Debt (Tables)

9 Months Ended

Oct. 01, 2016

Debt Disclosure [Abstract]

Components of Notes Payable

The following table presents the components of notes payable at October 1, 2016 and January 2, 2016:

	October 1, 2016				January 2, 2016
(millions)	Principal amount		Effective interest rate (a)		Principal amount		Effective interest rate
U.S. commercial paper	$	100	0.48	%	$	899	0.45	%
Europe commercial paper	320		(0.15	)%	261		0.01	%
Bank borrowings	34				44
Total	$	454			$	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.