v3.26.1
Restructuring Activities (Tables)
 6 Months Ended
Jun. 27, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Reserve by Type of Cost
Our net liability balance for restructuring project costs that qualify as exit and disposal costs under U.S. GAAP was (in millions):
Severance and Employee Benefit CostsOther Exit CostsTotal
Balance at December 27, 2025$9 $2 $11 
Charges/(credits)10 — 10 
Cash payments(4)(1)(5)
Balance at June 27, 2026$15 $1 $16 
Restructuring Costs by Type and Income Statement Location
Total expense/(income) related to restructuring activities, by income statement caption, were (in millions):
For the Three Months EndedFor the Six Months Ended
June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Severance and employee benefit costs - Cost of products sold$(1)$1 $10 $(1)
Severance and employee benefit costs - SG&A1 (2)— 4 
Asset-related costs - Cost of products sold8 — 20 — 
Other costs - SG&A1 1 1 1 
Other costs - Other expense/(income)— 10 (45)10 
$9 $10 $(14)$14 
Restructuring Costs Excluded from Segments The pre-tax impact of allocating such expenses/(income) to our segments would have been (in millions):
For the Three Months EndedFor the Six Months Ended
June 27, 2026June 28, 2025June 27, 2026June 28, 2025
North America$— $11 $(46)$15 
International Developed Markets9 — 32 (3)
Emerging Markets— (1)— (1)
General corporate expenses— — — 3 
$9 $10 $(14)$14