Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Notional Amounts of Company's Outstanding Foreign Currency Forward Contracts by Currency

The table below presents the notional amounts of the Company’s outstanding foreign currency forward contracts by currency at March 30, 2018.

Currency	Notional Amounts
	(in millions)
U.S. dollar	$	188
Canadian dollar	166
Euro	94
British pound	13
United Arab Emirates dirham	13
New Zealand dollar	12
Total	$	486

Location of Company's Derivative Instruments Recorded at Fair Value on the Condensed Consolidated Balance Sheets

The table below presents the location of the Company’s derivative instruments recorded at fair value on the condensed consolidated balance sheets.

	March 30, 2018								December 31, 2017
	Other Current Assets		Other Assets		Other Current Liabilities		Other Liabilities		Other Current Assets		Other Assets		Other Current Liabilities		Other Liabilities
	(in millions)
Derivatives designated ashedging instruments:
Foreign currency forward contracts (1)	$	10	$	1	$	3	$	1	$	11	$	—	$	1	$	—
Derivatives not designated ashedging instruments:
Contingent consideration (2)	—		—		6		—		—		—		—		—
Total derivative instruments	$	10	$	1	$	9	$	1	$	11	$	—	$	1	$	—

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⁽¹⁾  See Note 16 for a description of the fair value hierarchy related to the Company’s foreign currency forward contracts.

⁽²⁾  See Note 16 for additional information on Peak Nano contingent consideration liability.