Derivative Instruments (Tables)

6 Months Ended

Jun. 29, 2019

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):

	(Liability) / Asset
		Fair Values as of
	Balance Sheet Classification	June 29, 2019			December 31, 2018
Derivative instruments designated as hedges:
Foreign exchange contracts	Prepaid expenses and other current assets	$	5		$	15
Total derivative instruments designated as hedges		$	5		$	15
Derivative instruments not designated as hedges:
Foreign exchange contracts	Prepaid expenses and other current assets	$	—		$	1
Forward interest rate swaps	Prepaid expenses and other current assets	—			2
Forward interest rate swaps	Other long-term assets	—			3
Forward interest rate swaps	Accrued liabilities	(3		)	—
Forward interest rate swaps	Other long-term liabilities	(14		)	—
Total derivative instruments not designated as hedges		(17		)	6
Total net derivative (liability) asset		$	(12	)	$	21

Schedule of Gains (Losses) from Changes in Fair Values of Derivatives

The following table presents the (losses) gains from changes in fair values of derivatives that are not designated as hedges (in millions):

	(Loss) Gain Recognized in Income
		Three Months Ended					Six Months Ended
	Statements of Operations Classification	June 29, 2019			June 30, 2018		June 29, 2019			June 30, 2018
Derivative instruments not designated as hedges:
Foreign exchange contracts	Foreign exchange loss	$	(1	)	$	1	$	(3	)	$	1
Forward interest rate swaps	Interest expense, net	(15		)	5		(23		)	18
Total (loss) gain recognized in income		$	(16	)	$	6	$	(26	)	$	19

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 29, 2019		December 31, 2018
Notional balance of outstanding contracts:
British Pound/U.S. Dollar	£	19	£	1
Euro/U.S. Dollar	€	35	€	45
British Pound/Euro	£	—	£	6
Canadian Dollar/U.S. Dollar	C$	—	C$	6
Australian Dollar/U.S. Dollar	A$	58	A$	47
Japanese Yen/U.S. Dollar	¥	155	¥	396
Singapore Dollar/U.S. Dollar	S$	11	S$	7
Mexican Peso/U.S. Dollar	Mex$	120	Mex$	225
Chinese Yuan/U.S. Dollar	¥	—	¥	71
South African Rand/U.S. Dollar	R	43	R	42
Net fair value of assets of outstanding contracts	$	—	$	1