v3.26.1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 27, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Changes in the Carrying Amount of Goodwill by Segment
Changes in the carrying amount of goodwill, by segment, were (in millions):
North America
International Developed Markets
Emerging Markets
Total
Balance at December 27, 2025$20,392 $1,470 $317 $22,179 
Impairment losses
(1,653)(788)— (2,441)
Translation adjustments and other(1)(31)8 (24)
Balance at June 27, 2026
$18,738 $651 $325 $19,714 
Changes in the Carrying Amount of Indefinite-Lived Intangible Assets
Changes in the carrying amount of indefinite-lived intangible assets, which primarily consisted of trademarks, were (in millions):
Balance at December 27, 2025$34,165 
Impairment losses(4,902)
Translation adjustments and other(110)
Balance at June 27, 2026
$29,153 
Schedule of Definite-Lived Intangible Assets By Major Asset Class
Definite-lived intangible assets were (in millions):
June 27, 2026December 27, 2025
GrossAccumulated
Amortization		NetGrossAccumulated
Amortization
Net(a)
Trademarks$2,368 $(1,074)$1,294 $2,369 $(1,016)$1,353 
Customer-related assets3,659 (1,740)1,919 3,704 (1,700)2,004 
Other11 (5)6 11 (4)7 
$6,038 $(2,819)$3,219 $6,084 $(2,720)$3,364 
(a)    At December 27, 2025, definite-lived intangible assets excluded amounts classified as held for sale due to the Italy Infant Transaction. See Note 4, Acquisitions and Divestitures, for additional information on amounts held for sale.