Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jul. 03, 2021

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Loss (AOCI)

The components of AOCI for the six months ended July 3, 2021 and June 27, 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	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)
Balance at December 31, 2020	$	(28)	$	(41)	$	(69)
Other comprehensive income (loss) before reclassifications	23		(3)		20
Amounts reclassified from AOCI(1)	20		—		20
Tax effect	(9)		—		(9)
Other comprehensive income (loss), net of tax	34		(3)		31
Balance at July 3, 2021	$	6	$	(44)	$	(38)

(1) See Note 9, Derivative Instruments regarding timing of reclassifications to operating results.