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Cash, Cash Equivalents and Current Marketable Securities (Tables) | 12 Months Ended
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Jan. 03, 2021
Cash and Cash Equivalents [Abstract] |
Cash and Cash Equivalent Composition | 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.
Contractual Maturities of Available for Sale Securities | 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 |

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- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References No definition available. + Details
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- Definition Tabular disclosure of the components of cash, cash equivalents, and investments. + References No definition available. + Details
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