v3.26.3
Leases (Tables)
9 Months Ended
Oct. 03, 2026
Leases [Abstract]  
Components of Lease Expense and Other Information
Components of Lease Expense
Three Months EndedNine Months Ended
(In millions)October 3, 2026September 27, 2025October 3, 2026September 27, 2025
Lease expense:
Operating lease cost$41 $39 $123 $114 
Short-term lease cost1 — 4 — 
Variable cost7 9 32 37 
Sublease income(1)(1)(4)(5)
Net lease expense from operating leases$48 $47 $155 $146 
Other Information Related to Leases
Nine Months Ended
(In millions)October 3, 2026September 27, 2025
Supplemental cash flow information:
Net cash used for operating activities related to operating leases$126 $121 
Right-of-use assets obtained in exchange for lease liabilities63 84 
October 3, 2026December 31, 2025
Weighted average remaining lease terms (years)55
Weighted average discount rate:4.32 %4.21 %
Lease Assets and Liabilities
Lease Assets and Liabilities
(In millions)Statement Line ClassificationOctober 3, 2026December 31, 2025
Right-of-use lease assetsOperating lease assets$534 $581 
Current lease liabilitiesAccrued liabilities145 133 
Operating lease liabilitiesOperating lease liabilities409 471 
Future Lease Payments, Operating
Future Lease Payments
October 3, 2026
(In millions)Operating Leases
Remainder of 2026$35 
2027163 
2028137 
2029104 
203052 
Thereafter134 
Total lease payments625 
Less: interest71 
Present value of lease liabilities$554