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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 28, 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)
June 28, 2024December 31, 2023June 28, 2024December 31, 2023June 28, 2024December 31, 2023June 28, 2024December 31, 2023
Assets:
Available-for-sale debt securities$— $5 $— $— $— $5 $— $— 
Investment in equity securities223 234 6 16 — — — — 
Cross-currency swap derivative contracts476 291 — — 476 291 — — 
Carrying Amounts and Fair Values of Financial Instruments
The carrying amounts and fair values of the Company’s other financial instruments were as follows ($ in millions):
 June 28, 2024December 31, 2023
 Carrying AmountFair ValueCarrying AmountFair Value
Debt obligations:
Notes payable and current portion of long-term debt$701 $692 $1,695 $1,672 
Long-term debt16,309 13,584 16,707 14,415