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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 27, 2021
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):
June 27, 2021December 31, 2020
TotalLevel 1Level 2TotalLevel 1Level 2
Assets
Mutual funds$1,398 $1,398 $ $1,335 $1,335 $— 
U.S. Government securities108  108 92 — 92 
Other securities546 344 202 555 341 214 
Derivatives34  34 52 — 52 
Liabilities
Derivatives37  37 22 — 22 
Assets measured at NAV (a)
Other commingled funds20   20   
(a)Net Asset Value (NAV) is the total value of the fund divided by the number of the fund’s shares outstanding.