v3.26.1
CONDENSED COMBINED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Net Parent Investment
Accumulated Other Comprehensive Loss, net
Beginning balance at Dec. 31, 2024 $ 2,088 $ 2,158 $ (70)
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Net income (loss) (298) (298)  
Foreign exchange translation gain (loss) - net of taxes 38   38
Changes in fair value of effective cash flow hedges - net of taxes (1)   (1)
Transfers From Parent Company 263 263  
Ending balance at Jun. 28, 2025 2,090 2,123 (33)
Beginning balance at Mar. 29, 2025 2,129 2,188 (59)
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Net income (loss) (283) (283)  
Foreign exchange translation gain (loss) - net of taxes 26   26
Changes in fair value of effective cash flow hedges - net of taxes 0    
Transfers From Parent Company 218 218  
Ending balance at Jun. 28, 2025 2,090 2,123 (33)
Beginning balance at Dec. 31, 2025 1,684 1,726 (42)
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Net income (loss) 5 5  
Foreign exchange translation gain (loss) - net of taxes (8)   (8)
Changes in fair value of effective cash flow hedges - net of taxes 0    
Transfers From Parent Company 774 774  
Ending balance at Jul. 04, 2026 2,455 2,505 (50)
Beginning balance at Apr. 04, 2026 2,044 2,089 (45)
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Net income (loss) 6 6  
Foreign exchange translation gain (loss) - net of taxes (5)   (5)
Changes in fair value of effective cash flow hedges - net of taxes 0    
Transfers From Parent Company 410 410  
Ending balance at Jul. 04, 2026 $ 2,455 $ 2,505 $ (50)