Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 25, 2016

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 25, 2016.

Currency	Notional Amounts
	(in millions)
Canadian dollar	$	183
U.S. dollar		90
Euro		36
British pound		7
Total	$	316

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 25, 2016								December 31, 2015
	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)	$	3	$	4	$	10	$	1	$	1	$	1	$	15	$	1
Total derivative instruments	$	3	$	4	$	10	$	1	$	1	$	1	$	15	$	1

⁽¹⁾  See Note 15 for a description of the fair value hierarchy related to the Company’s foreign currency forward contracts.