v3.26.1
Debt (Tables)
 6 Months Ended
Jun. 27, 2026
Debt [Abstract]  
Schedule of Bank Credit Lines
June 27,
December 27,
2026
2025
Revolving credit agreement
$
710
$
100
Other short-term bank credit lines
314
664
Total
$
1,024
$
764
Schedule of Long-Term Debt
June 27,
December 27,
2026
2025
Private placement facilities
$
1,199
$
1,149
Term loan
745
749
U.S. trade accounts receivable securitization
430
390
Various
collateralized and uncollateralized loans payable with interest,
in varying installments through 2031 at interest rates
from
0.00
% to
6.25
% at June 27, 2026 and
from
0.00
% to
6.75
% at December 27, 2025
58
48
Finance lease obligations
6
7
Total
2,438
2,343
Less current maturities
(138)
(33)
Total long-term debt
$
2,300
$
2,310
Schedule of Private Placement Facility Borrowings
The components of our private placement facility borrowings as of
June 27, 2026, which have a weighted average
interest rate of
3.99
%, are presented in the following table:
Amount of
Date of
Borrowing
Borrowing
Borrowing
Outstanding
Rate
Due Date
June 16, 2017
$
100
3.42
%
June 16, 2027
September 15, 2017
100
3.52
September 15, 2029
January 2, 2018
100
3.32
January 2, 2028
September 2, 2020
100
2.35
September 2, 2030
June 2, 2021
100
2.48
June 2, 2031
June 2, 2021
100
2.58
June 2, 2033
May 4, 2023
75
4.79
May 4, 2028
May 4, 2023
75
4.84
May 4, 2030
May 4, 2023
75
4.96
May 4, 2033
May 4, 2023
150
4.94
May 4, 2033
December 15, 2025
100
5.23
December 15, 2032
December 15, 2025
75
5.28
December 15, 2032
February 24, 2026
50
5.40
February 24, 2034
Less: Deferred debt issuance costs
(1)
Total
$
1,199
The components of our private placement facility borrowings as of December
27, 2025, which have a weighted
average interest rate of
3.93
%, are presented in the following table:
Amount of
Date of
Borrowing
Borrowing
Borrowing
Outstanding
Rate
Due Date
June 16, 2017
$
100
3.42
%
June 16, 2027
September 15, 2017
100
3.52
September 15, 2029
January 2, 2018
100
3.32
January 2, 2028
September 2, 2020
100
2.35
September 2, 2030
June 2, 2021
100
2.48
June 2, 2031
June 2, 2021
100
2.58
June 2, 2033
May 4, 2023
75
4.79
May 4, 2028
May 4, 2023
75
4.84
May 4, 2030
May 4, 2023
75
4.96
May 4, 2033
May 4, 2023
150
4.94
May 4, 2033
December 15, 2025
100
5.23
December 15, 2032
December 15, 2025
75
5.28
December 15, 2032
Less: Deferred debt issuance costs
(1)
Total
$
1,149