STOCK-BASED COMPENSATION (Tables)
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9 Months Ended |
Sep. 26, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Share-Based Compensation Expense |
The Company records stock-based compensation expense as a component of Selling, general and administrative expenses and Cost of goods sold in the unaudited Condensed Consolidated Statements of Comprehensive Income. The following table presents the stock-based compensation expense for the three and nine months ended September 26, 2026 and September 27, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | (in millions) | Three Months Ended | | Nine months ended | | Classification | September 26, 2026 | | September 27, 2025 | | September 26, 2026 | | September 27, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Equity-classified awards | $ | 29 | | | $ | 14 | | | $ | 80 | | | $ | 44 | | | Liability-classified awards | — | | | 1 | | | 1 | | | 5 | | | Total | $ | 29 | | | $ | 15 | | | $ | 81 | | | $ | 49 | | | | | | | | | | | | | | | | | | | |
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| Schedule of Nonvested Share Activity |
The following table summarizes the Incentive Units activity and related information for the nine months ended September 26, 2026: | | | | | | | | | | | | | Incentive Units | | Wtd. Avg. Grant Date Fair Value | | Unvested as of December 31, 2025 | 14,538,818 | | | $ | 5.86 | | | Granted | — | | | — | | | Vested | (2,772,508) | | | 5.94 | | | Forfeited | (728,736) | | | 6.55 | | | Unvested as of September 26, 2026 | 11,037,574 | | | $ | 5.79 | |
| | | | | | | | | | | | | | | | | | | | | | | | | RSUs | | Wtd. Avg. Grant Date Fair Value | | PSUs | | Wtd. Avg. Grant Date Fair Value | | Unvested as of December 31, 2025 | 523,795 | | | $ | 29.00 | | | — | | | — | | | Granted | 1,926,984 | | | 42.71 | | | 1,206,267 | | | $ | 44.05 | | | Vested | (441,452) | | | 33.42 | | | — | | | — | | | Forfeited | (73,752) | | | 43.36 | | | (63,565) | | | 44.05 | | | Unvested as of September 26, 2026 | 1,935,575 | | | $ | 41.10 | | | 1,142,702 | | | $ | 44.05 | |
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| Schedule of Nonvested Restricted Stock Shares Activity |
The following table summarizes the RSAs activity and related information for the nine months ended September 26, 2026: | | | | | | | | | | | | | RSAs | | Wtd. Avg. Grant Date Fair Value | | Unvested as of December 31, 2025 | 1,958,657 | | | $ | 29.00 | | | Granted | — | | | — | | | Vested | (425,912) | | | 29.00 | | | Forfeited | (29,326) | | | 29.00 | | | Unvested as of September 26, 2026 | 1,503,419 | | | $ | 29.00 | |
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| Schedule of Stock Option Activity |
The following table summarizes option activity and related information for the nine months ended September 26, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Options | | Wtd. Avg. Grant Date Fair Value | | Wtd. Avg. Exercise Price | | Average Remaining Contractual Term
(in years) | | Aggregate Intrinsic Value
(in millions) | | Outstanding as of December 31, 2025 | 6,770,442 | | | $ | 11.97 | | | $ | 29.00 | | | | | | | Granted | — | | | — | | | — | | | | | | | Exercised | (319,704) | | | 10.54 | | | 29.00 | | | | | | | Forfeited | (156,452) | | | 12.31 | | | 29.00 | | | | | | | Outstanding as of September 26, 2026 | 6,294,286 | | | $ | 11.98 | | | $ | 29.00 | | | 9.2 | | $ | 36 | | | Exercisable as of September 26, 2026 | 2,754,729 | | | $ | 11.81 | | | $ | 29.00 | | | 9.2 | | $ | 16 | | | Expected to vest as of September 26, 2026 | 3,539,557 | | | $ | 12.10 | | | $ | 29.00 | | | 9.2 | | $ | 20 | |
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