v3.26.1
Earnings (Loss) Per Common Share - Schedule of Computation of Basic and Diluted Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 04, 2026
Jun. 28, 2025
Jul. 04, 2026
Jun. 28, 2025
Numerator for basic and diluted earnings (loss) per common share:        
Net income (loss) $ 97 $ (825) $ 135 $ (819)
Less: preferred stock dividends 8 8 17 17
Less: undistributed income allocated to preferred stockholders 10 0 13 0
Net income (loss) available to common stockholders, basic 79 (833) 105 (836)
Net income (loss) available to common stockholders, diluted $ 79 $ (833) $ 105 $ (836)
Denominator for basic and diluted earnings (loss) per common share:        
Weighted average basic number of common shares outstanding (in shares) 151 149 151 148
Plus: dilutive effect of common stock equivalents (in shares) 3 0 4 0
Weighted average diluted number of common shares outstanding (in shares) 154 149 155 148
Earnings (loss) per common share        
Basic (in dollars per share) $ 0.52 $ (5.59) $ 0.70 $ (5.65)
Diluted (in dollars per share) $ 0.51 $ (5.59) $ 0.68 $ (5.65)