v3.26.3
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 26, 2026
Sep. 27, 2025
Sep. 26, 2026
Sep. 27, 2025
Statement of Comprehensive Income [Abstract]        
Net sales $ 10,402 $ 10,191 $ 30,544 $ 29,624
Cost of goods sold 8,498 8,438 25,068 24,480
Gross profit 1,904 1,753 5,476 5,144
Operating expenses:        
Distribution, selling and administrative costs 1,499 1,458 4,405 4,246
Restructuring activity and asset impairment charges 34 13 41 20
Total operating expenses 1,533 1,471 4,446 4,266
Operating income 371 282 1,030 878
Other income—net 0 0 (4) (3)
Interest expense—net 78 76 230 227
Income before income taxes 293 206 804 654
Income tax provision 75 53 195 162
Net income 218 153 609 492
Other comprehensive income—net of tax:        
Comprehensive income 218 153 609 492
Net income $ 218 $ 153 $ 609 $ 492
Net income per share        
EPS basic (in dollars per share) $ 1.01 $ 0.68 $ 2.79 $ 2.15
EPS diluted (in dollars per share) $ 1.00 $ 0.67 $ 2.76 $ 2.12
Weighted-average common shares outstanding        
Basic weighted average shares outstanding (in shares) 215.7 225.5 218.2 228.8
Diluted weighted average shares outstanding (in shares) 217.7 228.4 220.5 231.8