v3.25.4
Acquisitions and Divestitures (Tables)
 12 Months Ended
Dec. 27, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
The carrying amounts of the major classes of Altera's net assets that we sold as of the September 12, 2025 transaction close date included the following:
(In Millions)
Assets
Cash and cash equivalents
$400 
Inventories
673 
Property, plant and equipment, net
198 
Identified intangible assets, net
394 
Goodwill781 
Other assets
316 
Total assets
$2,762 
Liabilities
Accrued compensation and benefits$182 
Other liabilities218 
Total liabilities
$400 
Our pre-tax gain was calculated as follows:
(In Millions)
Proceeds from divestiture, net of cash sold and direct selling costs$4,266 
Deferred consideration1
457 
Fair value of retained interest in Altera1
3,246 
Less: net assets of Altera, net of cash sold(1,962)
Less: separation and employee-related costs and other1
(454)
Gain on divestiture of Altera$5,553 
1 Certain aspects of the net purchase consideration have yet to result in cash inflows and outflows and therefore reflect non-cash investing and financing activities within our Consolidated Statements of Cash Flows for the year ended December 27, 2025.