Fair Value Measurements (Tables)

3 Months Ended

Mar. 30, 2019

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis

The Company’s assets and liabilities measured at fair value on a recurring basis as of March 30, 2019 and December 29, 2018, aggregated by the level in the fair value hierarchy within which those measurements fall, were as follows:



	March 30, 2019
	Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	5	$	—	$	—	$	5
Interest rate swaps	—		12		—		12
	$	5	$	12	$	—	$	17

	December 29, 2018
	Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	1	$	—	$	—	$	1
Interest rate swaps	—		19		—		19
	$	1	$	19	$	—	$	20

Schedule of Balance Sheet Location and Fair Value of Company’s Interest Rate Swaps

The following table presents the balance sheet location and fair value of the interest rate swaps at March 30, 2019 and December 29, 2018:



		Fair Value
	Balance Sheet Location	March 30, 2019		December 29, 2018
Derivatives designated as hedging instruments
Interest rate swaps	Other current assets	$	7	$	8
Interest rate swaps	Other assets	$	5	$	11
	Total	$	12	$	19

Schedule of Effect of Company Interest Rate Swaps in Consolidated Statement of Comprehensive Income

The following table presents the effect of the Company’s interest rate swaps in its Consolidated Statements of Comprehensive Income for the 13-weeks ended March 30, 2019 and March 31, 2018:



Derivatives in Cash Flow Hedging Relationships	Amount of (Loss) Gain Recognized in Accumulated Other Comprehensive Loss, net of tax			Location of Amounts Reclassified from Accumulated Other Comprehensive Loss	Amount of Gain Reclassified from Accumulated Other Comprehensive Loss to Income, net of tax
For the 13-weeks ended March 30, 2019
Interest rate swaps	$	(4	)	Interest expense—net	$	(2	)
For the 13-weeks ended March 31, 2018
Interest rate swaps	$	9		Interest expense—net	$	—