v3.26.1
Leases (Tables)
6 Months Ended
Jul. 04, 2026
Leases [Abstract]  
Components of Lease Expense and Other Information
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 
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 
July 4, 2026December 31, 2025
Weighted average remaining lease terms (years)65
Weighted average discount rate:4.30 %4.21 %
Lease Assets and Liabilities
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 
Future Lease Payments, Operating
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