v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-in Capital
Net Parent Investment
(Accumulated Deficit) Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Beginning of the period (in shares) at Dec. 31, 2024   0          
Beginning balance at Dec. 31, 2024 $ 8,828 $ 0 $ 0 $ 9,048 $ 0 $ (312) $ 92
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 2,292     2,265     27
Net transfers from (to) Parent (1,166)     (1,166)      
Other comprehensive income (loss) 85         85  
Dividends to noncontrolling interests (22)           (22)
End of the period (in shares) at Sep. 27, 2025   0          
Ending balance at Sep. 27, 2025 10,017 $ 0 0 10,147 0 (227) 97
Beginning of the period (in shares) at Jun. 28, 2025   0          
Beginning balance at Jun. 28, 2025 9,978 $ 0 0 10,113 0 (228) 93
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 654     644     10
Net transfers from (to) Parent (610)     (610)      
Other comprehensive income (loss) 1         1  
Dividends to noncontrolling interests (6)           (6)
End of the period (in shares) at Sep. 27, 2025   0          
Ending balance at Sep. 27, 2025 $ 10,017 $ 0 0 10,147 0 (227) 97
Beginning of the period (in shares) at Dec. 31, 2025 0 0          
Beginning balance at Dec. 31, 2025 $ 8,496 $ 0 0 8,609 0 (210) 97
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 1,635            
Net transfers from (to) Parent (12,595)     (12,016)   (579)  
Issuance of common stock in connection with Spin-off and reclassification of Net Parent investment (in shares)   316,900,000          
Issuance of common stock in connection with Spin-off and reclassification of Net Parent investment 0 $ 3   2,527 (2,530)    
Issuance of common stock in connection with employee savings and stock plans (in shares)   100,000          
Issuance of common stock in connection with employee savings and stock plans 1   1        
Other comprehensive income (loss) (11)         (11)  
Dividends to noncontrolling interests (43)           (43)
Stock-based compensation expense $ 28   28        
End of the period (in shares) at Sep. 26, 2026 317,000,000.0 317,000,000.0          
Ending balance at Sep. 26, 2026 $ (2,489) $ 3 29 0 (1,804) (800) 83
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest 1,635     880 726   29
Beginning of the period (in shares) at Jun. 27, 2026   0          
Beginning balance at Jun. 27, 2026 (5,623) $ 0 0 (5,487) 0 (210) 74
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 737       726   11
Net transfers from (to) Parent 2,381     2,960   (579)  
Issuance of common stock in connection with Spin-off and reclassification of Net Parent investment (in shares)   316,900,000          
Issuance of common stock in connection with Spin-off and reclassification of Net Parent investment 0 $ 3   2,527 (2,530)    
Issuance of common stock in connection with employee savings and stock plans (in shares)   100,000          
Issuance of common stock in connection with employee savings and stock plans 1   1        
Other comprehensive income (loss) (11)         (11)  
Dividends to noncontrolling interests (2)           (2)
Stock-based compensation expense $ 28   28        
End of the period (in shares) at Sep. 26, 2026 317,000,000.0 317,000,000.0          
Ending balance at Sep. 26, 2026 $ (2,489) $ 3 $ 29 $ 0 $ (1,804) $ (800) $ 83