v3.26.3
Restructuring Activities (Tables)
 9 Months Ended
Sep. 26, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Reserve by Type of Cost
Our net liability balance for restructuring project costs that qualify as exit and disposal costs under U.S. GAAP was (in millions):
Severance and Employee Benefit CostsOther Exit CostsTotal
Balance at December 27, 2025$9 $2 $11 
Charges/(credits)15 — 15 
Cash payments(10)(1)(11)
Balance at September 26, 2026$14 $1 $15 
Restructuring Costs by Type and Income Statement Location
Total expense/(income) related to restructuring activities, by income statement caption, were (in millions):
For the Three Months EndedFor the Nine Months Ended
September 26, 2026September 27, 2025September 26, 2026September 27, 2025
Severance and employee benefit costs - Cost of products sold$(1)$2 $9 $1 
Severance and employee benefit costs - SG&A6 4 6 8 
Asset-related costs - Cost of products sold2 — 22 — 
Other costs - SG&A— — 1 1 
Other costs - Other expense/(income)— (2)(45)8 
$7 $4 $(7)$18 
Restructuring Costs Excluded from Segments The pre-tax impact of allocating such expenses/(income) to our segments would have been (in millions):
For the Three Months EndedFor the Nine Months Ended
September 26, 2026September 27, 2025September 26, 2026September 27, 2025
North America$— $— $(46)$15 
Europe and Pacific Developed Markets10 4 42 1 
Emerging Markets— (4)— (5)
General corporate expenses(3)4 (3)7 
$7 $4 $(7)$18