Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Apr. 03, 2021

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Loss (AOCI)

The components of AOCI for the three months ended April 3, 2021 and March 28, 2020 are as follows (in millions):

	Unrealized gain (loss) on sales hedging		Foreign currency translation adjustments		Total
Balance at December 31, 2019	$	2	$	(46)	$	(44)
Other comprehensive income (loss) before reclassifications	11		(9)		2
Amounts reclassified from AOCI(1)	(8)		—		(8)
Tax effect	(1)		—		(1)
Other comprehensive income (loss), net of tax	2		(9)		(7)
Balance at March 28, 2020	$	4	$	(55)	$	(51)
Balance at December 31, 2020	$	(28)	$	(41)	$	(69)
Other comprehensive income (loss) before reclassifications	27		(3)		24
Amounts reclassified from AOCI(1)	12		—		12
Tax effect	(7)		—		(7)
Other comprehensive income (loss), net of tax	32		(3)		29
Balance at April 3, 2021	$	4	$	(44)	$	(40)

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