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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 29, 2024
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Carried at Fair Value
A summary of financial assets 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)
March 29, 2024December 31, 2023March 29, 2024December 31, 2023March 29, 2024December 31, 2023March 29, 2024December 31, 2023
Assets:
Available-for-sale debt securities$1 $5 $— $— $1 $5 $— $— 
Investment in equity securities218 234 11 16 — — — — 
Cross-currency swap derivative contracts369 291 — — 369 291 — — 
Carrying Amounts and Fair Values of Financial Instruments
The carrying amounts and fair values of the Company’s other financial instruments were as follows ($ in millions):
 March 29, 2024December 31, 2023
 Carrying AmountFair ValueCarrying AmountFair Value
Debt obligations:
Notes payable and current portion of long-term debt$1,746 $1,733 $1,695 $1,672 
Long-term debt16,417 13,979 16,707 14,415