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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 27, 2020
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured and Recorded at Fair Value
Assets and liabilities measured and recorded at fair value on a recurring basis consisted of the following (in millions):
September 27, 2020December 31, 2019
TotalLevel 1Level 2TotalLevel 1Level 2
Assets
Mutual funds$1,152 $1,152 $ $1,363 $1,363 $— 
U.S. Government securities63  63 99 — 99 
Other securities373 161 212 319 171 148 
Derivatives42  42 18 — 18 
Liabilities
Derivatives19  19 23 — 23 
Assets measured at NAV (a)
Other commingled funds19   19   
(a)Net Asset Value (NAV) is the total value of the fund divided by the number of the fund’s shares outstanding.