Common Stock and Stock-based Compensation (Tables)
shares in Thousands

6 Months Ended

Jun. 27, 2026

shares

Equity [Abstract]

Schedule of Common Shares Outstanding

Common Stock

Shares of common stock outstanding were as follows:

	Three Months Ended		Six Months Ended
	June 27, 2026	June 28, 2025	June 27, 2026	June 28, 2025
	(In millions)
Balance, beginning of period	1,630	1,616	1,630	1,622
Common stock issued under employee equity plans	3	3	4	4
Common stock repurchases for tax withholding on equity awards	(1)	—	(1)	—
Repurchases of common stock	—	(5)	(1)	(12)
Common stock issued in the acquisition of ZT Systems	—	8	—	8
Balance, end of period	1,632	1,622	1,632	1,622

Treasury Stock

During the three months ended June 27, 2026, the Company retired 66.9 million of treasury shares, which returned to the status of authorized but unissued shares. The excess of purchase price over par value was allocated between additional paid-in capital and retained earnings.

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 Ended				Six Months Ended
	June 27, 2026		June 28, 2025		June 27, 2026		June 28, 2025
	(In millions)
Cost of sales	$	8	$	6	$	16	$	11
Research and development	392		290		779		572
Marketing, general and administrative	103		73		195		150
Total	$	503	$	369	$	990	$	733

Stock Repurchased During Period, Shares

1,100