v3.26.1
Condensed Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Jun. 27, 2026
Jun. 28, 2025
Cash Flows from Operating Activities:    
Net loss $ (72) $ (119)
Adjustments to reconcile net cash from operating activities:    
Depreciation 116 128
Amortization of intangibles 34 41
Non-cash interest expense 18 12
Deferred income tax (2) 7
Share-based compensation expense 13 15
Loss on disposition of facility 7 0
Other non-cash operating activities, net 11 45
Changes in working capital, net (34) (119)
Changes in other assets and liabilities (15) (3)
Net cash from operating activities 76 7
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (44) (52)
Proceeds from divestiture 7 0
Cash acquired from merger 0 37
Settlement of net investment hedges 0 22
Net cash (used in) from investing activities (37) 7
Cash Flows from Financing Activities:    
Proceeds from long-term borrowings 0 1,556
Repayments on long-term borrowings (65) (434)
Transfers from parent, net 0 34
Cash distributions to parent 0 (1,111)
Debt fees and other, net 0 (17)
Net cash (used in) from financing activities (65) 28
Effect of currency translation on cash 1 4
Net change in cash and cash equivalents (25) 46
Cash and cash equivalents at beginning of period 305 230
Cash and cash equivalents at the end of period $ 280 $ 276