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Derivative Instruments and Fair Value Measurements - Effect of Derivative Instruments on the Consolidated Statements of Income and Comprehensive Income (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jul. 02, 2022 | Jul. 03, 2021 | Jul. 02, 2022 | Jul. 03, 2021
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) recognized in AOCI | $ 255 | $ (42) | $ 356 | $ 88
Not Designated as Hedging Instrument |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) recognized in income | (48) | 47 | 52 | 46
Not Designated as Hedging Instrument | Foreign currency exchange contracts | COGS |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) recognized in income | 32 | (9) | 20 | (26)
Not Designated as Hedging Instrument | Foreign currency exchange contracts | Selling, General and Administrative Expenses |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) recognized in income | 4 | 1 | 5 | 5
Not Designated as Hedging Instrument | Foreign currency exchange contracts | Interest expense |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) recognized in income | 1 | 0 | 2 | 1
Not Designated as Hedging Instrument | Foreign currency exchange contracts | Other income (expense), net |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) recognized in income | (7) | 0 | (9) | (1)
Not Designated as Hedging Instrument | Commodity contracts | COGS |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) recognized in income | (78) | 55 | 34 | 67
Net Investment Hedging |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) recognized in AOCI | 255 | (42) | 356 | 88
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net | 11 | 5 | 17 | 10
Net Investment Hedging | Foreign currency denominated long-term debt |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) recognized in AOCI | 134 | (32) | 202 | 71
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net | 0 | 0 | 0 | 0
Net Investment Hedging | Cross currency interest rate contract |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) recognized in AOCI |  |  | 37 |
Net Investment Hedging | Cross currency interest rate contract | Interest expense |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |
Gain (loss) recognized in AOCI | 121 | (10) | 154 | 17
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net | $ 11 | $ 5 | $ 17 | $ 10

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- Definition The portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments representing (a) the amount of the hedge ineffectiveness and (b) the amount, if any, excluded from the assessment of hedge effectiveness. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -Subparagraph (a)(1),(2) -URI https://asc.fasb.org/extlink&oid=121577467&loc=d3e76258-113986 + Details
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- Definition Net gain (loss) relating to components of the gain (loss) on the fair value hedging instrument excluded from the assessment of fair value hedge effectiveness. Recognized in earnings. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -Subparagraph (a)(2) -URI https://asc.fasb.org/extlink&oid=121577467&loc=d3e76258-113986 + Details
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