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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 27, 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)
September 27, 2024December 31, 2023September 27, 2024December 31, 2023September 27, 2024December 31, 2023September 27, 2024December 31, 2023
Assets:
Available-for-sale debt securities$— $5 $— $— $— $5 $— $— 
Investment in equity securities221 234 7 16 — — — — 
Cross-currency swap derivative contracts302 291 — — 302 291 — — 
Carrying Amounts and Fair Values of Financial Instruments
The carrying amounts and fair values of the Company’s other financial instruments were as follows ($ in millions):
 September 27, 2024December 31, 2023
 Carrying AmountFair ValueCarrying AmountFair Value
Debt obligations:
Notes payable and current portion of long-term debt$1,200 $1,194 $1,695 $1,672 
Long-term debt16,324 14,172 16,707 14,415