Restructuring Activities (Tables)

3 Months Ended

Mar. 28, 2026

Our net liability balance for restructuring project costs that qualify as exit and disposal costs under U.S. GAAP was (in millions):


	Severance and Employee Benefit Costs		Other Exit Costs		Total
Balance at December 27, 2025	$	9	$	2	$	11
Charges/(credits)	10		—		10
Cash payments	(1)		(1)		(2)

Balance at March 28, 2026	$	18	$	1	$	19

Total expense/(income) related to restructuring activities, by income statement caption, were (in millions):


	For the Three Months Ended
	March 28, 2026		March 29, 2025
Severance and employee benefit costs - Cost of products sold	$	11	$	(2)
Severance and employee benefit costs - SG&A	(1)		6

Asset-related costs - Cost of products sold	12		—




Other costs - Other expense/(income)	(45)		—
	$	(23)	$	4

The pre-tax impact of allocating such expenses/(income) to our segments would have been (in millions):


	For the Three Months Ended
	March 28, 2026		March 29, 2025
North America	$	(46)	$	4
International Developed Markets	23		(3)

General corporate expenses	—		3
	$	(23)	$	4