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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 28, 2025
Dec. 28, 2024
Current assets    
Cash and cash equivalents $ 1,709 $ 1,426
Trade accounts receivable, net 217 212
Inventories 325 415
Other current assets 146 121
Total current assets 2,397 2,174
Non-current assets    
Property and equipment, net 454 458
Intangible assets, net 1,387 1,609
Goodwill 8,200 8,200
Other long-term assets 140 138
Total non-current assets 10,181 10,405
TOTAL ASSETS 12,578 12,579
Current liabilities    
Accounts payable and accrued expenses 199 190
Employee related accrued expenses 115 105
Related party payable 4 4
Other current liabilities 29 34
Total current liabilities 347 333
Non-current liabilities    
Long-term employee benefits 69 62
Deferred tax liabilities 36 47
Other long-term liabilities 60 50
Total non-current liabilities 165 159
Contingencies (see note 11)
TOTAL LIABILITIES 512 492
Equity    
Additional paid-in capital 15,270 15,137
Accumulated other comprehensive income (loss) 17 2
Retained earnings (accumulated deficit) (3,229) (3,060)
TOTAL EQUITY 12,066 12,087
TOTAL LIABILITIES AND EQUITY 12,578 12,579
Class A common stock    
Equity    
Common stock 1 1
Class B common stock    
Equity    
Common stock $ 7 $ 7