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Plans of Restructuring
 6 Months Ended
Jun. 28, 2025
Plans of Restructuring [Abstract]  
Plans of Restructuring
Note 10 – Plans of Restructuring
On August 6, 2024, we committed to a new restructuring plan (the “2024
 
Plan”) to integrate recent acquisitions,
right-size operations and further increase efficiencies.
 
During the three and six months ended June 28, 2025, we
recorded restructuring charges associated with the 2024 Plan of $
23
 
million and $
48
 
million, respectively, which
primarily related to severance and employee-related costs, accelerated amortization
 
of right-of-use assets and fixed
assets, and other exit costs.
 
We expect to record restructuring charges associated with the 2024 Plan through the
end of 2025; however, an estimate of the amount of these charges has not yet been determined.
On August 1, 2022, we committed to a restructuring plan (the “2022
 
Plan”) focused on funding the priorities of the
BOLD+1 strategic plan, streamlining operations and other initiatives to
 
increase efficiency.
 
The 2022 Plan has
been completed as of July 31, 2024.
 
During the three and six months ended June 29, 2024, in connection
 
with our
2022 Plan, we recorded restructuring costs of $
15
 
million and $
25
 
million, respectively, which primarily related to
severance and employee-related costs, accelerated amortization of right-of-use
 
assets and fixed assets, and other
exit costs.
 
 
Restructuring costs recorded for the three and six months ended June
 
28, 2025 and June 29, 2024 in connection
with the 2024
 
Plan and 2022 Plan, respectively, consisted of the following:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 28, 2025
Global Distribution
and Value-Added
Services
Global
Specialty
Products
Global
Technology
Corporate
Total
2024 Plan
Severance and employee-related costs
$
11
$
5
$
-
$
2
$
18
Impairment and accelerated depreciation and amortization
of right-of-use lease assets and other long-lived assets
-
2
-
-
2
Exit and other related costs
2
-
-
-
2
Loss on disposal of a business
1
-
-
-
1
Restructuring costs-2024 Plan
$
14
$
7
$
-
$
2
$
23
Three Months Ended June 29, 2024
Global Distribution
and Value-Added
Services
Global
Specialty
Products
Global
Technology
Corporate
Total
2022 Plan
Severance and employee-related costs
$
8
$
1
$
-
$
-
$
9
Impairment and accelerated depreciation and amortization
of right-of-use lease assets and other long-lived assets
5
-
-
-
5
Exit and other related costs
1
-
-
-
1
Restructuring costs-2022 Plan
$
14
$
1
$
-
$
-
$
15
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 28, 2025
Global Distribution
and Value-Added
Services
Global
Specialty
Products
Global
Technology
Corporate
Total
2024 Plan
Severance and employee-related costs
$
21
$
10
$
1
$
8
$
40
Impairment and accelerated depreciation and amortization
of right-of-use lease assets and other long-lived assets
1
2
-
-
3
Exit and other related costs
3
-
1
-
4
Loss on disposal of a business
1
-
-
-
1
Restructuring costs-2024 Plan
$
26
$
12
$
2
$
8
$
48
Six Months Ended June 29, 2024
Global Distribution
and Value-Added
Services
Global
Specialty
Products
Global
Technology
Corporate
Total
2022 Plan
Severance and employee-related costs
$
12
$
3
$
1
$
-
$
16
Impairment and accelerated depreciation and amortization
of right-of-use lease assets and other long-lived assets
9
-
-
(3)
6
Exit and other related costs
1
-
-
2
3
Restructuring costs-2022 Plan
$
22
$
3
$
1
$
(1)
$
25
The following table summarizes,
 
by plan year the activity related to the liabilities associated with
 
our restructuring
initiatives under the 2022 Plan and the 2024 Plan for the six months
 
ended June 28, 2025.
 
The remaining accrued
balance of restructuring costs as of June 28, 2025, which primarily relates
 
to severance and employee-related costs,
is included in accrued expenses: other within our condensed consolidated balance
 
sheets.
 
Liabilities related to
exited leased facilities are recorded within our current and non-current operating
 
lease liabilities within our
condensed consolidated balance sheets.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2022 Plan
2024 Plan
Total
Balance, December 28, 2024
 
$
12
$
28
$
40
Restructuring costs
-
48
48
Non-cash impairment, accelerated depreciation and
amortization
-
(3)
(3)
Cash payments and other adjustments
 
(8)
(31)
(39)
Balance, June 28, 2025
 
$
4
$
42
$
46