MERGER AND RESTRUCTURING ACTIVITY (Tables)

6 Months Ended

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