Related Party Transactions (Tables)

6 Months Ended

Jul. 04, 2026

The components of net transfers from parent are as follows:


	Six Months Ended
(in millions)	July 4, 2026		June 28, 2025
Net transfers from (to) Parent as reflected in the Unaudited Condensed Combined Statements of Cash Flows	$	147	$	(35)
Stock-based compensation expense	12		14
Allocation of depreciation & amortization	1		1
Allocation of third-party debt and cash flow hedges	603		336
Other non-cash investing and financing activities	11		(53)
Net transfers from Parent as reflected on the Unaudited Condensed Combined Statements of Changes in Equity	$	774	$	263