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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2018
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
 
 
 
Fair Values as of
 
Balance Sheet Classification
 
June 30,
2018
 
December 31,
2017
Derivative instruments designated as hedges:
 
 
 
 
 
    Foreign exchange contracts
Prepaid expenses and other current assets
 
$
16

 
$
—

    Foreign exchange contracts
Accrued liabilities
 
—

 
(9
)
    Forward interest rate swaps
Accrued liabilities
 
(1
)
 
(2
)
    Forward interest rate swaps
Other long-term liabilities
 
(1
)
 
(8
)
Total derivative instruments designated as hedges

 
$
14

 
$
(19
)
 
 
 
 
 
 
Derivative instruments not designated as hedges:

 
 
 
 
    Foreign exchange contracts
Prepaid expenses and other current assets
 
$
1

 
$
—

    Forward interest rate swaps
Other long-term assets
 
12

 
—

    Foreign exchange contracts
Accrued liabilities
 
—

 
(2
)
    Forward interest rate swaps
Accrued liabilities
 
(3
)
 
(1
)
    Forward interest rate swaps
Other long-term liabilities
 
—

 
(7
)
Total derivative instruments not designated as hedges
 
 
$
10

 
$
(10
)
Total net derivative asset (liability)
 
 
$
24

 
$
(29
)
Derivative Instruments, Gains (Losses) from Changes in Fair Values
The following table presents the gains (losses) 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
 
Statements of Operations Classification
 
June 30,
2018
 
July 1,
2017
 
June 30, 2018
 
July 1, 2017
Derivative instruments not designated as hedges:
 
 
 
 
 
 
 
 
 
    Foreign exchange contracts
Foreign exchange gain (loss) gain
 
$
1

 
$
(11
)
 
$
1

 
$
(16
)
    Forward interest rate swaps
Interest expense, net
 
5

 
—

 
18

 
1

Total gain (loss) recognized in income
 
 
$
6

 
$
(11
)
 
$
19

 
$
(15
)
Schedule of Notional Values and Net Fair Value of Forward Contracts
The notional values and the net fair value of these outstanding contracts are as follows (in millions):
 
June 30,
2018
 
December 31,
2017
Notional balance of outstanding contracts:
 
 
 
British Pound/U.S. Dollar
£
16

 
£
13

Euro/U.S. Dollar
€
71

 
€
108

British Pound/Euro
£
5

 
£
5

Canadian Dollar/U.S. Dollar
$
7

 
$
12

Czech Koruna/U.S. Dollar
Kč
378

 
Kč
361

Brazilian Real/U.S. Dollar
R$
31

 
R$
34

Australian Dollar/U.S. Dollar
A$
50

 
A$
55

Swedish Krona/U.S. Dollar
kr
14

 
kr
13

Japanese Yen/U.S. Dollar
¥
144

 
¥
151

Singapore Dollar/U.S. Dollar
S$
6

 
S$
4

Mexican Peso/U.S. Dollar
Mex$
127

 
Mex$


Chinese Yuan/U.S. Dollar
¥
44

 
¥


Net fair value of asset (liability) of outstanding contracts
$
1

 
$
(2
)
Schedule of Gross and Net Amount Offset
The following table presents the (liability) asset gross fair values and related offsetting counterparty fair values as well as the net fair value amounts at June 30, 2018 (in millions):
 
Gross Fair
Value
 
Offsetting Counterparty Fair Value
 
Net Fair
Value in the
Consolidated
Balance
Sheets
Counterparty A
$
(3
)
 
$
(1
)
 
$
(2
)
Counterparty B
(1
)
 
—

 
(1
)
Counterparty C
(1
)
 
—

 
(1
)
Counterparty D
(2
)
 
(1
)
 
(1
)
Counterparty E
(1
)
 
—

 
(1
)
Counterparty F
15

 
—

 
15

Counterparty G
(2
)
 
—

 
(2
)
Total
$
5

 
$
(2
)
 
$
7
Schedule of Interest Rate Swaps Notional Amounts by Year
The interest rate swaps have future maturities consisting of the following notional amounts per year (in millions):
Year 2018
$
—

Year 2019
1,344

Year 2020
1,072

Year 2021
1,072

Year 2022
800

Notional balance of outstanding contracts
$
4,288