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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Millions, $ in Millions
Common Stock
Additional paid-in capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Total
Beginning balance (in shares) at Dec. 31, 2022 802        
Beginning balance at Dec. 31, 2022 $ 9 $ 14,737 $ (9) $ 57 $ 14,794
Net income (loss)       (27) (27)
Other comprehensive income (loss), net     9   9
Tax sharing agreement with Parent   (3)     (3)
Share-based compensation expense   252     252
Recharge to Parent for Share-based compensation   (100)     (100)
Issuance of common stock under employee share-based compensation plans (in shares) 4        
Ending balance (in shares) at Dec. 30, 2023 806        
Ending balance at Dec. 30, 2023 $ 8 14,886   30 14,924
Net income (loss)       (3,090) (3,090)
Other comprehensive income (loss), net     2   2
Tax sharing agreement with Parent   34     34
Share-based compensation expense   279     279
Recharge to Parent for Share-based compensation   (62)     (62)
Issuance of common stock under employee share-based compensation plans (in shares) 6        
Ending balance (in shares) at Dec. 28, 2024 812        
Ending balance at Dec. 28, 2024 $ 8 15,137 2 (3,060) 12,087
Net income (loss)       (392) (392)
Other comprehensive income (loss), net     15   15
Tax sharing agreement with Parent   3     3
Share-based compensation expense   277     277
Recharge to Parent for Share-based compensation   (9)     (9)
Issuance of common stock under employee share-based compensation plans (in shares) 9        
Repurchase of common stock from Parent   (100)     (100)
Repurchase of common stock from Parent (in shares) (6)        
Ending balance (in shares) at Dec. 27, 2025 815        
Ending balance at Dec. 27, 2025 $ 8 $ 15,308 $ 17 $ (3,452) $ 11,881