v3.26.1
Condensed Consolidated Statements of Shareholders' Equity - USD ($)
$ in Millions
Total
PIC
Retained Earnings
Treasury Stock
AOCL
NCI
Beginning balance at Jan. 03, 2025 $ 1,467 $ 2,526 $ 1,367 $ (1,494) $ (946) $ 14
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 5 5        
Dividends declared to shareholders (22)   (22)      
Repurchases of common stock (156)     (156)    
Issuance of ESPP shares 6 3   3    
Other (1)     (1)   0
Net income (loss) 115   116     (1)
Other comprehensive (loss) income, net of tax 16       16  
Ending balance at Apr. 04, 2025 1,430 2,534 1,461 (1,648) (930) 13
Beginning balance at Jan. 02, 2026 1,512 2,552 1,697 (1,818) (928) 9
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 7 7        
Dividends declared to shareholders (21)   (21)      
Repurchases of common stock (4)     (4)    
Issuance of ESPP shares 7 2   5    
Distributions to noncontrolling interests (4)         (4)
Other 1     0   1
Net income (loss) 101   102     (1)
Other comprehensive (loss) income, net of tax (10)       (10)  
Ending balance at Apr. 03, 2026 $ 1,589 $ 2,561 $ 1,778 $ (1,817) $ (938) $ 5