Authorized common stock consists of 500,000,000 shares, with a $1 par value per share, of which 186,155,804 shares and 186,844,093 shares were issued and outstanding as of July 3, 2026 and January 2, 2026, respectively.

Share Repurchase Program. On October 21, 2022, we announced that our Board of Directors (“Board”) approved a $3.0 billion share repurchase authorization under our repurchase program. Our previous $6.0 billion share repurchase authorization was fully utilized during the first quarter 2025. Our repurchase program does not have an expiration date and authorizes us to repurchase shares of our common stock through open market purchases, private transactions, transactions structured through investment banking institutions or any combination thereof.

During year to date 2026, we repurchased 1.5 million shares of our common stock under our share repurchase program for $525 million and had remaining unused authorizations of $1.7 billion as of July 3, 2026. During year to date 2025, we repurchased 3.9 million shares of our common stock under our share repurchase program for $822 million and had remaining unused authorizations of $2.6 billion as of June 27, 2025.

Authorized preferred stock consists of 1,000,000 shares, without par value, of which no shares were issued and outstanding as of both July 3, 2026 and January 2, 2026.

Changes in the components of AOCI, net of tax were as follows:


(In millions)	Foreign Currency Translation and Other, Net(1)		Pension and Other Postretirement Benefits(2)		Total AOCI

Balance as of January 2, 2026	$	(234)	$	353	$	119
Other comprehensive loss before reclassifications	(17)		—		(17)
Losses (gains) reclassified to earnings	5		(16)		(11)
Other comprehensive loss	(12)		(16)		(28)
Balance as of July 3, 2026	$	(246)	$	337	$	91

Balance as of January 3, 2025	$	(331)	$	358	$	27
Other comprehensive income (loss) before reclassifications	68		(43)		25
Losses (gains) reclassified to earnings	14		(35)		(21)
Other comprehensive income (loss)	82		(78)		4
Balance as of June 27, 2025	$	(249)	$	280	$	31