Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

The fair value of the interest rate swaps and foreign currency forward contracts was as follows:

	Balance sheet line item	September 30, 2022		December 31, 2021
		(in millions)
Asset derivatives:
Cash flow interest rate swaps	Other long-term assets	$	20	$	—
Liability derivatives:
Cash flow interest rate swaps	Other long-term liabilities	$	—	$	53
Foreign currency forward contracts	Accounts payable and accrued liabilities	16		—

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

The effect of the cash flow hedges on other comprehensive income (loss) and earnings for the periods presented was as follows:

	Three Months Ended				Nine Months Ended
	September 30, 2022		October 1, 2021		September 30, 2022		October 1, 2021
	(in millions)
Total interest expense, net presented in the condensed consolidated statements of income in which the effects of cash flow hedges are recorded	$	50	$	47	$	148	$	138
Amount recognized in other comprehensive income (loss)	$	21	$	—	$	57	$	9
Amount reclassified from accumulated other comprehensive income (loss) to interest expense, net	$	2	$	5	$	13	$	14