v3.26.3
LONG-TERM DEBT (Tables)
9 Months Ended
Sep. 27, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt consists of the following as of September 27, 2026 and December 28, 2025:

As of September 27, 2026As of December 28, 2025
AmountInterest RateAmountInterest Rate
Securitization Financing Facility:
Series 2019 Notes$— — %$488 4.43 %
Series 2021-1 Notes— — %241 2.89 %
Series 2021-1A Notes2292.49 %226 2.49 %
Series 2024 Notes7335.64 %738 5.64 %
Series 2025 Notes3965.61 %399 5.61 %
Series 2026-1 Notes2034.95 %— — %
Series 2026-1A Notes2525.48 %— — %
Total debt, net of discount (a)
$1,813 5.14 %$2,092 4.69 %
Less: Debt issuance costs, net158 
Less: Current portion of long-term debt— 22
Total long-term debt, net$1,798 $2,062 
(a)Includes a purchase accounting fair value adjustment of ($21) million and ($35) million as of September 27, 2026 and December 28, 2025, respectively; total principal as of September 27, 2026 and December 28, 2025 are $1,834 million and $2,127 million, respectively.
Schedule of Principal Payments on Long-Term Debt As of September 27, 2026, the principal payments on Long-term debt due over the next five years and thereafter are as follows:
2026$— 
2027— 
2028— 
2029244 
2030— 
Thereafter1,590 
Total$1,834