Significant Accounting Policies (Tables)

9 Months Ended

Sep. 28, 2019

Accounting Policies [Abstract]

The Impact of the Adoption of ASC 842 on the Balance Sheet

The impact of the adoption of ASC 842 to the Company’s Consolidated Balance Sheet as of January 1, 2019 was as follows (in millions):

	As Reported December 31, 2018		Adjustment			As Adjusted January 1, 2019
Assets:
Prepaid expenses and other current assets(1)	$	54	$	(1	)	$	53
Right-of-use assets	—		110			110
Liabilities:
Accrued liabilities(2)	322		28			350
Long-term lease liabilities	—		103			103
Other long-term liabilities(1)	89		(22		)	67

(1) Reflects an adjustment related to prepaid and accrued rent balances, which are included in the measurement of ROU assets.

(2) Reflects the current portion of the lease liabilities.