v3.26.1
New Accounting Standards (Notes)
 6 Months Ended
Jul. 04, 2026
Accounting Standards Update and Change in Accounting Principle [Abstract]  
New Accounting Pronouncements, Policy [Policy Text Block] NEW ACCOUNTING STANDARDS
The Financial Accounting Standards Board (“FASB”) has issued the following Accounting Standards Updates (“ASUs”) that the Company has not yet adopted. The following is a summary and anticipated impact of adopting these new standards.
StandardDescriptionEffect on the Financial Statements
ASU 2024-03, Disaggregation of Income Statement ExpensesRequires disclosure about the types of costs and expenses included in certain expense captions presented on the income statement. The ASU is effective for annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with early adoption permitted. The ASU should be applied either prospectively to financial statements issued for reporting periods after the effective date or retrospectively to any or all prior periods presented. The Company is evaluating the impact of the new standard on its Consolidated Financial Statements.
ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software Modernizes the accounting for software costs with how software is developed today, clarifies when to begin capitalizing costs and enhances disclosure requirements. The ASU is effective for interim and annual periods beginning after December 15, 2027, with early adoption permitted.The Company is evaluating the impact of the new standard on its Consolidated Financial Statements.