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Fair Value Measurements (Tables)
 3 Months Ended
Apr. 01, 2022
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):
BalanceQuoted Prices in Active Market (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
April 1, 2022December 31, 2021April 1, 2022December 31, 2021April 1, 2022December 31, 2021April 1, 2022December 31, 2021
Assets:
Available-for-sale debt securities$17 $20 $— $— $17 $20 $— $— 
Investment in equity securities336 336 54 88 — — — — 
Cross-currency swap derivative contracts226 50 — — 226 50 — — 
Carrying Amounts and Fair Values of Financial Instruments
The carrying amounts and fair values of the Company’s other financial instruments were as follows ($ in millions):
 April 1, 2022December 31, 2021
 Carrying AmountFair ValueCarrying AmountFair Value
Debt obligations:
Notes payable and current portion of long-term debt$10 $10 $8 $8 
Long-term debt21,768 20,944 22,168 22,796