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 10 10        
Dividends declared to shareholders (43)   (43)      
Repurchases of common stock (204)     (204)    
Issuance of ESPP shares 6 3   3    
Investments by noncontrolling interests 8         8
Distributions to noncontrolling interests (4)         (4)
Other (2)     (2)    
Net income (loss) 173   189     (16)
Other comprehensive (loss) income, net of tax 78       78  
Ending balance at Jul. 04, 2025 1,489 2,539 1,513 (1,697) (868) 2
Beginning balance at Apr. 04, 2025 1,430 2,534 1,461 (1,648) (930) 13
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 5 5        
Dividends declared to shareholders (21)   (21)      
Repurchases of common stock (48)     (48)    
Investments by noncontrolling interests 8         8
Distributions to noncontrolling interests (4)         (4)
Other (1)     (1)    
Net income (loss) 58   73     (15)
Other comprehensive (loss) income, net of tax 62       62  
Ending balance at Jul. 04, 2025 1,489 2,539 1,513 (1,697) (868) 2
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 12 12        
Dividends declared to shareholders (42)   (42)      
Repurchases of common stock (29)     (29)    
Issuance of ESPP shares 7 2   5    
Distributions to noncontrolling interests (5)         (5)
Net income (loss) 200   198     2
Other comprehensive (loss) income, net of tax (13)       (13)  
Ending balance at Jul. 03, 2026 1,642 2,566 1,853 (1,842) (941) 6
Beginning balance at Apr. 03, 2026 1,589 2,561 1,778 (1,817) (938) 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation 5 5        
Dividends declared to shareholders (21)   (21)      
Repurchases of common stock (25)     (25)    
Distributions to noncontrolling interests (1)         (1)
Other (1)         (1)
Net income (loss) 99   96     3
Other comprehensive (loss) income, net of tax (3)       (3)  
Ending balance at Jul. 03, 2026 $ 1,642 $ 2,566 $ 1,853 $ (1,842) $ (941) $ 6