v3.26.1
Revenue Recognition (Tables)
6 Months Ended
Jul. 04, 2026
Revenue from Contract with Customer [Abstract]  
Summary of Activity of Deferred Revenue and Customer Advances
The following is a summary of the activity of the Company’s deferred revenue and customer advances for the six months ended July 4, 2026 and June 28, 2025 (in millions):
 
    
July 4, 2026
    
June 28, 2025
 
Balance at the beginning of the period
   $ 345      $ 320  
Deferred revenue acquired
     149        —   
Recognition of revenue included in balance at beginning of the
period
     (187      (202
Revenue deferred during the period, net of revenue recognized
     296        303  
  
 
 
    
 
 
 
Balance at the end of the period
   $ 603      $ 421  
  
 
 
    
 
 
 
Schedule of Amount of Deferred Revenue and Customer Advances
The amount of unfulfilled performance obligations as of July 4, 2026, and the time such amounts are expected to be recognized in the future, is as follows (in millions):
 
    
July 4, 2026
 
Unfulfilled performance obligations expected to be recognized in:
  
One year or less
   $ 509  
13-24
months
     70  
25 months and beyond
     38  
  
 
 
 
Total
   $ 617