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MERGER AND RESTRUCTURING ACTIVITY (Tables) | 6 Months Ended
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Jun. 28, 2025
Merger Restructuring And Other Activity [Abstract] |
Summary of Major Components of Merger, Restructuring and Other Operating Expenses, Net | The table below summarizes the major components of Merger and restructuring expenses, net.
|  | Second Quarter |  |  | First Half |
(In millions) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Merger and transaction related expenses |  |  |  |  |  |  |  |  |  |  |  |
Transaction and integration |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total Merger and transaction related expenses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Restructuring expenses |  |  |  |  |  |  |  |  |  |  |  |
Non-facility termination benefits |  |  | 3 |  |  |  | 15 |  |  |  | 12 |  |  |  | 26 |
Professional fees |  |  | 1 |  |  |  | 8 |  |  |  | 4 |  |  |  | 14 |
Facility closure and termination benefits, contract termination, and other expenses, net |  |  | 9 |  |  |  | 2 |  |  |  | 45 |  |  |  | 5 |
Total Restructuring expenses, net |  |  | 13 |  |  |  | 25 |  |  |  | 61 |  |  |  | 45 |
Total Merger and restructuring expenses, net |  | $ | 13 |  |  | $ | 25 |  |  | $ | 61 |  |  | $ | 45 |
Facility Closure and Severance Costs | The activity in the merger and restructuring accruals in the first half of 2025 is presented in the table below. Certain merger and restructuring charges are excluded from the table because they are paid as incurred or non-cash, such as accelerated depreciation and gains and losses on asset dispositions.
|  | Balance as of |  |  |  |  |  |  |  |  | Balance as of |
|  | December 28, |  |  | Charges (credits) |  |  | Cash |  |  | June 28, |
(In millions) |  | 2024 |  |  | Incurred |  |  | Payments |  |  | 2025 |
Non-facility termination benefits: |  |  |  |  |  |  |  |  |  |  |  |
Optimize for Growth |  | $ | — |  |  | $ | 13 |  |  | $ | (3 | ) |  | $ | 10 |
Project Core |  |  | 7 |  |  |  | (2 | ) |  |  | (1 | ) |  |  | 4 |
Lease and contract obligations, accruals for facility closures including termination benefits and other costs: |  |  |  |  |  |  |  |  |  |  |  |
Optimize for Growth |  |  | — |  |  |  | 39 |  |  |  | (11 | ) |  |  | 28 |
Maximize B2B Restructuring Plan |  |  | 2 |  |  |  | — |  |  |  | (1 | ) |  |  | 1 |
Total |  | $ | 9 |  |  | $ | 50 |  |  | $ | (16 | ) |  | $ | 43 |

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- Definition Merger restructuring and other activity. + References No definition available. + Details
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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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