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Fair Value Measurements (Tables) | 6 Months Ended
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Jul. 01, 2022
Fair Value Disclosures [Abstract] |
Financial Assets and Liabilities Carried at Fair Value | A summary of financial assets and liabilities that are measured at fair value on a recurring basis were as follows ($ in millions):
| Balance |  | Quoted Prices in Active Market (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
| July 1, 2022 |  | December 31, 2021 |  | July 1, 2022 |  | December 31, 2021 |  | July 1, 2022 |  | December 31, 2021 |  | July 1, 2022 |  | December 31, 2021
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale debt securities | $ | 15 |  |  | $ | 20 |  |  | $ | — |  |  | $ | — |  |  | $ | 15 |  |  | $ | 20 |  |  | $ | — |  |  | $ | — |
Investment in equity securities | 316 |  |  | 336 |  |  | 26 |  |  | 88 |  |  | — |  |  | — |  |  | — |  |  | — |
Cross-currency swap derivative contracts | 823 |  |  | 50 |  |  | — |  |  | — |  |  | 823 |  |  | 50 |  |  | — |  |  | — |
Carrying Amounts and Fair Values of Financial Instruments | The carrying amounts and fair values of the Company’s other financial instruments were as follows ($ in millions):
| July 1, 2022 |  | December 31, 2021
| Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Debt obligations: |  |  |  |  |  |  |
Notes payable and current portion of long-term debt | $ | 10 |  |  | $ | 10 |  |  | $ | 8 |  |  | $ | 8 |
Long-term debt | 20,052 |  |  | 17,706 |  |  | 22,168 |  |  | 22,796 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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