v3.26.1
Leases
 6 Months Ended
Jul. 04, 2026
Leases [Abstract]  
Leases Leases
Components of Lease Expense
Three Months EndedSix Months Ended
(In millions)July 4, 2026June 28, 2025July 4, 2026June 28, 2025
Lease expense:
Operating lease cost$41 $38 $82 $75 
Short-term lease cost2 — 3 — 
Variable cost9 16 17 28 
Sublease income(2)(2)(3)(3)
Net lease expense from operating leases$50 $52 $99 $100 
Lease Assets and Liabilities
(In millions)Statement Line ClassificationJuly 4, 2026December 31, 2025
Right-of-use lease assetsOperating lease assets$571 $581 
Current lease liabilitiesAccrued liabilities145 133 
Operating lease liabilitiesOperating lease liabilities442 471 
Other Information Related to Leases
Six Months Ended
(In millions)July 4, 2026June 28, 2025
Supplemental cash flow information:
Net cash used for operating activities related to operating leases$91 $88 
Right-of-use assets obtained in exchange for lease liabilities60 58 
During the six months ended July 4, 2026, assets obtained in exchange for lease liabilities were primarily driven by new and renewed real estate leases.
July 4, 2026December 31, 2025
Weighted average remaining lease terms (years)65
Weighted average discount rate:4.30 %4.21 %
Future Lease Payments
July 4, 2026
(In millions)Operating Leases
Remainder of 2026$69 
2027162 
2028136 
2029103 
203052 
Thereafter140 
Total lease payments$662 
Less: interest75 
Present value of lease liabilities$587