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Fair Value Measurements (Tables)
6 Months Ended
Jun. 29, 2019
Fair Value Disclosures [Abstract]  
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 June 29, 2019 and December 29, 2018, aggregated by the level in the fair value hierarchy within which those measurements fall, were as follows:
 
June 29, 2019
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Money market funds
$
1

 
$

 
$

 
$
1

Interest rate swaps

 
1

 

 
1

 
$
1

 
$
1

 
$

 
$
2

Liabilities
 
 
 
 
 
 
 
Interest rate swaps
$

 
$
1

 
$

 
$
1

 
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 June 29, 2019 and December 29, 2018:
 
 
 
Fair Value
 
Balance Sheet Location
 
June 29, 2019
 
December 29, 2018
Derivatives designated as hedging instruments
 
 
 
 
 
Interest rate swaps
Other current assets
 
$
1

 
$
8

Interest rate swaps
Other assets
 

 
11

 
Total assets
 
1

 
19

Interest rate swaps
Other long-term liabilities
 
(1
)
 

 
Net position
 
$

 
$
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 and 26 weeks ended June 29, 2019 and June 30, 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 June 29, 2019
 
 
 
 
 
 
Interest rate swaps
 
$
(7
)
 
Interest expense—net
 
$
(1
)
For the 13 weeks ended June 30, 2018
 
 
 
 
 
 
Interest rate swaps
 
$
3

 
Interest expense—net
 
$

 
 
 
 
 
 
 
For the 26 weeks ended June 29, 2019
 
 
 
 
 
 
Interest rate swaps
 
$
(11
)
 
Interest expense—net
 
$
(3
)
For the 26 weeks ended June 30, 2018
 
 
 
 
 
 
Interest rate swaps
 
$
12

 
Interest expense—net
 
$