STOCK-BASED COMPENSATION (Tables)
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6 Months Ended |
Jun. 27, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Share-Based Compensation Expense |
The Company records stock-based compensation expense as a component of Selling, general and administrative expenses and Cost of goods sold in the unaudited Condensed Consolidated Statements of Comprehensive Income. The following table presents the stock-based compensation expense for the three and six months ended June 27, 2026 and June 28, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | Three Months Ended | | Six Months Ended | | Classification | June 27, 2026 | | June 28, 2025 | | June 27, 2026 | | June 28, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Equity-classified awards | $ | 29 | | | $ | 14 | | | $ | 51 | | | $ | 30 | | | Liability-classified awards | — | | | 1 | | | 1 | | | 4 | | | Total | $ | 29 | | | $ | 15 | | | $ | 52 | | | $ | 34 | | | | | | | | | | | | | | | | | | | |
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| Summary of Nonvested Share Activity |
The following table summarizes the Incentive Units activity and related information for the six months ended June 27, 2026: | | | | | | | | | | | | | Incentive Units | | Wtd. Avg. Grant Date Fair Value | | Unvested as of December 31, 2025 | 14,538,818 | | | $ | 5.86 | | | Granted | — | | | — | | | Vested | (1,765,408) | | | $ | 6.23 | | | Forfeited | — | | | — | | | Unvested as of June 27, 2026 | 12,773,410 | | | $ | 5.81 | |
| | | | | | | | | | | | | | | | | | | | | | | | | RSUs | | Wtd. Avg. Grant Date Fair Value | | PSUs | | Wtd. Avg. Grant Date Fair Value | | Unvested as of December 31, 2025 | 523,795 | | | $ | 29.00 | | | — | | | — | | | Granted | 1,651,688 | | | $ | 43.98 | | | 1,206,267 | | | $ | 44.05 | | | Vested | (439,903) | | | $ | 33.44 | | | — | | | — | | | Forfeited | (36,253) | | | $ | 42.65 | | | — | | | — | | | Unvested as of June 27, 2026 | 1,699,327 | | | $ | 42.12 | | | 1,206,267 | | | $ | 44.05 | |
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| Summary of Nonvested Restricted Stock Shares Activity |
The following table summarizes the RSAs activity and related information for the six months ended June 27, 2026: | | | | | | | | | | | | | RSAs | | Wtd. Avg. Grant Date Fair Value | | Unvested as of December 31, 2025 | 1,958,657 | | | $ | 29.00 | | | Granted | — | | | — | | | Vested | (412,133) | | | $ | 29.00 | | | Forfeited | (29,326) | | | $ | 29.00 | | | Unvested as of June 27, 2026 | 1,517,198 | | | $ | 29.00 | |
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| Schedule of Stock Option Activity |
The following table summarizes option activity and related information for the six months ended June 27, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Options | | Wtd. Avg. Grant Date Fair Value | | Wtd. Avg. Exercise Price | | Average Remaining Contractual Term
(in years) | | Aggregate Intrinsic Value
(in millions) | | Outstanding as of December 31, 2025 | 6,770,442 | | | $ | 11.97 | | | $ | 29.00 | | | | | | | Granted | — | | | — | | | — | | | | | | | Exercised | (27,586) | | | $ | 12.40 | | | $ | 29.00 | | | | | | | Forfeited | (156,452) | | | $ | 12.31 | | | $ | 29.00 | | | | | | | Outstanding as of June 27, 2026 | 6,586,404 | | | $ | 11.96 | | | $ | 29.00 | | | 9.5 | | $ | 65 | | | Exercisable as of June 27, 2026 | 3,032,916 | | | $ | 11.79 | | | $ | 29.00 | | | 9.5 | | $ | 30 | | | Expected to vest as of June 27, 2026 | 3,553,488 | | | $ | 12.10 | | | $ | 29.00 | | | 9.5 | | $ | 35 | |
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