Accumulated Other Comprehensive (Loss) Income (Tables)

3 Months Ended

Mar. 29, 2025

The changes in each component of AOCI during the three months ended March 29, 2025 and March 30, 2024 were as follows (in millions):


	Unrealized gain (loss) on sales hedging		Foreign currency translation adjustments		Total
Balance at December 31, 2023	$	(5)	$	(49)	$	(54)
Other comprehensive income (loss) before reclassifications	13		(5)		8
Amounts reclassified from AOCI(1)	(1)		—		(1)
Tax effect	(3)		—		(3)
Other comprehensive income (loss), net of tax	9		(5)		4
Balance at March 30, 2024	$	4	$	(54)	$	(50)

Balance at December 31, 2024	$	22	$	(66)	$	(44)
Other comprehensive income (loss) before reclassifications	(28)		7		(21)
Amounts reclassified from AOCI(1)	(9)		—		(9)
Tax effect	9		—		9
Other comprehensive income (loss), net of tax	(28)		7		(21)
Balance at March 29, 2025	$	(6)	$	(59)	$	(65)

(1) See Note 8, Derivative Instruments regarding the timing of reclassifications to operating results.