Equity (Tables)

3 Months Ended

Apr. 01, 2017

Equity [Abstract]

Schedule of Earnings Per Share

(millions, except per share data)	Net income		Average shares outstanding	Earnings per share
2017
Basic	$	262	351	$	0.75
Dilutive potential common shares			3	(0.01		)
Diluted	$	262	354	$	0.74
2016
Basic	$	175	351	$	0.50
Dilutive potential common shares			4	(0.01		)
Diluted	$	175	355	$	0.49

Reclassifications Out of AOCI

(millions)
Details about AOCI components	Amount reclassified from AOCI						Line item impacted within Income Statement
	Quarter ended April 1, 2017			Quarter ended April 2, 2016
(Gains) losses on cash flow hedges:
Foreign currency exchange contracts	$	(1	)	$	(7	)	COGS
Foreign currency exchange contracts	—			—			SG&A
Interest rate contracts	2			6			Interest expense
Commodity contracts	—			3			COGS
	$	1		$	2		Total before tax
	—			(1		)	Tax expense (benefit)
	$	1		$	1		Net of tax
Amortization of postretirement and postemployment benefits:
Net experience loss	$	1		$	1		See Note 8 for further details
Prior service cost	—			—			See Note 8 for further details
	$	1		$	1		Total before tax
	—			—			Tax expense (benefit)
	$	1		$	1		Net of tax
Total reclassifications	$	2		$	2		Net of tax

Summary of Accumulated Other Comprehensive Income (Loss)

(millions)	April 1, 2017			December 31,  2016
Foreign currency translation adjustments	$	(1,420	)	$	(1,505	)
Cash flow hedges — unrealized net gain (loss)	(66		)	(67		)
Postretirement and postemployment benefits:
Net experience loss	(13		)	(14		)
Prior service cost	11			11
Total accumulated other comprehensive income (loss)	$	(1,488	)	$	(1,575	)