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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Income Statement [Abstract]        
Net revenue $ 1,589 $ 1,602 $ 3,075 $ 3,151
Cost of goods sold 1,142 1,166 2,228 2,295
Gross profit 447 436 847 856
Operating expenses:        
Research and development expenses 21 29 46 56
Selling, general and administrative expenses 280 242 511 486
Intangible asset amortization 13 10 22 19
Restructuring, impairment and extinguishment costs, net 11 2 18 4
Total operating expenses 325 283 597 565
Income from operations 122 153 250 291
Other expenses, net 48 42 90 82
Interest expense, net 15 17 28 34
Income before taxes 59 94 132 175
Provision for income taxes 29 44 59 68
Net income $ 30 $ 50 $ 73 $ 107
Earnings per common share:        
Basic (in dollars per share) $ 0.19 $ 0.34 $ 0.49 $ 0.73
Diluted (in dollars per share) $ 0.19 $ 0.34 $ 0.48 $ 0.72
Weighted average common shares outstanding:        
Basic (in share) 146 147 146 147
Diluted (in share) 149 149 148 149