Risk Management (Tables)

6 Months Ended

Jul. 02, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Largest Net Notional Amounts of the Positions to Buy or Sell Foreign Currency

The following table shows the five largest net notional amounts of the positions to buy or sell foreign currency as of July 2, 2022, and the corresponding positions as of December 31, 2021: 

	Notional Amount
Net Buy (Sell) by Currency	July 2, 2022		December 31, 2021
Euro	$	202	$	164
British pound	200		128
Canadian dollar	51		27
Australian dollar	(77)		(76)
Chinese renminbi	(73)		(89)

Summary of Fair Values and Location In Condensed Consolidated Balance Sheet

The following tables summarize the fair values and locations in the Condensed Consolidated Balance Sheets of all derivative financial instruments held by the Company as of July 2, 2022 and December 31, 2021:

	Fair Values of Derivative Instruments
July 2, 2022	Other Current Assets		Accrued Liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts	$	12	$	—
Derivatives not designated as hedging instruments:
Foreign exchange contracts	7		17
Total derivatives	$	19	$	17

	Fair Values of Derivative Instruments
December 31, 2021	Other Current Assets		Accrued Liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts	$	5	$	—
Derivatives not designated as hedging instruments:
Foreign exchange contracts	2		5
Total derivatives	$	7	$	5

Summary of Derivative Instruments and the Effect on the Condensed Consolidated Statements of Operations

The following table summarizes the effect of derivatives on the Company's condensed consolidated financial statements for the three and six months ended July 2, 2022 and July 3, 2021:

	Financial Statement Location	Three Months Ended				Six Months Ended
Foreign Exchange Contracts		July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Effective portion	Accumulated other comprehensive gain (loss)	$	10	$	(1)	$	12	$	3
Forward points recognized	Other income (expense)	—		—		1		1
Undesignated derivatives recognized	Other income (expense)	(34)		(1)		(57)		(9)