v3.26.1
Tax Matters (Tables)
3 Months Ended
Mar. 29, 2026
Income Tax Disclosure [Abstract]  
Schedule of Tax Provision/(Benefit) on Other Comprehensive Income (Loss)
Components of Tax provision/(benefit) on other comprehensive income/(loss) include:
Three Months Ended
(MILLIONS)March 29,
2026
March 30,
2025
Foreign currency translation adjustments, net(a)
$76 $(102)
Unrealized holding gains/(losses) on derivative financial instruments, net(5)(34)
Reclassification adjustments for (gains)/losses included in net income
(55)
— (89)
Unrealized holding gains/(losses) on available-for-sale securities, net(4)
Reclassification adjustments for (gains)/losses included in net income
19 
15 
Reclassification adjustments related to amortization of prior service costs and other, net(2)(7)
Reclassification adjustments related to curtailments of prior service costs and other, net(1)(9)
(3)(16)
Tax provision/(benefit) on other comprehensive income/(loss)
$81 $(191)
(a)Taxes are not provided for foreign currency translation adjustments relating to investments in international subsidiaries that are expected to be held indefinitely.