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Derivative Instruments (Tables)
 6 Months Ended
Jul. 01, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Assets and Liabilities
The following table presents the fair value of its derivative instruments (in millions):
 
Asset (Liability) Derivatives
 
Balance Sheet Classification
 
Fair Value
 
 
 
July 1,
2017
 
December 31, 2016
Derivative instruments designated as hedges:
 
 
 
 
 
    Foreign exchange contracts
Prepaid expenses and other current assets
 
$
—

 
$
12

    Foreign exchange contracts
Accrued liabilities
 
(6
)
 
—

    Forward interest rate swaps
Accrued liabilities
 
(5
)
 
(3
)
    Forward interest rate swaps
Other long-term liabilities
 
(11
)
 
(13
)
Total derivative instruments designated as hedges

 
$
(22
)
 
$
(4
)
 
 
 
 
 
 
Derivative instruments not designated as hedges:

 
 
 
 
    Foreign exchange contracts
Prepaid expenses and other current assets
 
$
—

 
$
11

    Foreign exchange contracts
Accrued liabilities
 
(11
)
 
—

    Forward interest rate swaps
Accrued liabilities
 
(3
)
 
(1
)
    Forward interest rate swaps
Other long-term liabilities
 
(6
)
 
(10
)
Total derivative instruments not designated as hedges
 
 
(20
)
 
—

Total Net Derivative Liability
 
 
$
(42
)
 
$
(4
)
Derivative Instruments, Gain (Loss)
The following table presents the (losses) gains from changes in fair values of derivatives that are not designated as hedges (in millions):
 
Gain (Loss) Recognized in Income
 
 
Three Months Ended
 
Six Months Ended
 
Statement of Operations Classification
July 1, 2017
 
July 2, 2016
 
July 1, 2017
 
July 2, 2016
Derivative instruments not designated as hedges:
 
 
 
 
 
 
 
 
    Foreign exchange contracts
Foreign exchange (loss) gain
$
(11
)
 
$
2

 
$
(16
)
 
$
(3
)
    Forward interest rate swaps
Interest expense, net
—

 
1

 
1

 
2

Total (loss) gain recognized in income
 
$
(11
)
 
$
3

 
$
(15
)
 
$
(1
)
Financial Information Related to Hedging of Net Assets Included in Consolidated Statements of Operations
The notional values and the net fair value of these outstanding contracts are as follow (in millions):
 
July 1, 2017
 
December 31, 2016
Notional balance of outstanding contracts:
 
 
 
British Pound/U.S. dollar
£
18

 
£
3

Euro/U.S. dollar
€
107

 
€
148

British Pound/Euro
£
5

 
£
8

Canadian Dollar/U.S. dollar
$
15

 
$
13

Czech Koruna/U.S. dollar
Kč


 
Kč
147

Brazilian Real/U.S. dollar
R$
58

 
R$
56

Malaysian Ringgit/U.S. dollar
RM
—

 
RM
16

Australian Dollar/U.S. dollar
$
18

 
$
50

Swedish Krona/U.S. dollar
kr
15

 
kr
7

Japanese yen/U.S. dollar
¥
323

 
¥
48

Singapore dollar/U.S. dollar
S$
9

 
S$
15

Net fair value asset (liability) of outstanding contracts
$
(11
)
 
$
11
Schedule of Gross and Net Amount Offset
The following table presents the gross fair values and related offsetting counterparty fair values as well as the net fair value amounts at July 1, 2017 (in millions):

 
Gross Fair
Value
 
Counterparty
Offsetting
 
Net Fair
Value in the
Consolidated
Balance
Sheets
Counterparty A
$
12

 
$
7

 
$
5

Counterparty B
4

 
2

 
2

Counterparty C
4

 
2

 
2

Counterparty D
8

 
3

 
5

Counterparty E
4

 
1

 
3

Counterparty F
4

 
1

 
3

Counterparty G
5

 
—

 
5

Total
$
41

 
$
16

 
$
25
Schedule of Notional Amounts by Year
The interest rate swaps have the following notional amounts per year (in millions):
Year 2017
$
—

Year 2018
544

Year 2019
544

Year 2020
272

Year 2021
272

Notional balance of outstanding contracts
$
1,632