v3.25.2
Fair Value (Tables)
6 Months Ended
Jun. 29, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Values of Other Financial Assets and Liabilities The following tables present the fair values of our other financial assets and liabilities on June 29, 2025, and December 31, 2024, and the basis for determining their fair values:
Carrying
Value
Fair
Value
Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Financial Assets (Liabilities)June 29, 2025
Measured at fair value:
Marketable securities held in trust:
Cash and equivalents$$$— $$— 
Available-for-sale debt securities149 149 — 149 — 
Commingled equity funds48 48 48 — — 
Commingled fixed-income funds— — 
Other investments51 51 30 — 21 
Cash flow hedge assets93 93 — 93 — 
Cash flow hedge liabilities(62)(62)— (62)— 
Measured at amortized cost:
Short- and long-term debt principal(8,780)(8,194)— (8,194)— 
December 31, 2024
Measured at fair value:
Marketable securities held in trust:
Cash and equivalents$36 $36 $27 $$— 
Available-for-sale debt securities128 128 — 128 — 
Commingled equity funds48 48 48 — — 
Commingled fixed-income funds— — 
Other investments40 40 28 — 12 
Cash flow hedge assets52 52 — 52 — 
Cash flow hedge liabilities(140)(140)— (140)— 
Measured at amortized cost:
Short- and long-term debt principal(8,826)(8,103)— (8,103)—