INCOME TAXES (Notes)

3 Months Ended

Mar. 29, 2025

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

The consolidated effective tax rate for the quarters ended March 29, 2025 and March 30, 2024 was 19% and 23%, respectively. The decrease in the consolidated effective tax rate from the prior year quarter is due primarily to higher windfall benefit related to vesting of stock-based compensation versus the prior year quarter.

The Company’s total gross unrecognized tax benefits as of March 29, 2025 was $33 million. Of this balance, $29 million represents the amount that, if recognized, would affect the Company’s effective income tax rate in future periods.