Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 29, 2024

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Note 7–Accumulated Other Comprehensive Income (Loss)

Changes in the components of Accumulated Other Comprehensive Income (Loss) ("AOCI") were as follows:

	Foreign currency translation adjustments		Unrecognized gain (loss) on derivative instruments		Pension adjustments		Total AOCI
	(in millions)
Balance at December 30, 2022	$	(73)	$	13	$	(13)	$	(73)
Other comprehensive income (loss)	36		6		(1)		41
Taxes	(2)		1		—		(1)
Reclassification from AOCI	—		(15)		—		(15)
Balance at December 29, 2023	(39)		5		(14)		(48)
Other comprehensive income (loss)	(31)		5		1		(25)
Taxes	4		—		—		4
Reclassification from AOCI	—		(3)		—		(3)
Balance at March 29, 2024	$	(66)	$	7	$	(13)	$	(72)

Reclassifications from unrecognized gain (loss) on derivative instruments are recorded in "Interest expense, net" in the condensed consolidated statements of operations.