Debt (Tables)

6 Months Ended

Jul. 02, 2016

Debt Disclosure [Abstract]

Components of Notes Payable

The following table presents the components of notes payable at July 2, 2016 and January 2, 2016:

	July 2, 2016				January 2, 2016
(millions)	Principal amount		Effective interest rate (a)		Principal amount		Effective interest rate
U.S. commercial paper	$	425	0.70	%	$	899	0.45	%
Europe commercial paper	328		(0.09	)%	261		0.01	%
Bank borrowings	27				44
Total	$	780			$	1,204

(a) Negative effective interest rates on certain borrowings in Europe are the result of efforts by the European Central Bank to stimulate the economy in the eurozone.