Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 27, 2025

Basis of Presentation and Summary of Significant Accounting Policies [Abstract]

Inventories

Inventories are stated at the lower of cost or net realizable value and are valued using the first-in, first-out method. Management periodically reviews inventory balances, using recent and future expected sales to identify slow-moving and/or obsolete items. We evaluate our reserve for inventory obsolescence on a quarterly basis and review inventory on-hand to determine future salability. We base our determinations on the age of the inventory and the experience of our personnel. We reserve inventory that we deem to be not salable in the quarter in which we make the determination. We believe, based on past history and our policies and procedures, that our net inventory is salable. Inventory, including reserves of $25 million and $15 million as of fiscal years 2025 and 2024, respectively was: 

Inventories:		2025		2024
Finished goods	$	303	$	156
Raw materials		171		103
	$	474	$	259

Property, Plant and Equipment

Property, plant and equipment are stated at cost.  Depreciation is computed primarily by the straight-line method over the estimated useful lives of the assets ranging from 15 to 40 years for buildings and improvements, 2 to 20 years for machinery, equipment, and tooling, and over the term of the agreement for finance leases. Leasehold improvements are depreciated over the shorter of the useful life of the improvement or the lease term.  Repairs and maintenance costs are charged to expense as incurred.  Property, plant and equipment as of fiscal 2025 and 2024 was:

Property, plant and equipment:		2025			2024
Land, buildings and improvements	$	653		$	376
Equipment and construction in progress		1,986			1,543
		2,639			1,919
Less accumulated depreciation		(1,163	)		(970	)
	$	1,476		$	949

Goodwill

The changes in the carrying amount of goodwill are as follows:

		Americas			Rest of World			Total
Balance as of fiscal 2023	$	589		$	205		$	794
Goodwill impairment		—			(171	)		(171	)
Foreign currency translation adjustment		(4	)		5			1
Balance as of fiscal 2024	$	585		$	39		$	624
Foreign currency translation adjustment		1			2			3
Acquisitions		36			—			36
Balance as of fiscal 2025	$	622		$	41		$	663

Intangible Assets

		Customer				Other			Accumulated
		Relationships		Trademarks		Intangibles			Amortization			Total
Balance as of fiscal 2023	$	610	$	30	$	84		$	(449	)	$	275
Amortization expense		—		—		—			(48	)		(48	)
Impairment		—		—		(1	)		—			(1	)
Balance as of fiscal 2024	$	610	$	30	$	83		$	(497	)	$	226
Foreign currency translation adjustment		3		—		—			(3	)		—
Amortization expense		—		—		—			(50	)		(50	)
Acquisition		49		2		—			—			51
Balance as of fiscal 2025	$	662	$	32	$	83		$	(550	)	$	227

Annual Lease Commitments Under Operating Leases

At September 27, 2025, annual lease commitments were as follows:

		Operating Leases
2026	$	18
2027		14
2028		12
2029		9
2030		6
Thereafter		12
Total lease payments		71
Less: Interest		(8	)
Present value of lease liabilities	$	63