Derivative Instruments (Tables)

9 Months Ended

Sep. 27, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value of the Company's interest rate swaps

The fair value of the Company's interest rate swaps was as follows:

	Asset derivatives
	Balance sheet line item	September 27, 2019		December 28, 2018
		(in millions)
Fair value interest rate swaps	Other assets	$	3	$	—
	Liability derivatives
	Balance sheet line item	September 27, 2019		December 28, 2018
		(in millions)
Fair value interest rate swaps	Other long-term liabilities	$	—	$	3
Cash flow interest rate swaps	Other long-term liabilities	88		32
		$	88	$	35

Schedule of amounts recorded on the consolidated balance sheets related to cumulative basis adjustments for fair value hedges

The following amounts were recorded on the condensed consolidated balance sheets related to cumulative basis adjustments for fair value hedges:

	Carrying amount of hedged item				Cumulative amount of fair value adjustment included within the hedged item
Balance sheet line item of hedged item	September 27, 2019		December 28, 2018		September 27, 2019		December 28, 2018
	(in millions)
Long-term debt, net of current portion	$	453	$	447	$	3	$	(3	)

Schedule of effect of the Company's cash flow hedges on other comprehensive income and earnings

The effect of the Company's cash flow hedges on other comprehensive loss and earnings for the periods presented was as follows:

	Three Months Ended						Nine Months Ended
	September 27, 2019			September 28, 2018			September 27, 2019			September 28, 2018
	(in millions)
Total interest expense, net presented in the condensed consolidated statements of income in which the effects of cash flow hedges are recorded	$	28		$	35		$	99		$	104
Amount recognized in other comprehensive loss	$	(13	)	$	1		$	(62	)	$	22
Amount reclassified from accumulated other comprehensive loss to interest expense, net	(2		)	(3		)	(6		)	(6		)