Accumulated Other Comprehensive (Loss) Income (Tables)

6 Months Ended

Jun. 28, 2025

The changes in each component of AOCI during the six months ended June 28, 2025 and June 29, 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	20		(8)		12
Amounts reclassified from AOCI(1)	(6)		—		(6)
Tax effect	(4)		—		(4)
Other comprehensive income (loss), net of tax	10		(8)		2
Balance at June 29, 2024	$	5	$	(57)	$	(52)

Balance at December 31, 2024	$	22	$	(66)	$	(44)
Other comprehensive income (loss) before reclassifications	(85)		27		(58)
Amounts reclassified from AOCI(1)	4		—		4
Tax effect	20		—		20
Other comprehensive income (loss), net of tax	(61)		27		(34)
Balance at June 28, 2025	$	(39)	$	(39)	$	(78)

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