Equity (Tables)

6 Months Ended

Jul. 01, 2023

Equity [Abstract]

Summary of Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss), net of tax, as of July 1, 2023 and December 31, 2022 consisted of the following:

(millions)	July 1, 2023		December 31, 2022
Foreign currency translation adjustments	$	(2,276)	$	(2,111)
Net investment hedges gain (loss)	210		282
Cash flow hedges — net deferred gain (loss)	152		150
Postretirement and postemployment benefits:
Net experience gain (loss)	1		2
Prior service credit (cost)	(27)		(27)
Available-for-sale securities unrealized net gain (loss)	(3)		(4)
Total accumulated other comprehensive income (loss)	$	(1,943)	$	(1,708)