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Risk Management (Tables) | 6 Months Ended
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Jun. 29, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Largest Net Notional Amounts of the Positions to Buy or Sell Foreign Currency | The following table shows the five largest net notional amounts of the positions to buy or sell foreign currency as of June 29, 2024, and the corresponding positions as of December 31, 2023:
| Notional Amount
Net Buy (Sell) by Currency | June 29, 2024 |  | December 31, 2023
Euro | $ | 286 |  |  | $ | 322 |
Australian dollar | (220) |  |  | (140) |
British pound | 126 |  |  | 252 |
Canadian dollar | 69 |  |  | 76 |
Chinese renminbi | (64) |  |  | (66) |
Summary of Fair Values and Location In Condensed Consolidated Balance Sheet, Derivative Financial Instruments | The following tables summarize the fair values and locations in the Condensed Consolidated Balance Sheets of all derivative financial instruments held by the Company as of June 29, 2024 and December 31, 2023:
| Fair Values of Derivative Instruments
June 29, 2024 | Other Current Assets |  | Accrued Liabilities
Derivatives designated as hedging instruments: |  |  |
Foreign exchange contracts | $ | 2 |  |  | $ | — |
Derivatives not designated as hedging instruments: |  |  |
Foreign exchange contracts | 2 |  |  | 7 |
Equity swap contracts | 1 |  |  | — |
Total derivatives | $ | 5 |  |  | $ | 7 |
| Fair Values of Derivative Instruments
December 31, 2023 | Other Current Assets |  | Accrued Liabilities
Derivatives designated as hedging instruments: |  |  |
Foreign exchange contracts | $ | 1 |  |  | $ | 3 |
Treasury rate lock | — |  |  | 12 |
Derivatives not designated as hedging instruments: |  |  |
Foreign exchange contracts | 12 |  |  | 1 |
Equity swap contracts | 1 |  |  | — |
Total derivatives | $ | 14 |  |  | $ | 16 |
Summary of Derivative Instruments and the Effect on the Condensed Consolidated Statements of Operations | The following table summarizes the effect of derivatives on the Company's condensed consolidated financial statements for the three and six months ended June 29, 2024 and July 1, 2023:
| Financial Statement Location | Three Months Ended |  | Six Months Ended
Foreign Exchange Contracts | June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange contracts | Accumulated other comprehensive income (loss) | $ | 2 |  |  | $ | (2) |  |  | $ | 6 |  |  | $ | (4) |
Forward points recognized | Other income (expense) | — |  |  | 1 |  |  | 1 |  |  | 1 |
Treasury rate lock | Accumulated other comprehensive income (loss) | — |  |  | — |  |  | 4 |  |  | — |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign exchange contracts | Other income (expense) | $ | (5) |  |  | $ | 9 |  |  | $ | (15) |  |  | $ | 17 |
Equity swap contracts | Selling, general and administrative expenses | 1 |  |  | — |  |  | 2 |  |  | — |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
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