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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Millions
Common Stock
Additional paid-in capital
Parent Net Investment
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated deficit)
Total
Beginning balance at Dec. 25, 2021 $ 0 $ 0 $ 15,884,000,000 $ 5,000,000 $ 0 $ 15,889,000,000
Net income (loss) 0 0 (67,000,000) 0 0 (67,000,000)
Tax sharing agreement with Parent 0 0 (7,000,000) 0 0 (7,000,000)
Other comprehensive income (loss), net 0 0 0 (29,000,000) 0 (29,000,000)
Equity transaction in connection with the legal purchase of Moovit entities 0 0 (900,000,000) 0 0 (900,000,000)
Dividend Note with related party 0 0 (3,500,000,000) 0 0 (3,500,000,000)
Dividend Distribution 0 0 (336,000,000) 0 0 (336,000,000)
Net transfer from (to) Parent $ 0 0 149,000,000 0 0 149,000,000
Ending balance (in shares) at Jul. 02, 2022 0          
Ending balance at Jul. 02, 2022 $ 0 0 11,223,000,000 (24,000,000) 0 11,199,000,000
Beginning balance (in shares) at Apr. 02, 2022 0          
Beginning balance at Apr. 02, 2022 $ 0 0 15,937,000,000 2,000,000 0 15,939,000,000
Net income (loss) 0 0 (7,000,000) 0 0 (7,000,000)
Tax sharing agreement with Parent 0 0 (7,000,000) 0 0 (7,000,000)
Other comprehensive income (loss), net 0 0 0 (26,000,000) 0 (26,000,000)
Equity transaction in connection with the legal purchase of Moovit entities 0 0 (900,000,000) 0 0 (900,000,000)
Dividend Note with related party 0 0 (3,500,000,000) 0 0 (3,500,000,000)
Dividend Distribution 0 0 (336,000,000) 0 0 (336,000,000)
Net transfer from (to) Parent $ 0 0 36,000,000 0 0 36,000,000
Ending balance (in shares) at Jul. 02, 2022 0          
Ending balance at Jul. 02, 2022 $ 0 0 11,223,000,000 (24,000,000) 0 11,199,000,000
Beginning balance (in shares) at Dec. 31, 2022 802          
Beginning balance at Dec. 31, 2022 $ 9,000,000 14,737,000,000 0 (9,000,000) 57,000,000 14,794,000,000
Net income (loss) 0 0 0 0 (107,000,000) (107,000,000)
Share-based compensation expense 0 (127,000,000) 0 0 0 (127,000,000)
Recharge to Parent for Share-based compensation 0 (22,000,000) 0 0 0 (22,000,000)
Issuance of common stock under employee share-based compensation plans $ 0 0 0 0 0 0
Issuance of common stock under employee share-based compensation plans (Shares) 4          
Secondary offering $ 0 [1] 0 0 0 0 0 [1]
Other comprehensive income (loss), net $ 0 0 0 9,000,000 0 9,000,000
Ending balance (in shares) at Jul. 01, 2023 806          
Ending balance at Jul. 01, 2023 $ 8,000,000 14,842,000,000 0 0 (50,000,000) 14,800,000,000
Beginning balance (in shares) at Apr. 01, 2023 802          
Beginning balance at Apr. 01, 2023 $ 9,000,000 14,800,000,000 0 0 (22,000,000) 14,787,000,000
Net income (loss) 0 0 0 0 (28,000,000) (28,000,000)
Tax sharing agreement with Parent 0 5,000,000 0 0 0 5,000,000
Share-based compensation expense 0 55,000,000 0 0 0 55,000,000
Recharge to Parent for Share-based compensation 0 (18,000,000) 0 0 0 (18,000,000)
Issuance of common stock under employee share-based compensation plans $ 0 0 0 0 0 0
Issuance of common stock under employee share-based compensation plans (Shares) 4          
Secondary offering $ 0 [1] 0 0 0 0 0 [1]
Ending balance (in shares) at Jul. 01, 2023 806          
Ending balance at Jul. 01, 2023 $ 8,000,000 $ 14,842,000,000 $ 0 $ 0 $ (50,000,000) $ 14,800,000,000
[1] Rounding of Class A and Class B share amounts due to Secondary offering.