SUBSEQUENT EVENTS |
6 Months Ended |
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Jun. 27, 2025 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | NOTE Q: SUBSEQUENT EVENTS On July 4, 2025, the President signed into law Congress’ reconciliation package, which includes significant amendments to the U.S. federal income tax code. Key provisions include the permanent reinstatement of immediate expensing for domestic research expenditures, the restoration of full expensing for qualified machinery, equipment and other short-lived assets, and several modifications to existing international tax provisions. These provisions were enacted subsequent to the end of our second quarter and, therefore, are not reflected in the accompanying Condensed Consolidated Financial Statements. We are currently evaluating the impact of these provisions and expect favorable cash tax benefits of $150 million and an increase to our ETR between 200 and 300 basis points for fiscal 2025. We expect to recognize its effects in our provision for income taxes beginning in third quarter 2025.
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