Fair Value Measurements (Tables)

6 Months Ended

Jul. 02, 2021

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Carried At Fair Value

A summary of financial assets and liabilities that are measured at fair value on a recurring basis were as follows ($ in millions):

	Balance, July 2, 2021		Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Available-for-sale debt securities	$	23	$	—	$	23	$	—
Investment in equity securities	300		54		—		—
Liabilities:
Cross-currency swap derivative contracts	254		—		254		—
Deferred compensation plans	135		—		135		—
	Balance, December 31, 2020		Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Available-for-sale debt securities	$	27	$	—	$	27	$	—
Investment in equity securities	176		6		—		—
Liabilities:
Cross-currency swap derivative contracts	622		—		622		—
Deferred compensation plans	111		—		111		—

Carrying Amounts And Fair Values Of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments were as follows ($ in millions):

	July 2, 2021				December 31, 2020
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Available-for-sale debt securities	$	23	$	23	$	27	$	27
Investment in equity securities	300		300		176		176
Liabilities:
Cross-currency swap derivative contracts	254		254		622		622
Notes payable and current portion of long-term debt	23		23		11		11
Long-term debt	20,400		21,393		21,193		23,004