Risk Management (Tables)

9 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Largest Net Notional Amounts of the Positions to Buy or Sell Foreign Currency

The following table shows the five largest net notional amounts of the positions to buy or sell foreign currency as of September 30, 2023, and the corresponding positions as of December 31, 2022: 

	Notional Amount
Net Buy (Sell) by Currency	September 30, 2023		December 31, 2022
British pound	$	262	$	290
Euro	250		185
Australian dollar	(124)		(130)
Canadian dollar	75		—
Chinese renminbi	(68)		(61)

Summary of Fair Values and Location In Condensed Consolidated Balance Sheet, Derivative Financial Instruments

The following tables summarize the fair values and locations in the Condensed Consolidated Balance Sheets of all derivative financial instruments held by the Company as of September 30, 2023 and December 31, 2022:

	Fair Values of Derivative Instruments
September 30, 2023	Other Current Assets		Accrued Liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts	$	9	$	—
Derivatives not designated as hedging instruments:
Foreign exchange contracts	1		19
Equity swap contracts	—		1
Total derivatives	$	10	$	20

	Fair Values of Derivative Instruments
December 31, 2022	Other Current Assets		Accrued Liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts	$	—	$	5
Derivatives not designated as hedging instruments:
Foreign exchange contracts	15		—
Total derivatives	$	15	$	5

Summary of Derivative Instruments and the Effect on the Condensed Consolidated Statements of Operations

The following table summarizes the effect of derivatives on the Company's condensed consolidated financial statements for the three and nine months ended September 30, 2023 and October 1, 2022:

	Financial Statement Location	Three Months Ended				Nine Months Ended
		September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Derivatives designated as hedging instruments:
Foreign exchange contracts	Accumulated other comprehensive gain (loss)	$	9	$	12	$	5	$	24
Forward points recognized	Other income (expense)	1		1		2		1
Derivatives not designated as hedging instruments:
Foreign exchange contracts	Other income (expense)	(26)		(54)		(9)		(111)
Equity swap contracts	Selling, general and administrative expenses	(1)		—		(1)		—