Fair Value (Tables)

6 Months Ended

Jul. 04, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Values of Other Financial Assets and Liabilities

The following tables present the fair values of our other financial assets and liabilities on July 4, 2021, and December 31, 2020, and the basis for determining their fair values:

	Carrying Value		Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Financial Assets (Liabilities)	July 4, 2021
Measured at fair value:
Marketable securities held in trust:
Cash and equivalents	$	3	$	3	$	—	$	3	$	—
Available-for-sale debt securities	140		140		—		140		—
Equity securities	60		60		60		—		—
Other investments	9		9		—		—		9
Cash flow hedges	368		368		—		368		—
Measured at amortized cost:
Short- and long-term debt principal	(14,428)		(15,569)		—		(15,569)		—

	December 31, 2020
Measured at fair value:
Marketable securities held in trust:
Cash and equivalents	$	19	$	19	$	17	$	2	$	—
Available-for-sale debt securities	134		134		—		134		—
Equity securities	58		58		58		—		—
Other investments	9		9		—		—		9
Cash flow hedges	419		419		—		419		—
Measured at amortized cost:
Short- and long-term debt principal	(13,117)		(14,606)		—		(14,606)		—