Derivative Instruments (Tables)

9 Months Ended

Sep. 28, 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):

	Asset (Liability)
		Fair Values as of
	Balance Sheet Classification	September 28, 2019			December 31, 2018
Derivative instruments designated as hedges:
Foreign exchange contracts	Prepaid expenses and other current assets	$	24		$	15
Total derivative instruments designated as hedges		$	24		$	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
Foreign exchange contracts	Accrued liabilities	(1		)	—
Forward interest rate swaps	Accrued liabilities	(5		)	—
Forward interest rate swaps	Other long-term liabilities	(17		)	—
Total derivative instruments not designated as hedges		$	(23	)	$	6
Total net derivative asset		$	1		$	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					Nine Months Ended
	Statements of Operations Classification	September 28, 2019			September 29, 2018		September 28, 2019			September 29, 2018
Derivative instruments not designated as hedges:
Foreign exchange contracts	Foreign exchange gain (loss)	$	(1	)	$	1	$	(4	)	$	2
Forward interest rate swaps	Interest expense, net	(4		)	6		(27		)	24
Total (loss) gain recognized in income		$	(5	)	$	7	$	(31	)	$	26

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):

	September 28, 2019			December 31, 2018
Notional balance of outstanding contracts:
British Pound/U.S. Dollar	£	15		£	1
Euro/U.S. Dollar	€	33		€	45
British Pound/Euro	£	—		£	6
Canadian Dollar/U.S. Dollar	C$	2		C$	6
Australian Dollar/U.S. Dollar	A$	58		A$	47
Japanese Yen/U.S. Dollar	¥	202		¥	396
Singapore Dollar/U.S. Dollar	S$	6		S$	7
Mexican Peso/U.S. Dollar	Mex$	121		Mex$	225
Chinese Yuan/U.S. Dollar	¥	83		¥	71
South African Rand/U.S. Dollar	R	42		R	42
Net fair value of (liabilities) assets of outstanding contracts	$	(1	)	$	1