v3.26.1
Share-Based Compensation (Tables)
3 Months Ended
Jun. 27, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Award, Valuation Assumptions The assumptions used as inputs to the simulation model and the resulting weighted average grant date fair value are as follows:
June 27,
2026
Expected volatility48.7 %
Expected dividend yield— %
Risk-free interest rate3.8 %
Weighted-average grant date fair value$29.29
Schedule of Option Activity and Information about Options Outstanding
The following table summarizes the Company’s share-based compensation activity during the three months ended June 27, 2026:
Service-Based RSUs
Performance-Based RSUs (1)
Outstanding/Unvested at March 28, 2026
2,609,707 162,954 
Granted1,686,574 234,932 
Exercised/Vested(1,101,924)(113,580)
Change due to performance conditions, net— (49,374)
Canceled/Forfeited(104,606)— 
Outstanding/Unvested at June 27, 2026
3,089,751 234,932 
(1)Inclusive of FCF and TSR performance-based RSUs.
Schedule of Compensation Expense Attributable to Share-Based Compensation
The following table summarizes compensation expense attributable to share-based compensation for the three months ended June 27, 2026 and June 28, 2025 (in millions):
Three Months Ended
June 27,
2026
June 28,
2025
Share-based compensation expense$13 $14 
Tax benefit related to share-based compensation expense$— $—