GOODWILL AND INTANGIBLE ASSETS (Tables)
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6 Months Ended |
Jun. 27, 2025 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Changes in Carrying Amounts of Goodwill |
Changes in the carrying amount of goodwill, by business segment, were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In millions) | CS | | IMS | | SAS | | AR | | Total | | | | | | | | | | | Balance as of January 3, 2025(1) | $ | 4,938 | | | $ | 6,422 | | | $ | 5,999 | | | $ | 2,966 | | | $ | 20,325 | | | | | | | | | | | | | | | | | | | | | | | Currency translation adjustments | 1 | | | 20 | | | 26 | | | — | | | 47 | | Balance as of June 27, 2025 | $ | 4,939 | | | $ | 6,442 | | | $ | 6,025 | | | $ | 2,966 | | | $ | 20,372 | |
_______________ (1)Balances reflect impact of FOS business realignment from our IMS segment to our AR segment effective in first quarter 2025, as discussed under the “Reallocation of Goodwill in Business Realignment” heading in Note E: Goodwill and Intangible Assets in our Form 10-Q for first quarter 2025, which is incorporated herein by reference.
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| Schedule of Indefinite-Lived Intangible Assets |
Intangible assets, net are summarized below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 27, 2025 | | January 3, 2025 | | (In millions) | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | | | | | | | | | | | | | Finite-lived | | | | | | | | | | | | Customer relationships | $ | 8,835 | | | $ | (3,826) | | | $ | 5,009 | | | $ | 8,817 | | | $ | (3,470) | | | $ | 5,347 | | Developed technologies | 853 | | | (518) | | | 335 | | | 849 | | | (482) | | | 367 | | Trade names and other | 188 | | | (74) | | | 114 | | | 188 | | | (66) | | | 122 | | | Indefinite-lived | | | | | | | | | | | | | Trade name | 1,803 | | | — | | | 1,803 | | | 1,803 | | | — | | | 1,803 | | | Intangible assets, net | $ | 11,679 | | | $ | (4,418) | | | $ | 7,261 | | | $ | 11,657 | | | $ | (4,018) | | | $ | 7,639 | |
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| Schedule of Finite-Lived Intangible Assets |
Intangible assets, net are summarized below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 27, 2025 | | January 3, 2025 | | (In millions) | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | | | | | | | | | | | | | Finite-lived | | | | | | | | | | | | Customer relationships | $ | 8,835 | | | $ | (3,826) | | | $ | 5,009 | | | $ | 8,817 | | | $ | (3,470) | | | $ | 5,347 | | Developed technologies | 853 | | | (518) | | | 335 | | | 849 | | | (482) | | | 367 | | Trade names and other | 188 | | | (74) | | | 114 | | | 188 | | | (66) | | | 122 | | | Indefinite-lived | | | | | | | | | | | | | Trade name | 1,803 | | | — | | | 1,803 | | | 1,803 | | | — | | | 1,803 | | | Intangible assets, net | $ | 11,679 | | | $ | (4,418) | | | $ | 7,261 | | | $ | 11,657 | | | $ | (4,018) | | | $ | 7,639 | |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
The following table presents future estimated amortization expense for intangible assets: | | | | | | | (In millions) | | | | Next 12 months | $ | 752 | | | Months 13-24 | 584 | | | Months 25-36 | 545 | | | Months 37-48 | 444 | | | Months 49-60 | 425 | | | Thereafter | 2,708 | | | Total | $ | 5,458 | |
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