Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 27, 2020

Equity [Abstract]

Components of Accumulated Other Comprehensive Loss (AOCI)

The components of AOCI for the six months ended June 27, 2020 and June 29, 2019 are as follows (in millions):

	Unrealized (loss) gain on sales hedging		Unrealized loss on forward interest rate swaps		Foreign currency translation adjustments		Total
Balance at December 31, 2018	$	12	$	—	$	(47)	$	(35)
Other comprehensive income before reclassifications	12		—		2		14
Amounts reclassified from AOCI(1)	(22)		1		—		(21)
Tax effect	2		—		—		2
Other comprehensive (loss) income, net of tax	(8)		1		2		(5)
Balance at June 29, 2019	$	4	$	1	$	(45)	$	(40)
Balance at December 31, 2019	$	2	$	—	$	(46)	$	(44)
Other comprehensive (loss) income before reclassifications	7		—		(8)		(1)
Amounts reclassified from AOCI(1)	(14)		—		—		(14)
Tax effect	1		—		—		1
Other comprehensive loss, net of tax	(6)		—		(8)		(14)
Balance at June 27, 2020	$	(4)	$	—	$	(54)	$	(58)

(1) See Note 8, Derivative Instruments regarding timing of reclassifications to operating results.