Derivative Instruments (Tables)

6 Months Ended

Jun. 27, 2020

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 27, 2020		December 31, 2019
Derivative instruments designated as hedges:
Foreign exchange contracts	Prepaid expenses and other current assets	$	—	$	3
Foreign exchange contracts	Accrued liabilities	(5)		—
Total derivative instruments designated as hedges		$	(5)	$	3
Derivative instruments not designated as hedges:
Foreign exchange contracts	Accrued liabilities	$	(3)	$	—
Forward interest rate swaps	Accrued liabilities	(17)		(5)
Forward interest rate swaps	Other long-term liabilities	(33)		(8)
Total derivative instruments not designated as hedges		$	(53)	$	(13)
Total net derivative liability		$	(58)	$	(10)

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

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

	Losses Recognized in Income
		Three Months Ended				Six Months Ended
	Statements of Operations Classification	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Derivative instruments not designated as hedges:
Foreign exchange contracts	Foreign exchange loss	$	(7)	$	(1)	$	(8)	$	(3)
Forward interest rate swaps	Interest expense, net	(7)		(15)		(42)		(23)
Total loss recognized in income		$	(14)	$	(16)	$	(50)	$	(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):

	June 27, 2020		December 31, 2019
Notional balance of outstanding contracts:
British Pound/U.S. Dollar	£	12	£	14
Euro/U.S. Dollar	€	52	€	36
Canadian Dollar/U.S. Dollar	$	1	$	1
Australian Dollar/U.S. Dollar	A$	7	A$	42
Japanese Yen/U.S. Dollar	¥	269	¥	264
Singapore Dollar/U.S. Dollar	S$	20	S$	19
Mexican Peso/U.S. Dollar	Mex$	125	Mex$	115
Chinese Yuan/U.S. Dollar	¥	46	¥	—
South African Rand/U.S. Dollar	R	39	R	42
Net fair value of liabilities of outstanding contracts	$	(3)	$	—