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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 27, 2025
Dec. 28, 2024
Dec. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ (392) $ (3,090) $ (27)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation of property and equipment 74 62 39
Share-based compensation 277 279 252
Amortization of intangible assets 443 444 474
Goodwill impairment 0 2,695  
Exchange rate differences on cash and cash equivalents (17) 2 5
Deferred income taxes (15) (101) (14)
Interest with related party, net     16
(Gains) losses on equity and debt investments, net (1) (3)  
Other 9   1
Changes in operating assets and liabilities:      
Decrease (increase) in trade accounts receivable 81 124 (88)
Decrease (increase) in other current assets (16) 15 8
Decrease (increase) in inventories 89 (24) (278)
Decrease (increase) in other long - term assets (13) (11) (3)
Increase (decrease) in accounts payable, accrued expenses and related party payable 26 (29) 10
Increase (decrease) in employee-related accrued expenses and long-term benefits 52 25 (1)
Increase (decrease) in other current liabilities (5) 6 (7)
Increase (decrease) in other long-term liabilities 10 6 7
Net cash provided by operating activities 602 400 394
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of property and equipment (79) (81) (98)
Purchases of debt and equity investments (106) (62)  
Maturities and sales of debt and equity investments 94 23  
Net cash used in investing activities (91) (120) (98)
CASH FLOWS FROM FINANCING ACTIVITIES      
Share-based compensation recharge (6) (66) (100)
Repurchase of common stock from Parent (100)    
Net cash used in financing activities (106) (66) (100)
Effect of foreign exchange rate changes on cash and cash equivalents 17 (2) (5)
Increase in cash, cash equivalents and restricted cash 422 212 191
Balance of cash, cash equivalents and restricted cash, at beginning of year 1,438 1,226 1,035
Balance of cash, cash equivalents and restricted cash, at end of year 1,860 1,438 1,226
Supplementary non-cash investing and financing activities:      
Non-cash purchase of property and equipment 21 9 17
Tax sharing agreement with Parent (3) $ (34) 3
Conversion of Class B common stock to Class A common stock $ 1    
Supplemental cash flow information:      
Interest received from related party     $ 16