v3.26.1
Investments
 6 Months Ended
Jul. 04, 2026
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
A rollforward of the Company’s long-term investments is as follows (in millions):
Three Months EndedSix Months Ended
July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Balance at the beginning of the period$96 $110 $103 $110 
Losses on long-term investments— (10)(15)(10)
Long-term investment acquired in exchange for sale of business— — 9 — 
Sale of long-term investments— — (1)— 
Balance at the end of the period$96 $100 $96 $100 

As further described in Note 7 Exit and Restructuring Activities, the Company acquired a long-term investment in the first quarter of 2026 as part of the consideration received for the sale of its robotics automation business.
The carrying value of the Company’s long-term investments is included in Other long-term assets on the Consolidated Balance Sheets. Net gains and losses are included within Other income (expense), net on the Consolidated Statements of Operations.