v3.26.1
Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Jun. 27, 2026
Jun. 28, 2025
Income Statement [Abstract]        
Net sales $ 6,262 $ 6,352 $ 12,309 $ 12,351
Cost of products sold 4,234 4,169 8,062 8,104
Gross profit 2,028 2,183 4,247 4,247
Selling, general and administrative expenses, excluding impairment losses 1,107 891 2,168 1,759
Goodwill impairment losses 2,441 6,694 2,441 6,694
Intangible asset impairment losses 4,911 2,572 4,924 2,572
Selling, general and administrative expenses 8,459 10,157 9,533 11,025
Operating income/(loss) (6,431) (7,974) (5,286) (6,778)
Interest expense/(income) (31) 240 205 469
Other expense/(income) (24) (47) (125) (98)
Income/(loss) before income taxes (6,376) (8,167) (5,366) (7,149)
Provision for/(benefit from) income taxes (916) (344) (705) (40)
Net income/(loss) (5,460) (7,823) (4,661) (7,109)
Net income/(loss) attributable to noncontrolling interest 0 1 1 3
Net income/(loss) attributable to common shareholders $ (5,460) $ (7,824) $ (4,662) $ (7,112)
Per share data applicable to common shareholders:        
Basic earnings/(loss) per common share (in dollars per share) $ (4.60) $ (6.60) $ (3.93) $ (5.98)
Diluted earnings/(loss) per common share (in dollars per share) $ (4.60) $ (6.60) $ (3.93) $ (5.98)