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DERIVATIVE INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Narrative (Details) € in Millions, $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 29, 2024 USD ($) | Jun. 29, 2024 EUR (€) | Jul. 01, 2023 USD ($) | Jun. 29, 2024 USD ($) | Jun. 29, 2024 EUR (€) | Jul. 01, 2023 USD ($)
Derivative [Line Items] |  |  |  |  |  |
Net deferred losses reported in AOCI to be reclassified into income in the next twelve months |  |  |  | $ 1 |  |
Collateral posted | $ 49 |  |  | 49 |  |
Gain (loss) recognized in AOCI | 28 |  | $ (37) | 99 |  | $ (94)
Unrealized gain (loss) on cash flow hedges, pre-tax | 17 |  | 15 | 39 |  | (3)
Net Investment Hedging |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Gain (loss) recognized in AOCI | 28 |  | (37) | 99 |  | (94)
Cross currency interest rate contract | Net Investment Hedging |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Gain (loss) recognized in AOCI | (7) |  | 17 |  |  |
Accounts Receivable, Net | Exchange-traded commodity |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Margin deposits | 11 |  |  | 11 |  |
Interest expense | Cash Flow Hedging |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Unrealized gain (loss) on cash flow hedges, pre-tax | 11 | € (5) |  | 11 | € (5) | 71
Interest expense | Cross currency interest rate contract | Net Investment Hedging |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Gain (loss) recognized in AOCI | $ 14 |  | $ (35) | $ 48 |  | $ (60)

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- Definition The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480870/815-30-50-1 + Details
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- Definition The aggregate fair value of assets that are already posted, at the end of the reporting period, as collateral for derivative instruments with credit-risk-related contingent features. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4H -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H + Details
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