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Stockholders' Equity and Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 27, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Share Activity
The following table summarizes the Company’s share activity (shares in millions):
Three-Month Period EndedSix-Month Period Ended
June 27, 2025June 28, 2024June 27, 2025June 28, 2024
Common stock - shares issued:
Balance, beginning of period885.6 882.3 884.3 880.5 
Common stock-based compensation awards0.3 0.9 1.6 2.7 
Balance, end of period885.9 883.2 885.9 883.2 
Components of Stock-Based Compensation Program
The following summarizes the components of the Company’s stock-based compensation expense ($ in millions):
 Three-Month Period EndedSix-Month Period Ended
 June 27, 2025June 28, 2024June 27, 2025June 28, 2024
RSUs/PSUs:
Pretax compensation expense$53 $46 $88 $78 
Income tax benefit(11)(10)(18)(16)
RSU/PSU expense, net of income taxes42 36 70 62 
Stock options:
Pretax compensation expense38 41 64 69 
Income tax benefit(8)(8)(13)(14)
Stock option expense, net of income taxes30 33 51 55 
Total stock-based compensation:
Pretax compensation expense91 87 152 147 
Income tax benefit(19)(18)(31)(30)
Total stock-based compensation expense, net of income taxes$72 $69 $121 $117 
Components of Accumulated Other Comprehensive Income (Loss)
The changes in accumulated OCI by component are summarized below ($ in millions).
Foreign Currency Translation AdjustmentsPension and Postretirement Plan Benefit AdjustmentsCash Flow Hedge AdjustmentsAccumulated Comprehensive Income (Loss)
For the Three-Month Period Ended June 27, 2025:
Balance, March 28, 2025$(1,455)$(299)$142 $(1,612)
OCI before reclassifications:
Increase (decrease)979 — (200)779 
Income tax impact49 — — 49 
OCI before reclassifications, net of income taxes1,028 — (200)828 
Reclassification adjustments:
Increase (decrease)— 2 (a)213 (b)215 
Income tax impact— — — — 
Reclassification adjustments, net of income taxes— 2 213 215 
Net OCI, net of income taxes1,028 2 13 1,043 
Balance, June 27, 2025$(427)$(297)$155 $(569)
For the Three-Month Period Ended June 28, 2024:
Balance, March 29, 2024$(2,394)$(399)$49 $(2,744)
OCI before reclassifications:
Increase (decrease)133 — 55 188 
Income tax impact(12)— — (12)
OCI before reclassifications, net of income taxes121 — 55 176 
Reclassification adjustments:
Increase (decrease)— 2 (a)(24)(b)(22)
Income tax impact— — (1)(1)
Reclassification adjustments, net of income taxes— 2 (25)(23)
Net OCI, net of income taxes121 2 30 153 
Balance, June 28, 2024
$(2,273)$(397)$79 $(2,591)
Foreign Currency Translation AdjustmentsPension and Postretirement Plan Benefit AdjustmentsCash Flow Hedge AdjustmentsAccumulated Comprehensive Income (Loss)
For the Six-Month Period Ended June 27, 2025:
Balance, December 31, 2024$(2,904)$(300)$(14)$(3,218)
OCI before reclassifications:
Increase (decrease)2,415 — (161)2,254 
Income tax impact62 — — 62 
OCI before reclassifications, net of income taxes2,477 — (161)2,316 
Reclassification adjustments:
Increase (decrease)— 4 (a)330 (b)334 
Income tax impact— (1)— (1)
Reclassification adjustments, net of income taxes— 3 330 333 
Net OCI, net of income taxes2,477 3 169 2,649 
Balance, June 27, 2025$(427)$(297)$155 $(569)
For the Six-Month Period Ended June 28, 2024:
Balance, December 31, 2023$(1,446)$(401)$99 $(1,748)
OCI before reclassifications:
Increase (decrease)(802)— 78 (724)
Income tax impact(25)— — (25)
OCI before reclassifications, net of income taxes(827)— 78 (749)
Reclassification adjustments:
Increase (decrease)— 5 (a)(97)(b)(92)
Income tax impact— (1)(1)(2)
Reclassification adjustments, net of income taxes— 4 (98)(94)
Net OCI, net of income taxes(827)4 (20)(843)
Balance, June 28, 2024
$(2,273)$(397)$79 $(2,591)
(a) This accumulated other comprehensive income (loss) component is included in the computation of net periodic benefit cost (refer to Note 7 for additional details).
(b) Reflects reclassification to earnings related to cash flow hedges of certain long-term debt (refer to Note 11 for additional details).