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Cash, Cash Equivalents and Current Marketable Securities | 12 Months Ended
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Jan. 03, 2021
Cash and Cash Equivalents [Abstract] |
Cash, Cash Equivalents and Current Marketable Securities | Cash, Cash Equivalents and Current Marketable Securities At the end of the fiscal year 2020 and 2019, cash, cash equivalents and current marketable securities were comprised of:
(Dollars in Millions) |  | 2020
|  | Carrying Amount |  | Unrecognized Gain |  |  |  | Estimated Fair Value |  | Cash & Cash Equivalents |  | Current Marketable Securities
Cash |  | $ | 2,863 |  |  | — |  |  |  |  | 2,863 |  |  | 2,863 |  |  | — |
Non-U.S. Sovereign Securities(1) |  | 690 |  |  | — |  |  |  |  | 690 |  |  | — |  |  | 690 |
U.S. Reverse repurchase agreements |  | 1,937 |  |  | — |  |  |  |  | 1,937 |  |  | 1,937 |  |  | — |
Corporate debt securities(1) |  | 2,674 |  |  | — |  |  |  |  | 2,674 |  |  | 1,451 |  |  | 1,223 |
Money market funds |  | 2,102 |  |  | — |  |  |  |  | 2,102 |  |  | 2,102 |  |  | — |
Time deposits(1) |  | 877 |  |  | — |  |  |  |  | 877 |  |  | 877 |  |  | — |
Subtotal |  | $ | 11,143 |  |  | — |  |  |  |  | 11,143 |  |  | 9,230 |  |  | 1,913 |
U.S. Gov't Securities |  | $ | 13,777 |  |  | 1 |  |  |  |  | 13,778 |  |  | 4,731 |  |  | 9,047 |
Other Sovereign Securities |  | 14 |  |  | — |  |  |  |  | 14 |  |  | — |  |  | 14 |
Corporate debt securities |  | 250 |  |  | — |  |  |  |  | 250 |  |  | 24 |  |  | 226 |
Subtotal available for sale(2) |  | $ | 14,041 |  |  | 1 |  |  |  |  | 14,042 |  |  | 4,755 |  |  | 9,287 |
Total cash, cash equivalents and current marketable securities |  |  |  |  |  |  |  |  |  | $ | 13,985 |  |  | 11,200 |
(Dollars in Millions) |  | 2019
|  | Carrying Amount |  |  |  |  |  |  |  | Cash & Cash Equivalents |  | Current Marketable Securities
Cash |  | $ | 2,637 |  |  |  |  |  |  |  |  | 2,637 |  |  | — |
Non-U.S. Sovereign Securities(1) |  | 439 |  |  |  |  |  |  |  |  | 149 |  |  | 290 |
U.S. Reverse repurchase agreements |  | 6,375 |  |  |  |  |  |  |  |  | 6,375 |  |  | — |
Other Reverse repurchase agreements |  | 375 |  |  |  |  |  |  |  |  | 375 |  |  | — |
Corporate debt securities(1) |  | 1,323 |  |  |  |  |  |  |  |  | 889 |  |  | 434 |
Money market funds |  | 2,864 |  |  |  |  |  |  |  |  | 2,864 |  |  | — |
Time deposits(1) |  | 906 |  |  |  |  |  |  |  |  | 906 |  |  | — |
Subtotal |  | $ | 14,919 |  |  |  |  |  |  |  |  | 14,195 |  |  | 724 |
Gov't Securities |  | $ | 4,102 |  |  |  |  |  |  |  |  | 3,095 |  |  | 1,007 |
Corporate debt securities |  | 266 |  |  |  |  |  |  |  |  | 15 |  |  | 251 |
Subtotal available for sale(2) |  | $ | 4,368 |  |  |  |  |  |  |  |  | 3,110 |  |  | 1,258 |
Total cash, cash equivalents and current marketable securities |  |  |  |  |  |  |  |  |  | $ | 17,305 |  |  | 1,982 |
(1) Held to maturity investments are reported at amortized cost and realized gains or losses are reported in earnings. (2) Available for sale debt securities are reported at fair value with unrealized gains and losses reported net of taxes in other comprehensive income. At the end of fiscal year 2019, the carrying amount was the same as the estimated fair value. Fair value of government securities and obligations and corporate debt securities were estimated using quoted broker prices and significant other observable inputs. The contractual maturities of the available for sale debt securities at January 3, 2021 are as follows:
(Dollars in Millions) |  | Cost Basis |  | Fair Value
Due within one year |  | $ | 14,026 |  |  | 14,027 |
Due after one year through five years |  | 15 |  |  | 15 |
Due after five years through ten years |  | — |  |  | — |
Total debt securities |  | $ | 14,041 |  |  | 14,042 |
The Company invests its excess cash in both deposits with major banks throughout the world and other high-quality money market instruments. The Company has a policy of making investments only with commercial institutions that have at least an investment grade credit rating.

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- Definition The entire disclosure of cash, cash equivalents, and debt and equity securities, including any unrealized or realized gain (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 + Details
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