Accumulated Other Comprehensive (Loss) Income (Tables)

9 Months Ended

Sep. 28, 2024

The changes in each component of AOCI during the nine months ended September 28, 2024 and September 30, 2023 were as follows (in millions):


	Unrealized gain (loss) on sales hedging		Foreign currency translation adjustments		Total
Balance at December 31, 2022	$	(11)	$	(55)	$	(66)
Other comprehensive income (loss) before reclassifications	16		(2)		14
Amounts reclassified from AOCI(1)	16		—		16
Tax effect	(8)		—		(8)
Other comprehensive income (loss), net of tax	24		(2)		22
Balance at September 30, 2023	$	13	$	(57)	$	(44)

Balance at December 31, 2023	$	(5)	$	(49)	$	(54)
Other comprehensive income (loss) before reclassifications	(3)		1		(2)
Amounts reclassified from AOCI(1)	(4)		—		(4)
Tax effect	1		—		1
Other comprehensive income (loss), net of tax	(6)		1		(5)
Balance at September 28, 2024	$	(11)	$	(48)	$	(59)

(1) See Note 8, Derivative Instruments regarding the timing of reclassifications to operating results.