Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 25, 2015

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 September 25, 2015.

Currency	Notional Amounts
	(in millions)
Canadian dollar	$	141
U.S. dollar		94
Euro		21
British pound		2
Total	$	258

Location of Company's Derivative Instruments Recorded at Fair Value on 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.

	September 25, 2015								December 31, 2014
	Other Current Assets		Other Assets		Other Current Liabilities		Other Liabilities		Other Current Assets		Other Assets		Other Current Liabilities		Other Liabilities
	(in millions)
Derivatives designated as hedging instruments:
Foreign currency forward contracts(1)(2)	$	1	$	1	$	13	$	2	$	4	$	1	$	10	$	1
Total derivative instruments	$	1	$	1	$	13	$	2	$	4	$	1	$	10	$	1

⁽¹⁾  See Note 14 for a description of the fair value hierarchy related to the Company’s foreign currency forward contracts.

⁽²⁾  Assets held for sale at December 31, 2014 include $2 million, of other current assets relating to the fair value of derivative instruments, and liabilities held for sale at December 31, 2014 include $2 million of other current liabilities relating to the fair value of derivative instruments.