Debt (Tables)

3 Months Ended

Apr. 02, 2016

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

The carrying value of the Company’s debt, including debt issuance costs, discounts or premiums consisted of the following (in millions):

	April 2, 2016		January 2, 2016
Term Loan Due 2020	$	2,468	$	2,093
2016 Senior Notes	—		500
2018 Senior Notes	497		496
2020 Senior Notes	496		496
2023 Senior Notes	892		892
2025 Senior Notes	494		494
2043 Senior Notes	689		689
Yen-denominated Senior Notes Due 2017	72		68
Yen-denominated Senior Notes Due 2020	113		106
Yen-denominated credit facilities	58		54
Commercial paper borrowings	279		504
Total debt	6,058		6,392
Less: current debt obligations	467		1,163
Long-term debt	$	5,591	$	5,229

Schedule of Maturities of Long-term Debt

Contractual maturities of the Company's debt for the next five fiscal years and thereafter, excluding any debt issuance costs, discounts or premiums, as of April 2, 2016 were as follows (in millions):

	Remainder of 2016		2017		2018		2019		2020		After 2020
Future minimum principal payments	$	406	$	231	$	598	$	260	$	2,501	$	2,100