v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Jun. 28, 2026
Jun. 29, 2025
Income Statement [Abstract]        
Net sales $ 3,955 $ 3,839 $ 7,864 $ 7,580
Cost of sales 1,654 1,578 3,261 3,151
Gross profit 2,301 2,261 4,603 4,429
Selling, general, and administrative expenses 1,537 1,504 2,990 3,041
Restructuring expenses 59 60 130 120
Other operating expense, net 6 5 17 18
Operating income 699 692 1,466 1,250
Other expense, net 11 10 11 16
Interest expense, net 90 94 185 188
Income before taxes 598 588 1,270 1,046
Provision for taxes 142 168 340 304
Net income $ 456 $ 420 $ 930 $ 742
Net income per share        
Basic (in dollars per share) $ 0.24 $ 0.22 $ 0.48 $ 0.39
Diluted (in dollars per share) $ 0.24 $ 0.22 $ 0.48 $ 0.39
Weighted-average number of shares outstanding        
Basic (in shares) 1,920 1,919 1,918 1,917
Diluted (in shares) 1,923 1,928 1,922 1,927