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Long-Term Debt (Tables)
 6 Months Ended
Jul. 02, 2016
Debt Disclosure [Abstract]  
Summary of Carrying Value of Debt
The following table summarizes the carrying value of the Company’s long-term debt (in millions):
 
July 2, 2016
 
December 31, 2015
7.25% Senior Notes due 2022
$
1,050

 
$
1,050

4.00% Term Loan due 2021
1,890

 
2,035

3.25% Revolving Credit Facility
—

 
—

Less: debt issuance costs
(24
)
 
(26
)
Less: unamortized discounts
(43
)
 
(47
)
Long-term debt
$
2,873

 
$
3,012