Fair Value Measurements (Tables)

3 Months Ended

Apr. 02, 2021

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Carried At Fair Value

A summary of financial assets and liabilities that are measured at fair value on a recurring basis were as follows ($ in millions):

	Balance, April 2, 2021		Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Available-for-sale debt securities	$	25	$	—	$	25	$	—
Investment in equity securities	232		16		—		—
Liabilities:
Cross-currency swap derivative contracts	489		—		489		—
Deferred compensation plans	125		—		125		—
	Balance, December 31, 2020		Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Available-for-sale debt securities	$	27	$	—	$	27	$	—
Investment in equity securities	176		6		—		—
Liabilities:
Cross-currency swap derivative contracts	622		—		622		—
Deferred compensation plans	111		—		111		—

Carrying Amounts And Fair Values Of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments were as follows ($ in millions):

	April 2, 2021				December 31, 2020
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Available-for-sale debt securities	$	25	$	25	$	27	$	27
Investment in equity securities	232		232		176		176
Liabilities:
Cross-currency swap derivative contracts	489		489		622		622
Notes payable and current portion of long-term debt	10		10		11		11
Long-term debt	20,267		21,257		21,193		23,004