v3.26.3
Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 26, 2026
Sep. 27, 2025
Sep. 26, 2026
Sep. 27, 2025
Income Statement [Abstract]        
Net sales $ 6,115 $ 6,237 $ 18,424 $ 18,588
Cost of products sold 4,127 4,247 12,189 12,351
Gross profit 1,988 1,990 6,235 6,237
Selling, general and administrative expenses, excluding impairment losses 1,041 930 3,209 2,689
Goodwill impairment losses 69 35 2,510 6,729
Intangible asset impairment losses 3 0 4,927 2,572
Selling, general and administrative expenses 1,113 965 10,646 11,990
Operating income/(loss) 875 1,025 (4,411) (5,753)
Interest expense/(income) 210 240 415 709
Other expense/(income) (39) (22) (164) (120)
Income/(loss) before income taxes 704 807 (4,662) (6,342)
Provision for/(benefit from) income taxes 168 194 (537) 154
Net income/(loss) 536 613 (4,125) (6,496)
Net income/(loss) attributable to noncontrolling interest (8) (2) (7) 1
Net income/(loss) attributable to common shareholders $ 544 $ 615 $ (4,118) $ (6,497)
Per share data applicable to common shareholders:        
Basic earnings/(loss) per common share (in dollars per share) $ 0.46 $ 0.52 $ (3.47) $ (5.47)
Diluted earnings/(loss) per common share (in dollars per share) $ 0.46 $ 0.52 $ (3.47) $ (5.47)