Fair Value Measurements (Tables)

6 Months Ended

Jun. 28, 2015

Fair value assets and liabilities measured on recurring basis

As of June 28, 2015 and December 28, 2014, the fair values of the Company’s assets and liabilities measured on a recurring basis are categorized as follows:



	June 28, 2015								December 28, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(In millions)
Assets:
Derivatives(a)	$	—	$	606	$	—	$	606	$	—	$	574	$	—	$	574
Total assets at fair value	$	—	$	606	$	—	$	606	$	—	$	574	$	—	$	574
Liabilities:
Derivatives(a)	$	—	$	130	$	—	$	130	$	—	$	141	$	—	$	141
Total liabilities at fair value	$	—	$	130	$	—	$	130	$	—	$	141	$	—	$	141

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(a)

Foreign currency derivative contracts are valued based on observable market spot and forward rates and classified within Level 2 of the fair value hierarchy. Interest rate swaps are valued based on observable market swap rates and classified within Level 2 of the fair value hierarchy. Cross-currency swaps are valued based on observable market spot and swap rates and classified within Level 2 of the fair value hierarchy.