XML 57 R47.htm IDEA: XBRL DOCUMENT v3.8.0.1
Financial Instruments (Tables)
 9 Months Ended
Sep. 29, 2017
Financial Instruments [Abstract]  
Carrying Amounts and Estimated Fair Values of Company's Long-Term Debt and Foreign Currency Forward Contracts
The carrying amounts and estimated fair values of the Company’s other financial instruments are presented in the table below.
September 29, 2017
December 31, 2016
Carrying
Amount
Estimated
Fair Value
Carrying
Amount
Estimated
Fair Value
(in millions)
Senior Notes(1)
$
3,329
 
$
3,547
 
$
3,325
 
$
3,526
 
Foreign currency forward contracts(2)
$
14
 
$
14
 
$
6
 
$
6
 
 
 
(1)
The Company measures the fair value of its Senior Notes using Level 2 inputs based primarily on current market yields for its existing debt traded in the secondary market.
 
(2)
The Company measures the fair values of foreign currency forward contracts based on forward exchange rates. See Note 17 for additional disclosures regarding the notional amounts and fair values of foreign currency forward contracts.