v3.26.1
CONDENSED COMBINED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jul. 04, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 131 $ 124
Restricted cash 400 0
Accounts receivable, net 751 659
Inventories, net 1,057 1,036
Due from related parties - current $ 14 0
Other Receivable, after Allowance for Credit Loss, Current, Related Party [Extensible Enumeration] Related Party  
Other current assets $ 169 154
Total current assets 2,522 1,973
Property, plant and equipment, net 109 107
Goodwill 1,063 1,066
Intangible assets, net 706 744
Operating lease right-of-use assets 223 236
Due from related parties - non-current $ 0 $ 13
Other Receivable, after Allowance for Credit Loss, Noncurrent, Related Party [Extensible Enumeration] Related Party Related Party
Other assets $ 16 $ 13
Total assets 4,639 4,152
Current liabilities:    
Accounts payable 695 717
Accrued liabilities 168 175
Current portion of operating lease liabilities 38 37
Due to related parties - current $ 1 $ 68
Other Liability, Current, Related Party [Extensible Enumeration] Related Party Related Party
Total current liabilities $ 902 $ 997
Long-term debt 988 1,185
Non-current portion of operating lease liabilities 198 209
Deferred tax liabilities 60 60
Total liabilities 2,184 2,468
Commitments and Contingencies (Note 13)
Equity:    
Net parent investment 2,505 1,726
Accumulated other comprehensive loss, net (50) (42)
Total equity 2,455 1,684
Total liabilities and equity 4,639 4,152
Related Party    
Current liabilities:    
Other liabilities 20 0
Nonrelated Party    
Current liabilities:    
Other liabilities $ 16 $ 17