Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Apr. 02, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Values of Derivative Instruments in Condensed Consolidated Balance Sheets

The table below presents the fair values of our derivatives designated as foreign currency hedging instruments in our Condensed Consolidated Balance Sheet (Unaudited) at April 2, 2021 and January 1, 2021.

(In millions)	April 2, 2021		January 1, 2021
Derivatives designated as hedging instruments:
Foreign currency forward contracts(1)
Other current assets	$	18	$	21
Other non-current assets	3		3
Other accrued items	2		4

_______________

(1)See Note P — Fair Value Measurements in these Notes for a description of the fair value hierarchy related to our foreign currency forward contracts.