Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Oct. 01, 2022

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The components of AOCI for the nine months ended October 1, 2022 and October 2, 2021 are as follows (in millions):

	Unrealized gain (loss) on sales hedging transactions		Foreign currency translation adjustments		Total
Balance at December 31, 2020	$	(28)	$	(41)	$	(69)
Other comprehensive income (loss) before reclassifications	41		(5)		36
Amounts reclassified from AOCI(1)	15		—		15
Tax effect	(10)		—		(10)
Other comprehensive income (loss), net of tax	46		(5)		41
Balance at October 2, 2021	$	18	$	(46)	$	(28)
Balance at December 31, 2021	$	18	$	(47)	$	(29)
Other comprehensive income (loss) before reclassifications	86		(16)		70
Amounts reclassified from AOCI(1)	(72)		—		(72)
Tax effect	(3)		—		(3)
Other comprehensive income (loss), net of tax	11		(16)		(5)
Balance at October 1, 2022	$	29	$	(63)	$	(34)

(1) See Note 10, Derivative Instruments regarding timing of reclassifications to operating results.