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Fair Value Measurements (Tables)
3 Months Ended
Mar. 28, 2025
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 28, 2025December 31, 2024March 28, 2025December 31, 2024March 28, 2025December 31, 2024March 28, 2025December 31, 2024
Assets:
Investment in equity securities$215 $218 $— $$— $— $— $— 
Cross-currency swap derivative contracts400 415 — — 400 415 — — 
Carrying Amounts and Fair Values of Financial Instruments
The carrying amounts and fair values of the Company’s other financial instruments were as follows ($ in millions):
 March 28, 2025December 31, 2024
 Carrying AmountFair ValueCarrying AmountFair Value
Debt obligations:
Notes payable and current portion of long-term debt$501 $497 $505 $502 
Long-term debt15,976 13,498 15,500 13,109