DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Jul. 01, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

The following table presents the fair values of our derivatives designated as foreign currency hedging instruments in our Condensed Consolidated Balance Sheet (Unaudited) at July 1, 2022 and December 31, 2021:

(In millions)	July 1, 2022		December 31, 2021
Foreign currency forward contracts(1)
Other current assets	$	2	$	2
Other non-current assets	1		1
Other accrued items	9		5
Other long-term liabilities	1		—

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