v3.25.1

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 29, 2025	Mar. 30, 2024
Income Statement [Abstract]
Net revenue	$ 1,770	$ 1,486
Cost of goods sold	1,259	1,086
Gross profit	511	400
Operating expenses:
Research and development expenses	35	25
Selling, general and administrative expenses	306	231
Intangible asset amortization	30	9
Restructuring expenses	4	7
Total operating expenses	375	272
Income from operations	136	128
Other expenses, net	96	42
Interest expense, net	25	13
Income before taxes	15	73
Provision for income taxes	9	30
Net income	6	43
Less: preferred stock dividends	9	0
Net (loss) income available to common stockholders, basic	(3)	43
Net (loss) income available to common stockholders, diluted	$ (3)	$ 43
Net (loss) income per common share:
Basic (in dollars per share)	$ (0.02)	$ 0.29
Diluted (in dollars per share)	$ (0.02)	$ 0.29
Weighted average common shares outstanding:
Weighted average basic number of common shares outstanding (in shares)	148	146
Diluted (in shares)	148	148

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482686/350-30-45-2

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