Debt (Tables)

6 Months Ended

Jul. 04, 2015

Debt Disclosure [Abstract]

Schedule Of Long-Term Debt

The carrying value of the Company’s debt, including discounts, the fair value of an interest rate swap agreement and the remaining deferred gain from a terminated interest rate swap agreement, consisted of the following (in millions):

	July 4, 2015		January 3, 2015
Term loan due June 2015	$	—	$	500
Term loan due August 2015	—		250
Term loan due April 2016	175		—
2.50% senior notes due 2016	503		506
3.25% senior notes due 2023	896		896
4.75% senior notes due 2043	696		696
1.58% Yen-denominated senior notes due 2017	66		68
2.04% Yen-denominated senior notes due 2020	104		107
Yen-denominated credit facilities	52		54
Commercial paper borrowings	1,249		789
Total debt	3,741		3,866
Less: current debt obligations	1,979		1,593
Long-term debt	$	1,762	$	2,273

Schedule of Maturities of Long-term Debt

Contractual maturities of the Company's debt for the next five fiscal years and thereafter, excluding any discounts or premiums, as of July 4, 2015 are as follows (in millions):

	Remainder of 2015		2016		2017		2018		2019		After 2019
Expected future minimum principal payments	$	1,249	$	727	$	66	$	—	$	—	$	1,704