Accumulated Other Comprehensive Income/(Losses) (Tables) - AOCI Attributable to Parent

12 Months Ended

Dec. 27, 2025

Accumulated Other Comprehensive Income/(Loss) [Line Items]

Components of and Changes in Accumulated Other Comprehensive Income/(Losses)

The components of, and changes in, accumulated other comprehensive income/(losses), net of tax, were as follows (in millions):

	Foreign Currency Translation Adjustments		Net Postemployment Benefit Plan Adjustments		Net Cash Flow Hedge Adjustments		Net Fair Value Hedges		Total
Balance at December 31, 2022	$	(2,845)	$	(30)	$	65	$	—	$	(2,810)
Foreign currency translation adjustments	307		—		—		—		307
Net deferred gains/(losses) on net investment hedges	(119)		—		—		—		(119)
Amounts excluded from the effectiveness assessment of net investment hedges	28		—		—		—		28
Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss)	(27)		—		—		—		(27)
Net deferred gains/(losses) on cash flow hedges	—		—		3		—		3
Amounts excluded from the effectiveness assessment of cash flow hedges	—		—		19		—		19
Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss)	—		—		(50)		—		(50)
Net actuarial gains/(losses) arising during the period	—		(70)		—		—		(70)
Net postemployment benefit losses/(gains) reclassified to net income/(loss)	—		115		—		—		115
Other activity	22		—		(22)		—		—
Total other comprehensive income/(loss)	211		45		(50)		—		206
Balance at December 30, 2023	(2,634)		15		15		—		(2,604)
Foreign currency translation adjustments	(486)		—		—		—		(486)
Net deferred gains/(losses) on net investment hedges	121		—		—		—		121
Amounts excluded from the effectiveness assessment of net investment hedges	38		—		—		—		38
Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss)	(38)		—		—		—		(38)
Net deferred gains/(losses) on cash flow hedges	—		—		21		—		21
Amounts excluded from the effectiveness assessment of cash flow hedges	—		—		6		—		6
Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss)	—		—		39		—		39
Amounts excluded from the effectiveness assessment of fair value hedges	—		—		—		(23)		(23)
Net deferred losses/(gains) on fair value hedges reclassified to net income/(loss)	—		—		—		(3)		(3)
Net actuarial gains/(losses) arising during the period	—		35		—		—		35
Prior service credits/(costs) arising during the period	—		(7)		—		—		(7)
Net postemployment benefit losses/(gains) reclassified to net income/(loss)	—		(14)		—		—		(14)
Total other comprehensive income/(loss)	(365)		14		66		(26)		(311)
Balance at December 28, 2024	(2,999)		29		81		(26)		(2,915)

Foreign currency translation adjustments	998		—		—		—		998
Net deferred gains/(losses) on net investment hedges	(313)		—		—		—		(313)
Amounts excluded from the effectiveness assessment of net investment hedges	28		—		—		—		28
Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss)	(30)		—		—		—		(30)
Net deferred gains/(losses) on cash flow hedges	—		—		106		—		106
Amounts excluded from the effectiveness assessment of cash flow hedges	—		—		(1)		—		(1)
Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss)	—		—		(173)		—		(173)
Amounts excluded from the effectiveness assessment of fair value hedges	—		—		—		26		26
Net deferred losses/(gains) on fair value hedges reclassified to net income/(loss)	—		—		—		(6)		(6)
Net actuarial gains/(losses) arising during the period	—		(81)		—		—		(81)
Prior service credits/(costs) arising during the period	—		(3)		—		—		(3)
Net postemployment benefit losses/(gains) reclassified to net income/(loss)	—		(6)		—		—		(6)
Other activity	15		—		(15)		—		—
Total other comprehensive income/(loss)	698		(90)		(83)		20		545
Balance at December 27, 2025	$	(2,301)	$	(61)	$	(2)	$	(6)	$	(2,370)

Gross Amount and Related Tax Benefit/(Expense) Recorded in and Associated with each Component of Other Comprehensive Income/(Loss)

The gross amount and related tax benefit/(expense) recorded in, and associated with, each component of other comprehensive income/(loss) were as follows (in millions):

	December 27, 2025						December 28, 2024						December 30, 2023
	Before Tax Amount		Tax		Net of Tax Amount		Before Tax Amount		Tax		Net of Tax Amount		Before Tax Amount		Tax		Net of Tax Amount
Foreign currency translation adjustments	$	998	$	—	$	998	$	(486)	$	—	$	(486)	$	307	$	—	$	307
Net deferred gains/(losses) on net investment hedges	(412)		99		(313)		162		(41)		121		(157)		38		(119)
Amounts excluded from the effectiveness assessment of net investment hedges	37		(9)		28		50		(12)		38		36		(8)		28
Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss)	(39)		9		(30)		(50)		12		(38)		(35)		8		(27)
Net deferred gains/(losses) on cash flow hedges	142		(36)		106		3		18		21		19		(16)		3
Amounts excluded from the effectiveness assessment of cash flow hedges	(1)		—		(1)		—		6		6		20		(1)		19
Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss)	(232)		59		(173)		83		(44)		39		(69)		19		(50)
Amounts excluded from the effectiveness assessment of fair value hedges	35		(9)		26		(37)		14		(23)		—		—		—
Net deferred losses/(gains) on fair value hedges reclassified to net income/(loss)	(10)		4		(6)		(4)		1		(3)		—		—		—
Net actuarial gains/(losses) arising during the period	(107)		26		(81)		45		(10)		35		(78)		8		(70)
Prior service credits/(costs) arising during the period	(4)		1		(3)		(9)		2		(7)		—		—		—
Net postemployment benefit losses/(gains) reclassified to net income/(loss)	(8)		2		(6)		(19)		5		(14)		128		(13)		115

Amounts Reclassified From Accumulated Other Comprehensive Income/(Losses)

The amounts reclassified from accumulated other comprehensive income/(losses) were as follows (in millions):

Accumulated Other Comprehensive Income/(Losses) Component	Reclassified from Accumulated Other Comprehensive Income/(Losses) to Net Income/(Loss)						Affected Line Item in the Statements of Income
	December 27, 2025		December 28, 2024		December 30, 2023
Losses/(gains) on net investment hedges:
Foreign exchange contracts(a)	$	(1)	$	(1)	$	(1)	Interest expense
Cross-currency contracts(a)	(38)		(49)		(34)		Interest expense
Losses/(gains) on cash flow hedges:
Foreign exchange contracts(a) (b)	(14)		(7)		(28)		Cost of products sold
Foreign exchange contracts(a) (b)	—		(54)		20		Other expense/(income)
Cross-currency contracts(a) (b)	(230)		111		(88)		Other expense/(income)
Cross-currency contracts(a) (b)	12		30		27		Interest expense
Interest rate contracts(c)	—		3		—		Other expense/(income
Losses/(gains) on fair value hedges:
Cross-currency contracts(a)	(10)		(4)		—		Other expense/(income
Losses/(gains) on hedges before income taxes	(281)		29		(104)
Losses/(gains) on hedges, income taxes	72		(31)		27
Losses/(gains) on hedges	$	(209)	$	(2)	$	(77)
Losses/(gains) on postemployment benefits:
Amortization of unrecognized losses/(gains)(d)	$	(12)	$	(9)	$	(4)
Amortization of prior service costs/(credits)(d)	(7)		(10)		(14)
Settlement and curtailment losses/(gains)(d)	11		—		146
Losses/(gains) on postemployment benefits before income taxes	(8)		(19)		128
Losses/(gains) on postemployment benefits, income taxes	2		5		(13)
Losses/(gains) on postemployment benefits	$	(6)	$	(14)	$	115

(a)    Represents recognition of the excluded component in net income/(loss) following a systematic and rational approach.

(b)    Includes the effective portion of the related hedges.

(c)    Represents recognition of realized hedge losses resulting from the discontinuance of cash flow hedges because the forecasted transactions were no longer probable of occurring.

(d)    These components are included in the computation of net periodic postemployment benefit costs. See Note 12, Postemployment Benefits, for additional information.

In this note we have excluded activity and balances related to noncontrolling interest due to their insignificance. This activity was primarily related to foreign currency translation adjustments.