
	Gain (loss) recognized
	Three months ended				Six months ended
	June 29,		July 1,		June 29,		July 1,
(In millions)	2024		2023		2024		2023








Derivatives designated as cash flow hedges
Interest rate swaps

Amount reclassified from accumulated other comprehensive items to interest expense	$	(1)	$	—	$	(2)	$	—
Amount reclassified from accumulated other comprehensive items to other income/(expense)	—		(1)		—		(5)
Financial instruments designated as net investment hedges
Foreign currency-denominated debt and other payables
Included in currency translation adjustment within other comprehensive items	85		(62)		361		(206)
Cross-currency interest rate swaps
Included in currency translation adjustment within other comprehensive items	293		59		736		50
Included in interest expense	68		16		134		33


	Gain (loss) recognized
	Three months ended		Six months ended
	June 29,	July 1,	June 29,	July 1,
(In millions)	2024	2023	2024	2023

Derivatives not designated as hedging instruments
Currency exchange contracts
Included in cost of product revenues	4	—	7	(3)
Included in other income/(expense)	(4)	(25)	(10)	(2)

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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