12) (726) $ (4,645)
Ending balance (in shares) at Sep. 28, 2025           (48)
Beginning Balance (in shares) at Mar. 30, 2025   201        
Beginning balance at Mar. 30, 2025 2,368 $ 2 7,608 8 (1,111) $ (4,139)
Beginning balance (in shares) at Mar. 30, 2025           (42)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 235       235  
Unrealized gain (loss) on cash flow hedges, net of deferred tax (29)     (29)    
Issuance of common stock, net of repurchases (in shares)           (5)
Issuance of common stock, net of repurchases (385)   (1)     $ (384)
Share-based compensation 69   69      
Ending Balance (in shares) at Jun. 29, 2025   201        
Ending balance at Jun. 29, 2025 2,258 $ 2 7,676 (21) (876) $ (4,523)
Ending balance (in shares) at Jun. 29, 2025           (47)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net (loss) income 150       150  
Unrealized gain (loss) on cash flow hedges, net of deferred tax $ 9     9    
Issuance of common stock, net of repurchases (in shares) (1)          
Issuance of common stock, net of repurchases $ (106)   16     $ (122)
Share-based compensation 70   70      
Ending Balance (in shares) at Sep. 28, 2025   201        
Ending balance at Sep. 28, 2025 $ 2,381 $ 2 $ 7,762 $ (12) $ (726) $ (4,645)
Ending balance (in shares) at Sep. 28, 2025           (48)