v3.26.3
Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Treasury Stock
Accumulated Other Comprehensive Income
Common stock outstanding, beginning balance (in shares) at Dec. 28, 2024   254.7        
Balance at beginning of period at Dec. 28, 2024 $ 4,528 $ 3 $ 3,748 $ 2,003 $ (1,269) $ 43
Treasury stock, common, beginning balance (in shares) at Dec. 28, 2024         24.2  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation expense 22   22      
Proceeds from employee stock purchase plan (in shares)   0.1        
Proceeds from employee share purchase plan 6   6      
Vested restricted stock units, net (in shares)   1.0        
Exercise of stock options 1   1      
Tax withholding payments for net share-settled equity awards (33)   (33)      
Common stock repurchased (in shares)         0.3  
Common stock repurchased (23)       $ (23)  
Net income 115     115    
Common stock outstanding, ending balance (in shares) at Mar. 29, 2025   255.8        
Balance at end of period at Mar. 29, 2025 4,616 $ 3 3,744 2,118 $ (1,292) 43
Treasury stock, common, ending balance (in shares) at Mar. 29, 2025         24.5  
Common stock outstanding, beginning balance (in shares) at Dec. 28, 2024   254.7        
Balance at beginning of period at Dec. 28, 2024 4,528 $ 3 3,748 2,003 $ (1,269) 43
Treasury stock, common, beginning balance (in shares) at Dec. 28, 2024         24.2  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 492          
Common stock outstanding, ending balance (in shares) at Sep. 27, 2025   256.4        
Balance at end of period at Sep. 27, 2025 4,471 $ 3 3,804 2,495 $ (1,874) 43
Treasury stock, common, ending balance (in shares) at Sep. 27, 2025         31.8  
Common stock outstanding, beginning balance (in shares) at Mar. 29, 2025   255.8        
Balance at beginning of period at Mar. 29, 2025 4,616 $ 3 3,744 2,118 $ (1,292) 43
Treasury stock, common, beginning balance (in shares) at Mar. 29, 2025         24.5  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation expense 23   23      
Proceeds from employee stock purchase plan (in shares)   0.1        
Proceeds from employee share purchase plan 10   10      
Vested restricted stock units, net (in shares)   0.1        
Exercise of stock options (in shares)   0.2        
Exercise of stock options 4   4      
Tax withholding payments for net share-settled equity awards (1)   (1)      
Common stock repurchased (in shares)         3.2  
Common stock repurchased (250)       $ (250)  
Net income 224     224    
Common stock outstanding, ending balance (in shares) at Jun. 28, 2025   256.2        
Balance at end of period at Jun. 28, 2025 4,626 $ 3 3,780 2,342 $ (1,542) 43
Treasury stock, common, ending balance (in shares) at Jun. 28, 2025         27.7  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation expense 19   19      
Proceeds from employee stock purchase plan (in shares)   0.1        
Proceeds from employee share purchase plan 5   5      
Vested restricted stock units, net (in shares)   0.1        
Exercise of stock options 1   1      
Tax withholding payments for net share-settled equity awards (1)   (1)      
Common stock repurchased (in shares)         4.1  
Common stock repurchased (332)       $ (332)  
Net income 153     153    
Common stock outstanding, ending balance (in shares) at Sep. 27, 2025   256.4        
Balance at end of period at Sep. 27, 2025 $ 4,471 $ 3 3,804 2,495 $ (1,874) 43
Treasury stock, common, ending balance (in shares) at Sep. 27, 2025         31.8  
Common stock outstanding, beginning balance (in shares) at Dec. 27, 2025 220.5 256.6        
Balance at beginning of period at Dec. 27, 2025 $ 4,307 $ 3 3,777 2,679 $ (2,200) 48
Treasury stock, common, beginning balance (in shares) at Dec. 27, 2025 36.1       36.1  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation expense $ 22   22      
Proceeds from employee share purchase plan 7   7      
Vested restricted stock units, net (in shares)   1.0        
Exercise of stock options (in shares)   0.3        
Exercise of stock options 7   7      
Tax withholding payments for net share-settled equity awards (51)   (51)      
Common stock repurchased (in shares)         1.4  
Common stock repurchased (75)   50   $ (125)  
Net income 116     116    
Common stock outstanding, ending balance (in shares) at Mar. 28, 2026   257.9        
Balance at end of period at Mar. 28, 2026 $ 4,333 $ 3 3,812 2,795 $ (2,325) 48
Treasury stock, common, ending balance (in shares) at Mar. 28, 2026         37.5  
Common stock outstanding, beginning balance (in shares) at Dec. 27, 2025 220.5 256.6        
Balance at beginning of period at Dec. 27, 2025 $ 4,307 $ 3 3,777 2,679 $ (2,200) 48
Treasury stock, common, beginning balance (in shares) at Dec. 27, 2025 36.1       36.1  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 609          
Common stock outstanding, ending balance (in shares) at Sep. 26, 2026 214.7 258.3        
Balance at end of period at Sep. 26, 2026 $ 4,335 $ 3 3,886 3,288 $ (2,890) 48
Treasury stock, common, ending balance (in shares) at Sep. 26, 2026 43.6       43.6  
Common stock outstanding, beginning balance (in shares) at Mar. 28, 2026   257.9        
Balance at beginning of period at Mar. 28, 2026 $ 4,333 $ 3 3,812 2,795 $ (2,325) 48
Treasury stock, common, beginning balance (in shares) at Mar. 28, 2026         37.5  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation expense 32   32      
Proceeds from employee stock purchase plan (in shares)   0.2        
Proceeds from employee share purchase plan 10   10      
Exercise of stock options (in shares)   0.1        
Exercise of stock options 3   3      
Common stock repurchased (in shares)         4.4  
Common stock repurchased (374)       $ (374)  
Net income 275     275    
Common stock outstanding, ending balance (in shares) at Jun. 27, 2026   258.2        
Balance at end of period at Jun. 27, 2026 4,279 $ 3 3,857 3,070 $ (2,699) 48
Treasury stock, common, ending balance (in shares) at Jun. 27, 2026         41.9  
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Share-based compensation expense 22   22      
Proceeds from employee stock purchase plan (in shares)   0.1        
Proceeds from employee share purchase plan 6   6      
Exercise of stock options 1   1      
Common stock repurchased (in shares)         1.7  
Common stock repurchased (191)       $ (191)  
Net income $ 218     218    
Common stock outstanding, ending balance (in shares) at Sep. 26, 2026 214.7 258.3        
Balance at end of period at Sep. 26, 2026 $ 4,335 $ 3 $ 3,886 $ 3,288 $ (2,890) $ 48
Treasury stock, common, ending balance (in shares) at Sep. 26, 2026 43.6       43.6