Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jul. 01, 2023

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The changes in each component of AOCI during the six months ended July 1, 2023 and July 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	57		(11)		46
Amounts reclassified from AOCI(1)	(43)		—		(43)
Tax effect	(2)		—		(2)
Other comprehensive income (loss), net of tax	12		(11)		1
Balance at July 2, 2022	$	30	$	(58)	$	(28)
Balance at December 31, 2022	$	(11)	$	(55)	$	(66)
Other comprehensive (loss) income before reclassifications	(9)		5		(4)
Amounts reclassified from AOCI(1)	10		—		10
Other comprehensive income, net of tax	1		5		6
Balance at July 1, 2023	$	(10)	$	(50)	$	(60)

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