Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Apr. 02, 2022

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The components of AOCI for the three months ended April 2, 2022 and April 3, 2021 are as follows (in millions):

	Unrealized gain (loss) on sales hedging		Foreign currency translation adjustments		Total
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)
Balance at December 31, 2021	$	18	$	(47)	$	(29)
Other comprehensive income (loss) before reclassifications	22		(5)		17
Amounts reclassified from AOCI(1)	(16)		—		(16)
Tax effect	(1)		—		(1)
Other comprehensive income (loss), net of tax	5		(5)		—
Balance at April 2, 2022	$	23	$	(52)	$	(29)

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