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Hedging Transactions And Derivative Financial Instruments (Tables) | 3 Months Ended
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Apr. 02, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Instruments, Gain (Loss) | The following table summarizes the notional values as of April 2, 2021 and pretax impact of changes in the fair values of instruments designated as net investment hedges and cash flow hedges in accumulated other comprehensive income (“OCI”) for the three-month periods ended April 2, 2021 and April 3, 2020 ($ in millions):
| Original Notional Amount |  | Notional Amount Outstanding |  | Gain (Loss) Recognized in OCI
For the Three-Month Period Ended April 2, 2021: |  |  |  |  |
Net investment hedges: |  |  |  |  |
Foreign currency contracts | $ | 2,875 |  |  | $ | 2,000 |  |  | $ | 23 |
Foreign currency denominated debt | 3,783 |  |  | 3,783 |  |  | 220 |
Cash flow hedges: |  |  |  |  |
Foreign currency contracts | 4,000 |  |  | 4,000 |  |  | 110 |
Total | $ | 10,658 |  |  | $ | 9,783 |  |  | $ | 353 |
For the Three-Month Period Ended April 3, 2020: |  |  |  |  |
Net investment hedges: |  |  |  |  |
Foreign currency contracts: | $ | 1,875 |  |  | $ | 1,000 |  |  | $ | 93 |
Foreign currency denominated debt | 8,103 |  |  | 8,103 |  |  | 156 |
Cash flow hedges: |  |  |  |  |
Foreign currency contracts | 4,000 |  |  | 4,000 |  |  | 651 |
Total | $ | 13,978 |  |  | $ | 13,103 |  |  | $ | 900 |
Schedule of Notional Amounts of Outstanding Derivative Positions | The following table summarizes the notional values as of April 2, 2021 and pretax impact of changes in the fair values of instruments designated as net investment hedges and cash flow hedges in accumulated other comprehensive income (“OCI”) for the three-month periods ended April 2, 2021 and April 3, 2020 ($ in millions):
| Original Notional Amount |  | Notional Amount Outstanding |  | Gain (Loss) Recognized in OCI
For the Three-Month Period Ended April 2, 2021: |  |  |  |  |
Net investment hedges: |  |  |  |  |
Foreign currency contracts | $ | 2,875 |  |  | $ | 2,000 |  |  | $ | 23 |
Foreign currency denominated debt | 3,783 |  |  | 3,783 |  |  | 220 |
Cash flow hedges: |  |  |  |  |
Foreign currency contracts | 4,000 |  |  | 4,000 |  |  | 110 |
Total | $ | 10,658 |  |  | $ | 9,783 |  |  | $ | 353 |
For the Three-Month Period Ended April 3, 2020: |  |  |  |  |
Net investment hedges: |  |  |  |  |
Foreign currency contracts: | $ | 1,875 |  |  | $ | 1,000 |  |  | $ | 93 |
Foreign currency denominated debt | 8,103 |  |  | 8,103 |  |  | 156 |
Cash flow hedges: |  |  |  |  |
Foreign currency contracts | 4,000 |  |  | 4,000 |  |  | 651 |
Total | $ | 13,978 |  |  | $ | 13,103 |  |  | $ | 900 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The Company’s derivative instruments, as well as its nonderivative debt instruments designated and qualifying as net investment hedges, were classified in the Company’s Consolidated Condensed Balance Sheets as follows ($ in millions):
| April 2, 2021 |  | December 31, 2020
Derivative liabilities: |  |  |
Accrued expenses and other liabilities | $ | 489 |  |  | $ | 622 |
Nonderivative hedging instruments: |  |  |
Long-term debt | 3,783 |  |  | 4,573 |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
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