Risk Management (Tables)

3 Months Ended

Mar. 30, 2024

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 March 30, 2024, and the corresponding positions as of December 31, 2023: 

	Notional Amount
Net Buy (Sell) by Currency	March 30, 2024		December 31, 2023
Euro	$	248	$	322
British pound	147		252
Australian dollar	(105)		(140)
Chinese renminbi	(65)		(66)
Brazilian real	(27)		(34)

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 March 30, 2024 and December 31, 2023:

	Fair Values of Derivative Instruments
March 30, 2024	Other Current Assets		Accrued Liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts	$	1	$	—
Derivatives not designated as hedging instruments:
Foreign exchange contracts	—		2
Equity swap contracts	—		—
Total derivatives	$	1	$	2

	Fair Values of Derivative Instruments
December 31, 2023	Other Current Assets		Accrued Liabilities
Derivatives designated as hedging instruments:
Foreign exchange contracts	$	1	$	3
Treasury rate lock	—		12
Derivatives not designated as hedging instruments:
Foreign exchange contracts	12		1
Equity swap contracts	1		—
Total derivatives	$	14	$	16

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 months ended March 30, 2024 and April 1, 2023:

	Financial Statement Location	Three Months Ended
		March 30, 2024		April 1, 2023
Derivatives designated as hedging instruments:
Foreign exchange contracts	Accumulated other comprehensive income (loss)	$	4	$	(2)
Forward points recognized	Other income (expense)	1		1
Treasury rate lock	Accumulated other comprehensive income (loss)	4		—
Derivatives not designated as hedging instruments:
Foreign exchange contracts	Other income (expense)	$	(10)	$	7
Equity swap contracts	Selling, general and administrative expenses	1		—