The following table presents assets and liabilities that were measured at fair value in the Consolidated Balance Sheet on a recurring basis as of June 27, 2020 and December 28, 2019:


	June 27, 2020										December 28, 2019
(millions)	Level 1		Level 2		Total		Level 1		Level 2		Total
Assets:
Cross-currency contracts:
Other current assets	$	—	$	74	$	74	$	—	$	45	$	45
Other assets	—		71		71		—		40		40
Interest rate contracts:
Other current assets	—		—		—		—		7		7
Other assets (a)	—		13		13		—		4		4
Total assets	$	—	$	158	$	158	$	—	$	96	$	96
Liabilities:




Interest rate contracts:
Other current liabilities	$	—	$	(1)	$	(1)	$	—	$	(4)	$	(4)
Other liabilities	—		(3)		(3)		—		—		—



Total liabilities	$	—	$	(4)	$	(4)	$	—	$	(4)	$	(4)


	June 27, 2020										December 28, 2019
(millions)	Level 1		Level 2		Total		Level 1		Level 2		Total
Assets:
Foreign currency exchange contracts:
Other current assets	$	—	$	61	$	61	$	—	$	12	$	12
Other assets	—		8		8		—		—		—
Interest rate contracts:
Other current assets	—		4		4		—		—		—
Other assets	—		16		16		—		—		—
Commodity contracts:
Other current assets	3		—		3		9		—		9
Total assets	$	3	$	89	$	92	$	9	$	12	$	21
Liabilities:
Foreign currency exchange contracts:
Other current liabilities	$	—	$	(31)	$	(31)	$	—	$	(18)	$	(18)
Other liabilities	—		(6)		(6)		—		—		—
Interest rate contracts:
Other current liabilities	—		(6)		(6)		—		—		—
Other liabilities	—		(26)		(26)		—		(13)		(13)
Commodity contracts:
Other current liabilities	(14)		—		(14)		(1)		—		(1)

Total liabilities	$	(14)	$	(69)	$	(83)	$	(1)	$	(31)	$	(32)

Derivative instruments and fair value measurements

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