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Derivative Instruments (Tables) | 3 Months Ended
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Apr. 02, 2016
Financial Information Related to Hedging of Net Assets Included in Consolidated Statements of Operations | Summary financial information related to these activities included in the Company’s consolidated statements of operations as other (expense) income is as follows (in millions):
| Three Months Ended
| April 2, 2016 Restated |  | April 4, 2015
Realized (loss) gain from foreign exchange derivatives | $ | (5 | ) |  | $ | 1 |
Gain (loss) on net foreign currency assets | 7 |  |  | (28 | )
Foreign exchange gain (loss) | $ | 2 |  |  | $ | (27 | )
| April 2, 2016 |  | December 31, 2015
Notional balance of outstanding contracts (in millions): |  |  |
British Pound/US dollar | £ | 7 |  |  | £ | 5 |
Euro/US dollar | € | 125 |  |  | € | 133 |
British Pound/Euro | £ | — |  |  | £ | 7 |
Canadian Dollar/US dollar | $ | 3 |  |  | $ | 5 |
Czech Koruna/US dollar | Kč | 240 |  |  | Kč | 140 |
Brazilian Real/US dollar | R$ | 10 |  |  | R$ | 28 |
Malaysian Ringgit/US dollar | RM | 52 |  |  | RM | 13 |
Net fair value of outstanding contracts | $ | — |  |  | $ | 1 |
Financial Information Related to Cash Flow Hedges | Summary financial information related to the cash flow hedges within comprehensive (loss) income is as follows (in millions):
| Three Months Ended
| April 2, 2016 |  | April 4, 2015
Change in unrealized (loss) gain on anticipated sales hedging: |  |  |
Gross | $ | (19 | ) |  | $ | 2 |
Income tax (benefit) expense | (4 | ) |  | — |
Net | $ | (15 | ) |  | $ | 2 |
Financial Information Related to Cash Flow Hedges of Future Revenues | Summary financial information related to the cash flow hedges of future revenues is as follows (in millions, except percentages):
| April 2, 2016 |  | December 31, 2015
Notional balance of outstanding contracts versus the dollar | € | 523 |  |  | € | 193 |
Hedge effectiveness | 100 | % |  | 100 | %
| Three Months Ended
| April 2, 2016 |  | April 4, 2015
Net (loss) gain included in revenue | $ | (2 | ) |  | $ | 6 |
Forward Contract Amounts Recorded in Consolidated Balance Sheet | The amounts recorded on the consolidated balance sheets are as follows (in millions):
| April 2, 2016 |  | December 31, 2015
Assets: |  |  |
Prepaid expenses and other current assets | $ | — |  |  | $ | 7 |
Total | $ | — |  |  | $ | 7 |
Liabilities: |  |  |  |
Accrued liabilities | $ | 23 |  |  | $ | — |
Total | $ | 23 |  |  | $ | — |
Schedule of Gross and Net Amount Offset | The gross fair values and related offsetting counterparty fair values as well as the net fair value amounts at April 2, 2016 were as follows (in millions):
| Gross Fair Value |  | Counterparty Offsetting |  | Net Fair Value in the Consolidated Balance Sheets
Counterparty A | $ | 18 |  |  | $ | 10 |  |  | $ | 8 |
Counterparty B | 6 |  |  | 3 |  |  | 3 |
Counterparty C | 6 |  |  | 3 |  |  | 3 |
Counterparty D | 12 |  |  | 5 |  |  | 7 |
Counterparty E | 6 |  |  | 2 |  |  | 4 |
Counterparty F | 6 |  |  | 3 |  |  | 3 |
Counterparty G | 7 |  |  | — |  |  | 7 |
Total | $ | 61 |  |  | $ | 26 |  |  | $ | 35 |
Schedule of Series of Forward Starting Swaps Each with a Term of One Year | The New Swaps have the following notional amounts per year (in millions):
| April 2, 2016
Year 2016 | $ | 1,010 |
Year 2017 | 697 |
Year 2018 | 544 |
Year 2019 | 544 |
Year 2020 | 272 |
Year 2021 | 272 |
Notional balance of outstanding contracts | $ | 3,339 |
Forward Interest Rate Swap |
Forward Contract Amounts Recorded in Consolidated Balance Sheet | The balance sheet position of the New Swaps designated in a hedge relationship is as follows (in millions, except percentages):
| April 2, 2016 |  | December 31, 2015
Accrued liabilities | $ | 1 |  |  | $ | 1 |
Other long-term liabilities | $ | 25 |  |  | $ | 14 |
Hedge effectiveness | 100 | % |  | 100 | %
Schedule of Gain (Loss) Recognized on Forward Interest Rate Swaps Not Designated in Hedge Relationship | The gain recognized on the forward interest rate swaps not designated in a hedge relationship is combined with interest expense and other, net in the consolidated statements of operations is as follows (in millions):
| Three Months Ended
| April 2, 2016 |  | April 4, 2015
Interest income on forward interest rate swaps | $ | 1 |  |  | $ | 2 |
Schedule of Loss Recognized in Other Comprehensive Unrealized Loss on Forward Interest Rate Swaps Designated in Hedging Relationship | The gain recognized on the forward interest rate swaps not designated in a hedge relationship is combined with interest expense and other, net in the consolidated statements of operations is as follows (in millions):
| Three Months Ended
| April 2, 2016 |  | April 4, 2015
Interest income on forward interest rate swaps | $ | 1 |  |  | $ | 2 |
The loss recognized in other comprehensive unrealized loss on the forward interest rate swaps designated in a hedging relationship is as follows (in millions):
| Three Months Ended
| April 2, 2016 |  | April 4, 2015
Change in unrealized loss on forward interest rate swap hedging: |  |  |
Gross | $ | (10 | ) |  | $ | (12 | )
Income tax benefit | (3 | ) |  | (5 | )
Net | $ | (7 | ) |  | $ | (7 | )

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- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of gains and losses on derivative instruments included in an entity's trading activities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 55 -Paragraph 184 -URI http://asc.fasb.org/extlink&oid=51664841&loc=SL5634876-113961 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4F -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624186-113959 + Details
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- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=58740216&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure for net investment hedges of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959 + Details
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