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Derivative Instruments (Tables)
6 Months Ended
Jul. 02, 2022
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):
Asset (Liability)
Fair Values as of
Balance Sheet ClassificationJuly 2,
2022
December 31,
2021
Derivative instruments designated as hedges:
    Foreign exchange contractsPrepaid expenses and other current assets$37 $23 
Total derivative instruments designated as hedges$37 $23 
Derivative instruments not designated as hedges:
    Foreign exchange contractsPrepaid expenses and other current assets$$— 
    Forward interest rate swapsPrepaid expenses and other current assets— 
    Forward interest rate swapsOther long-term assets28 — 
    Forward interest rate swapsAccrued liabilities— (15)
    Forward interest rate swapsOther long-term liabilities— (1)
Total derivative instruments not designated as hedges$39 $(16)
Total net derivative asset$76 $
Schedule of Net Gains (Losses) from Changes in Fair Values of Derivatives Not Designated as Hedges The following table presents the net gains (losses) from changes in fair values of derivatives that are not designated as hedges (in millions):
Gains (Losses) Recognized in Income
 Three Months EndedSix Months Ended
Statements of Operations ClassificationJuly 2,
2022
July 3,
2021
July 2,
2022
July 3,
2021
Derivative instruments not designated as hedges:
Foreign exchange contractsForeign exchange (loss) gain$$(6)$$— 
Forward interest rate swapsInterest (expense) income, net11 (3)45 
Total gain (loss) recognized in income$20 $(9)$53 $
Schedule of Notional Value and Net Fair Value of Outstanding Contracts The notional values and the net fair values of these outstanding contracts were as follows (in millions):
 July 2,
2022
December 31,
2021
Notional balance of outstanding contracts:
British Pound/U.S. Dollar£21 £13 
Euro/U.S. Dollar123 142 
Euro/Czech Koruna16 16 
Singapore Dollar/U.S. DollarS$12 S$16 
Mexican Peso/U.S. DollarMex$113 Mex$64 
Polish Zloty/U.S. Dollar14 103 
Net fair value of assets of outstanding contracts$$—