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Common Stock and Stock-based Compensation (Tables)
6 Months Ended
Jun. 28, 2025
Equity [Abstract]  
Schedule of Common Shares Outstanding
Common Stock
On May 14, 2025, the Company’s stockholders approved the Company’s Amended and Restated Certificate of Incorporation to increase the number of authorized shares of common stock from 2.25 billion shares to 4.0 billion shares.
Shares of common stock outstanding were as follows:
Three Months EndedSix Months Ended
June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
(In millions)
Balance, beginning of period1,616 1,618 1,622 1,616 
Common stock issued under employee equity plans
Common stock repurchases for tax withholding on equity awards— — — (1)
Repurchases of common stock(5)(2)(12)(2)
Common stock issued in the acquisition of ZT Systems— — 
Balance, end of period1,622 1,618 1,622 1,618 
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Stock-based Compensation
Stock-based compensation expense recorded in the consolidated statements of operations was as follows: 
Three Months EndedSix Months Ended
June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
(In millions)
Cost of sales$$$11 $11 
Research and development290 262 572 541 
Marketing, general and administrative73 79 150 165 
Total $369 $346 $733 $717