CONDENSED COMBINED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 04, 2026 |
Jun. 28, 2025 |
Jul. 04, 2026 |
Jun. 28, 2025 |
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| Income Statement [Abstract] | ||||
| Net revenue | $ 1,286 | $ 1,277 | $ 2,492 | $ 2,398 |
| Cost of goods sold | 994 | 994 | 1,944 | 1,873 |
| Gross profit | 292 | 283 | 548 | 525 |
| Operating expenses: | ||||
| Selling, general and administrative expenses | 206 | 190 | 405 | 371 |
| Research and development expenses | 11 | 9 | 23 | 17 |
| Intangible asset amortization | 25 | 23 | 49 | 46 |
| Transaction related expenses | 18 | 3 | 26 | 4 |
| Restructuring expenses | 7 | 1 | 7 | 5 |
| Total operating expenses | 267 | 226 | 510 | 443 |
| Income from operations | 25 | 57 | 38 | 82 |
| Indemnification agreement expense | 0 | 331 | 0 | 364 |
| Other expense (income), net | 2 | (2) | 2 | (2) |
| Interest expense | 16 | 4 | 33 | 12 |
| Interest income | (1) | (2) | (3) | (4) |
| Income (loss) before taxes | 8 | (274) | 6 | (288) |
| Provision for income taxes | 2 | 9 | 1 | 10 |
| Net income (loss) | $ 6 | $ (283) | $ 5 | $ (298) |
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- Definition Indemnification Agreement Expense No definition available.
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- Definition Spin-Off Transaction Related Expense No definition available.
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- Definition Amount of amortization expense for finite-lived intangible asset. Excludes goodwill and capitalized cost for software to be sold, leased, or marketed. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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