Changes in Accumulated Other Comprehensive Income |
6 Months Ended |
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Jun. 27, 2026 | |
| Equity [Abstract] | |
| Changes in Accumulated Other Comprehensive Income | CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME As of June 27, 2026 and June 28, 2025, the accumulated other comprehensive income balance included $47 million and $42 million, respectively, of amounts related to retirement obligations. As of both June 27, 2026 and June 28, 2025, the fair value of the Company’s interest rate caps net of tax included within accumulated other comprehensive income was $1 million. Given the changes in accumulated other comprehensive income components noted above, the change in accumulated other comprehensive income between comparative periods June 28, 2025 and June 27, 2026 is immaterial. Included in the retirement benefit obligations balance for both June 27, 2026 and December 27, 2025 is $43 million of tax effects, $44 million of which represents tax effects on items within accumulated other comprehensive income related to the Tax Cuts and Jobs Act of 2017 and the presence of a valuation allowance in certain historical periods. The Company expects the tax effects to remain in accumulated other comprehensive income until the Company’s retirement plan ceases to exist.
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