Investments

9 Months Ended

Oct. 03, 2026

Investments, Debt and Equity Securities [Abstract]

A rollforward of the Company’s long-term investments is as follows (in millions):


	Three Months Ended				Nine Months Ended
	October 3, 2026		September 27, 2025		October 3, 2026		September 27, 2025
Balance at the beginning of the period	$	96	$	100	$	103	$	110
Losses on long-term investments	—		(1)		(15)		(11)
Purchases of long-term investments	—		4		—		4
Long-term investment acquired in exchange for sale of business	—		—		9		—
Sale of long-term investments	—		(1)		(1)		(1)
Balance at the end of the period	$	96	$	102	$	96	$	102

As further described in Note 7 Exit and Restructuring Activities, the Company acquired a long-term investment in the first quarter of 2026 as part of the consideration received for the sale of its robotics automation business.

The carrying value of the Company’s long-term investments is included in Other long-term assets on the Consolidated Balance Sheets. Net gains and losses are included within Other expense, net on the Consolidated Statements of Operations.