Accounting Standards (Tables)

3 Months Ended

Mar. 29, 2019

Accounting Changes and Error Corrections [Abstract]

Schedule of cumulative effect of the changes made to the Company’s consolidated balance sheet for the adoption of the ASUs

The cumulative effect of the changes made to the Company's condensed consolidated balance sheet for the adoption of ASU 2016-02 was as follows:

	Balance at December 28, 2018		Adjustments due to ASU 2016-02			Balance at December 29, 2018
	(in millions)
Assets - non-current:
Property, plant and equipment, net	$	237	$	1		$	238
Operating lease right-of-use assets, net	—		418			418
Liabilities - current:
Accounts payable and accrued liabilities	$	1,491	$	132		$	1,623
Long-term debt, current portion	72		8			80
Liabilities - non-current:
Long-term debt, net of current portion	$	3,052	$	(72	)	$	2,980
Operating lease liabilities	—		320			320
Deferred tax liabilities	170		17			187
Other long-term liabilities	178		(34		)	144
Equity:
Retained earnings	$	372	$	48		$	420