Derivative Instruments and Fair Value Measurements (Tables)

12 Months Ended

Jan. 02, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Total Notional Amounts of the Company's Derivative Instruments [Table Text Block]

(millions)	2015		2014
Foreign currency exchange contracts	$	1,210	$	764
Interest rate contracts	—		2,958
Commodity contracts	470		492
Total	$	1,680	$	4,214

Schedule of Assets and Liabilities Measure at Fair Value on a Recurring Basis [Table Text Block]

	2015								2014
(millions)	Level 1		Level 2			Total			Level 1		Level 2			Total
Assets:
Foreign currency exchange contracts:
Other current assets	$	—	$	11		$	11		$	—	$	29		$	29
Interest rate contracts (a):
Other assets	—		—			—			—		7			7
Total assets	$	—	$	11		$	11		$	—	$	36		$	36
Liabilities:
Foreign currency exchange contracts:
Other current liabilities	$	—	$	(10	)	$	(10	)	$	—	$	(6	)	$	(6	)
Interest rate contracts:
Other current liabilities	—		—			—			—		(3		)	(3		)
Other liabilities	—		—			—			—		(16		)	(16		)
Commodity contracts:
Other current liabilities	—		(14		)	(14		)	—		(12		)	(12		)
Other liabilities	—		—			—			—		(11		)	(11		)
Total liabilities	$	—	$	(24	)	$	(24	)	$	—	$	(48	)	$	(48	)

(a) The fair value of the related hedged portion of the Company’s long-term debt, a level 2 liability, was $2.5 billion as of January 3, 2015.

Derivatives not designated as hedging instruments:

	2015									2014
(millions)	Level 1			Level 2			Total			Level 1			Level 2		Total
Assets:
Foreign currency exchange contracts:
Other current assets	$	—		$	18		$	18		$	—		$	—	$	—
Commodity contracts:
Other current assets	4			—			4			7			—		7
Total assets	$	4		$	18		$	22		$	7		$	—	$	7
Liabilities:
Foreign currency exchange contracts:
Other current liabilities	$	—		(6		)	$	(6	)	$	—		$	—	$	—
Commodity contracts:
Other current liabilities	(33		)	—			(33		)	(36		)	—		(36		)
Other liabilities	—			—			—			(4		)	—		(4		)
Total liabilities	$	(33	)	$	(6	)	$	(39	)	$	(40	)	$	—	$	(40	)

Offsetting Assets [Table Text Block]

As of January 2, 2016:
				Gross Amounts Not Offset in the Consolidated Balance Sheet
	Amounts Presented in the Consolidated Balance Sheet			Financial Instruments			Cash Collateral Received/ Posted		Net Amount
Total asset derivatives	$	33		$	(12	)	$	—	$	21
Total liability derivatives	$	(63	)	$	12		$	51	$	—

As of January 3, 2015:
				Gross Amounts Not Offset in the Consolidated Balance Sheet
	Amounts Presented in the Consolidated Balance Sheet			Financial Instruments			Cash Collateral Received/ Posted		Net Amount
Total asset derivatives	$	43		$	(29	)	$	—	$	14
Total liability derivatives	$	(88	)	$	29		$	50	$	(9	)

Offsetting Liabilities [Table Text Block]

As of January 2, 2016:
				Gross Amounts Not Offset in the Consolidated Balance Sheet
	Amounts Presented in the Consolidated Balance Sheet			Financial Instruments			Cash Collateral Received/ Posted		Net Amount
Total asset derivatives	$	33		$	(12	)	$	—	$	21
Total liability derivatives	$	(63	)	$	12		$	51	$	—

As of January 3, 2015:
				Gross Amounts Not Offset in the Consolidated Balance Sheet
	Amounts Presented in the Consolidated Balance Sheet			Financial Instruments			Cash Collateral Received/ Posted		Net Amount
Total asset derivatives	$	43		$	(29	)	$	—	$	14
Total liability derivatives	$	(88	)	$	29		$	50	$	(9	)

Schedule of the Effect of Derivative Instrument on the Consolidated Statement of Income [Table Text Block]

The effect of derivative instruments on the Consolidated Statement of Income for the years ended January 2, 2016 and January 3, 2015 were as follows:

Derivatives in fair value hedging relationships

(millions)	Location of gain (loss) recognized in income	Gain (loss) recognized in income (a)
		2015			2014
Foreign currency exchange contracts	OIE	$	(4	)	$	3
Interest rate contracts	Interest expense	20			17
Total		$	16		$	20

(a) Includes the ineffective portion and amount excluded from effectiveness testing.

Derivatives in cash flow hedging relationships

(millions)	Gain (loss) recognized in AOCI						Location of gain (loss) reclassified from AOCI	Gain (Loss) reclassified from AOCI into income						Location of gain (loss) recognized in income (a)	Gain (loss) recognized in income (a)
	2015			2014				2015			2014				2015			2014
Foreign currency exchange contracts	$	26		$	34		COGS	$	40		$	5		OIE	$	(3	)	$	(4	)
Foreign currency exchange contracts	(6		)	4			SGA expense	(2		)	3			OIE	—			—
Interest rate contracts	(9		)	(69		)	Interest  expense	(3		)	9			N/A	—			—
Commodity contracts	(3		)	(4		)	COGS	(12		)	(7		)	OIE	—			—
Total	$	8		$	(35	)		$	23		$	10			$	(3	)	$	(4	)

(a) Includes the ineffective portion and amount excluded from effectiveness testing.

Derivatives and non-derivatives in net investment hedging relationships

(millions)	Gain (loss) recognized in AOCI
	2015		2014
Foreign currency denominated long-term debt	$	70	$	86
Total	$	70	$	86

Derivatives not designated as hedging instruments
(millions)	Location of gain (loss) recognized in income	Gain (loss) recognized in income
		2015			2014
Foreign currency exchange contracts	COGS	$	16		$	—
Foreign currency exchange contracts	OIE	8			1
Interest rate contracts	Interest expense	—			(4		)
Commodity contracts	COGS	(63		)	(73		)
Commodity contracts	SGA	(5		)	(5		)
Total		$	(44	)	$	(81	)

Schedule of Fair Value of Long-term Debt [Table Text Block]

(millions)	Fair Value		Carrying Value
Current maturities of long-term debt	$	1,266	$	1,266
Long-term debt	5,635		5,289
Total	$	6,901	$	6,555