v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Millions, $ in Millions
Common Stock
Additional paid-in capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Total
Beginning balance (in shares) at Dec. 30, 2023 806        
Beginning balance at Dec. 30, 2023 $ 8 $ 14,886   $ 30 $ 14,924
Net income (loss)       (3,019) (3,019)
Share-based compensation expense   203     203
Recharge to Parent for Share-based compensation   (30)     (30)
Issuance of common stock under employee share-based compensation plans (in shares) 5        
Ending balance (in shares) at Sep. 28, 2024 811        
Ending balance at Sep. 28, 2024 $ 8 15,059   (2,989) 12,078
Beginning balance (in shares) at Jun. 29, 2024 809        
Beginning balance at Jun. 29, 2024 $ 8 14,985   (274) 14,719
Net income (loss)       (2,715) (2,715)
Share-based compensation expense   79     79
Recharge to Parent for Share-based compensation   (5)     (5)
Issuance of common stock under employee share-based compensation plans (in shares) 2        
Ending balance (in shares) at Sep. 28, 2024 811        
Ending balance at Sep. 28, 2024 $ 8 15,059   (2,989) 12,078
Beginning balance (in shares) at Dec. 28, 2024 812        
Beginning balance at Dec. 28, 2024 $ 8 15,137 $ 2 (3,060) 12,087
Net income (loss)       (265) (265)
Other comprehensive income (loss), net     10   10
Tax sharing agreement with Parent   3     3
Share-based compensation expense   206     206
Recharge to Parent for Share-based compensation   (6)     (6)
Issuance of common stock under employee share-based compensation plans (in shares) 8        
Repurchase of common stock from Parent   (100)     (100)
Repurchase of common stock from Parent (in shares) (6)        
Ending balance (in shares) at Sep. 27, 2025 814        
Ending balance at Sep. 27, 2025 $ 8 15,240 12 (3,325) 11,935
Beginning balance (in shares) at Jun. 28, 2025 815        
Beginning balance at Jun. 28, 2025 $ 8 15,270 17 (3,229) 12,066
Net income (loss)       (96) (96)
Other comprehensive income (loss), net     (5)   (5)
Share-based compensation expense   72     72
Recharge to Parent for Share-based compensation   (2)     (2)
Issuance of common stock under employee share-based compensation plans (in shares) 5        
Repurchase of common stock from Parent   (100)     (100)
Repurchase of common stock from Parent (in shares) (6)        
Ending balance (in shares) at Sep. 27, 2025 814        
Ending balance at Sep. 27, 2025 $ 8 $ 15,240 $ 12 $ (3,325) $ 11,935