Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Apr. 01, 2023

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The changes in each component of AOCI during the three months ended April 1, 2023 and April 2, 2022 were as follows (in millions):

	Unrealized gain (loss) on sales hedging		Foreign currency translation adjustments		Total
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)
Balance at December 31, 2022	$	(11)	$	(55)	$	(66)
Other comprehensive (loss) income before reclassifications	(7)		3		(4)
Amounts reclassified from AOCI(1)	3		—		3
Tax effect	1		—		1
Other comprehensive (loss) income, net of tax	(3)		3		—
Balance at April 1, 2023	$	(14)	$	(52)	$	(66)

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