Fair Value (Tables)

3 Months Ended

Apr. 03, 2022

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 April 3, 2022, and December 31, 2021, 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)	April 3, 2022
Measured at fair value:
Marketable securities held in trust:
Cash and equivalents	$	3	$	3	$	—	$	3	$	—
Available-for-sale debt securities	121		121		—		121		—
Equity securities	58		58		58		—		—
Other investments	17		17		—		—		17
Cash flow hedge assets	359		359		—		359		—
Cash flow hedge liabilities	(125)		(125)		—		(125)		—
Measured at amortized cost:
Short- and long-term debt principal	(11,602)		(11,705)		—		(11,705)		—

	December 31, 2021
Measured at fair value:
Marketable securities held in trust:
Cash and equivalents	$	4	$	4	$	—	$	4	$	—
Available-for-sale debt securities	125		125		—		125		—
Equity securities	62		62		62		—		—
Other investments	12		12		—		—		12
Cash flow hedge assets	320		320		—		320		—
Cash flow hedge liabilities	(98)		(98)		—		(98)		—
Measured at amortized cost:
Short- and long-term debt principal	(11,606)		(12,549)		—		(12,549)		—