Income Taxes (Tables)

12 Months Ended

Sep. 27, 2025

Income Taxes [Abstract]

Components of Income Tax Expense

The Company is being taxed at the U.S. corporate level as a C-Corporation and has provided for U.S. Federal, State and foreign income taxes.  Significant components of income tax expense for the fiscal years ended are as follows:

		2025			2024			2023
Current
U.S.
Federal	$	3		$	8		$	12
State		1			1			1
Non-U.S.		16			19			30
Total current		20			28			43
Deferred:
U.S.
Federal		(30	)		(4	)		(5	)
State		(1	)		(1	)		(2	)
Non-U.S.		4			(4	)		(2	)
Total deferred		(27	)		(9	)		(9	)
Expense (benefit) for income taxes	$	(7	)	$	19		$	34

Effective Income Tax Rate Reconciliation

The reconciliation between U.S. Federal income tax expense at the statutory rate and the Company’s expense for income taxes for fiscal years ended are as follows:

		2025			2024			2023
U.S. Federal income tax expense (benefit) at the statutory rate	$	(35	)	$	(28	)	$	15
Adjustments to reconcile to the income tax provision:
U.S. state income tax expense		(3	)		—			—
Federal and state credits		(1	)		(1	)		(1	)
Share-based compensation		4			—			—
Withholding taxes		(1	)		2			6
Changes in valuation allowance		31			11			5
Foreign income taxed in the U.S.		2			—			1
Brazil ICMS rate reduction		(4	)		(6	)		(2	)
Foreign operations, inclusive of rate differential		(7	)		—			3
Uncertain tax positions		2			(5	)		2
Goodwill impairment		—			44			—
Other		5			2			5
Expense (benefit) for income taxes		(7	)	$	19		$	34

Net Deferred Income Tax Asset (Liability)

Deferred income taxes result from temporary differences between the amount of assets and liabilities recognized for financial reporting and tax purposes.  The components of the net deferred income tax liability as of fiscal years ended are as follows:

		2025			2024
Deferred tax assets:
Accrued liabilities and reserves	$	6		$	7
Inventories		22			3
Net operating loss carryforwards		250			103
Lease liability		9			12
Foreign tax credit carryforwards		35			19
Capitalization research and development expenditures		10			9
Hedges		23			—
Interest limitation carryforwards		68			—
Other		14			3
Total deferred tax assets		437			156
Valuation allowance		(199	)		(36	)
Total deferred tax assets, net of valuation allowance		238			120
Deferred tax liabilities:
Property, plant and equipment		139			68
Intangible assets		40			50
Leased asset		8			12
Other		21			11
Total deferred tax liabilities		208			141
Net deferred tax asset (liability)	$	30		$	(21	)

Gross Unrecognized Tax Benefits

The following table summarizes the activity related to our gross unrecognized tax benefits for fiscal years ended:

		2025			2024
Beginning unrecognized tax benefits	$	12		$	17
Penalties and interest		(4	)		—
Increases recognized through acquisition		38			—
Gross increases – tax positions in prior periods		1			2
Gross increases – current period tax positions		6			—
Settlements		—			(1	)
Lapse of statute of limitations		(8	)		(6	)
Ending unrecognized tax benefits	$	45		$	12