Fair Value Measurements (Tables)

6 Months Ended

Jul. 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):

	Balance				Quoted Prices in Active Market (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
	July 1, 2022		December 31, 2021		July 1, 2022		December 31, 2021		July 1, 2022		December 31, 2021		July 1, 2022		December 31, 2021
Assets:
Available-for-sale debt securities	$	15	$	20	$	—	$	—	$	15	$	20	$	—	$	—
Investment in equity securities	316		336		26		88		—		—		—		—
Cross-currency swap derivative contracts	823		50		—		—		823		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):

	July 1, 2022				December 31, 2021
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Debt obligations:
Notes payable and current portion of long-term debt	$	10	$	10	$	8	$	8
Long-term debt	20,052		17,706		22,168		22,796