v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 04, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 539 $ 588
Accounts receivable, net 1,987 829
Inventories 1,377 572
Other current assets 562 159
Total current assets 4,465 2,148
Property, plant and equipment, net 1,489 642
Intangible assets, net 8,521 558
Goodwill 9,421 1,340
Operating lease assets 366 81
Other assets 489 308
Total assets 24,751 5,077
Current liabilities:    
Notes payable 200 460
Accounts payable 863 104
Accrued employee compensation 214 100
Deferred revenue and customer advances 495 267
Current operating lease liabilities 51 31
Accrued income taxes 10 36
Accrued warranty 21 12
Other current liabilities 545 230
Total current liabilities 2,399 1,239
Long-term liabilities:    
Long-term debt 4,886 947
Long-term deferred tax liabilities 1,705 37
Long-term operating lease liabilities 317 53
Long-term portion of retirement benefits 59 44
Long-term income tax liabilities 32 34
Other long-term liabilities 158 161
Total long-term liabilities 7,157 1,276
Total liabilities 9,556 2,515
Commitments and contingencies (Notes 6, 7 and 10)
Stockholders' equity:    
Preferred stock, par value $0.01 per share, 5,000 shares authorized, none issued at July 4, 2026 and December 31, 2025 0 0
Common stock, par value $0.01 per share, 400,000 shares authorized, 201,881 and 163,162 shares issued, 98,225 and 59,549 shares outstanding at July 4, 2026 and December 31, 2025, respectively 2 2
Additional paid-in capital 15,312 2,416
Retained earnings 10,223 10,431
Treasury stock, at cost, 103,656 and 103,613 shares at July 4, 2026 and December 31, 2025, respectively (10,176) (10,162)
Accumulated other comprehensive loss (166) (125)
Total stockholders' equity 15,195 2,562
Total liabilities and stockholders' equity $ 24,751 $ 5,077