v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 27, 2025
Sep. 28, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (265) $ (3,019)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation of property and equipment 54 46
Share-based compensation 206 203
Amortization of intangible assets 333 333
Goodwill impairment   2,695
Exchange rate differences on cash and cash equivalents (8) 2
Deferred income taxes (16) (98)
Other 5 1
Changes in operating assets and liabilities:    
Decrease (increase) in trade accounts receivable 11 113
Decrease (increase) in other current assets 15 7
Decrease (increase) in inventories 97 (66)
Increase (decrease) in accounts payable, accrued expenses and related party payable 22 (55)
Increase (decrease) in employee-related accrued expenses and long-term benefits 32 24
Increase (decrease) in other current liabilities (1) 10
Decrease (increase) in other long-term assets (3) (5)
Increase (decrease) in other long-term liabilities 7 5
Net cash provided by operating activities 489 196
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (52) (68)
Purchases of debt and equity investments (79) (32)
Maturities and sales of debt and equity investments 67 2
Net cash used in investing activities (64) (98)
CASH FLOWS FROM FINANCING ACTIVITIES    
Share-based compensation recharge (2) (16)
Repurchase of common stock from Parent 100  
Net cash used in financing activities (102) (16)
Effect of foreign exchange rate changes on cash and cash equivalents 8 (2)
Increase in cash, cash equivalents and restricted cash 331 80
Balance of cash, cash equivalents and restricted cash, at beginning of year 1,438 1,226
Balance of cash, cash equivalents and restricted cash, at end of period 1,769 1,306
Supplementary non-cash investing and financing activities:    
Non-cash purchase of property and equipment 7 9
Non-cash share based compensation recharge   14
Tax sharing agreement with Parent (3)  
Conversion of Class B common stock to Class A common stock 1  
Supplemental cash flow information:    
Cash received (paid) for income taxes, net of refunds $ (7) $ (20)