Restructuring and Other Activities

12 Months Ended

Sep. 27, 2025

Restructuring and Other Activities [Abstract]

Restructuring and Other Activities

9. Restructuring and Other Activities

In the current fiscal year, the Company announced cost savings initiatives including plant rationalizations in all segments as part of the Project CORE restructuring plan. The project is expected to be carried out over the next two years, with the operations savings intended to counter general economic softness.

The table below sets forth the significant components of the Restructuring and other activities, including supply chain financing activity charges recognized for the periods presented, by reportable segment:

		2025		2024		2023
Americas	$	51	$	14	$	17
Rest of World		38		16		7
Consolidated	$	89	$	30	$	24

The table below sets forth the activity with respect to the Restructuring and other activities accrual at September 27, 2025:

	Restructuring
		Employee Severance			Facility Exit			Non-Cash			Transaction
		and Benefits			Costs			Charges			and Other(a)			Total
Balance as of fiscal 2022	$	—		$	—		$	—		$	4		$	4
Charges		10			1			—			13			24
Cash		(10	)		(1	)		—			(17	)		(28	)
Balance as of fiscal 2023	$	—		$	—		$	—		$	—		$	—
Charges		13			3			3			11			30
Non-cash items		—			—			(3	)		—			(3	)
Cash		(5	)		(3	)		—			(11	)		(19	)
Balance as of fiscal 2024	$	8		$	—		$	—		$	—		$	8
Charges		26			2			5			56			89
Non-cash items		—			—			(5	)		—			(5	)
Cash payments		(21	)		(2	)		—			(54	)		(77	)
Balance as of fiscal 2025	$	13		$	—		$	—		$	2		$	15

(a)    Includes $19 million of Transaction related compensation

Since 2023, cumulative costs attributed to restructuring programs total $63 million.