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Financial Instruments and Fair Value Measurements (Tables)
12 Months Ended
Sep. 27, 2025
Financial Instruments and Fair Value Measurements [Abstract]  
Fair Value of Derivatives and Location on Consolidated and Combined Balance Sheets
The Company records the fair value positions of all derivative financial instruments on a net basis by counterparty for which a master netting arrangement is utilized. Balances on a gross basis are as follows:
 
Derivative Instruments Hedge Designation Balance Sheet Location 2025 2024
Cross-currency swaps Designated Other long-term liabilities $(99)  $ — 
Effect of Derivatives on Consolidated and Combined Statements of Operations
The effect of the Company’s derivative instruments on the Consolidated and Combined Statements of Operations is as follows:
 
Derivative Instruments Statements of Operations Location 2025 2024 2023
Cross-currency swaps Interest expense, net $9  $ —  $ — 
Assets Measured at Fair Value on Non-Recurring Basis
Included in the following tables are the major categories of assets and their current carrying values, along with the impairment loss recognized on the fair value measurement for the period then ended:
 
  2025
  Level 1 Level 2 Level 3 Total Impairment
Indefinite-lived trademarks $—   $—   $26  $26  $—  
Goodwill  —    —    663   663   —  
Definite lived intangible assets  —    —    201   201   —  
Property, plant, and equipment  —    —    1,476   1,476   —  
Total $—   $—   $2,366  $2,366  $—  
 
  2024
  Level 1 Level 2 Level 3 Total Impairment
Indefinite-lived trademarks $—   $—   $26  $26  $—  
Goodwill  —    —    624   624   (171) 
Definite lived intangible assets  —    —    200   200   (1) 
Property, plant, and equipment  —    —    949   949   —  
Total $—   $—   $1,799  $1,799  $(172)