XML 62 R37.htm IDEA: XBRL DOCUMENT
v3.20.4

Borrowings (Tables) | 12 Months Ended
--- | ---
Jan. 03, 2021
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The components of long-term debt are as follows:
(Dollars in Millions) |  | 2020 |  | Effective Rate % |  | 2019 |  | Effective Rate % |
3% Zero Coupon Convertible Subordinated Debentures due 2020 |  | $ | — |  |  | — |  |  | 51 |  |  | 3.00 |  |
2.95% Debentures due 2020 |  | — |  |  | — |  |  | 549 |  |  | 3.15 |  |
1.950% Notes due 2020 |  | — |  |  | — |  |  | 500 |  |  | 1.99 |  |
3.55% Notes due 2021 |  | 450 |  |  | 3.67 |  |  | 449 |  |  | 3.67 |  |
2.45% Notes due 2021 |  | 350 |  |  | 2.48 |  |  | 349 |  |  | 2.48 |  |
1.65% Notes due 2021 |  | 999 |  |  | 1.65 |  |  | 999 |  |  | 1.65 |  |
0.250% Notes due 2022 (1B Euro 1.2281)(2)/(1B Euro 1.1096)(3) |  | 1,227 |  | (2) | 0.26 |  |  | 1,108 |  | (3) | 0.26 |  |
2.25% Notes due 2022 |  | 999 |  |  | 2.31 |  |  | 998 |  |  | 2.31 |  |
6.73% Debentures due 2023 |  | 250 |  |  | 6.73 |  |  | 250 |  |  | 6.73 |  |
3.375% Notes due 2023 |  | 803 |  |  | 3.17 |  |  | 804 |  |  | 3.17 |  |
2.05% Notes due 2023 |  | 499 |  |  | 2.09 |  |  | 498 |  |  | 2.09 |  |
0.650% Notes due 2024 (750MM Euro 1.2281)(2)/(750MM Euro 1.1096)(3) |  | 919 |  | (2) | 0.68 |  |  | 829 |  | (3) | 0.68 |  |
5.50% Notes due 2024 (500MM 1.3654 GBP )(2)/(500MM GBP 1.2987)(3) |  | 679 |  | (2) | 6.75 |  |  | 645 |  | (3) | 6.75 |  |
2.625% Notes due 2025 |  | 748 |  |  | 2.63 |  |  | 748 |  |  | 2.63 |  |
0.55% Notes due 2025(5) |  | 996 |  |  | 0.57 |  |  | — |  |  | — |  |
2.45% Notes due 2026 |  | 1,994 |  |  | 2.47 |  |  | 1,993 |  |  | 2.47 |  |
2.95% Notes due 2027 |  | 997 |  |  | 2.96 |  |  | 996 |  |  | 2.96 |  |
0.95% Notes due 2027(5) |  | 1,494 |  |  | 0.96 |  |  | — |  |  | — |  |
1.150% Notes due 2028 (750MM Euro 1.2281)(2)/(750MM Euro 1.1096)(3) |  | 915 |  | (2) | 1.21 |  |  | 825 |  | (3) | 1.21 |  |
2.90% Notes due 2028 |  | 1,495 |  |  | 2.91 |  |  | 1,494 |  |  | 2.91 |  |
6.95% Notes due 2029 |  | 297 |  |  | 7.14 |  |  | 297 |  |  | 7.14 |  |
1.30% Notes due 2030(5) |  | 1,743 |  |  | 1.30 |  |  | — |  |  | — |  |
4.95% Debentures due 2033 |  | 498 |  |  | 4.95 |  |  | 498 |  |  | 4.95 |  |
4.375% Notes due 2033 |  | 855 |  |  | 4.24 |  |  | 855 |  |  | 4.24 |  |
1.650% Notes due 2035 (1.5B Euro 1.2281)(2)/(1.5B Euro 1.1096)(3) |  | 1,827 |  | (2) | 1.68 |  |  | 1,649 |  | (3) | 1.68 |  |
3.55% Notes due 2036 |  | 989 |  |  | 3.59 |  |  | 989 |  |  | 3.59 |  |
5.95% Notes due 2037 |  | 992 |  |  | 5.99 |  |  | 992 |  |  | 5.99 |  |
3.625% Notes due 2037 |  | 1,488 |  |  | 3.64 |  |  | 1,487 |  |  | 3.64 |  |
5.85% Debentures due 2038 |  | 696 |  |  | 5.85 |  |  | 696 |  |  | 5.85 |  |
3.400% Notes due 2038 |  | 991 |  |  | 3.42 |  |  | 991 |  |  | 3.42 |  |
4.50% Debentures due 2040 |  | 539 |  |  | 4.63 |  |  | 539 |  |  | 4.63 |  |
2.10% Notes due 2040(5) |  | 986 |  |  | 2.14 |  |  | — |  |  | — |  |
4.85% Notes due 2041 |  | 297 |  |  | 4.89 |  |  | 297 |  |  | 4.89 |  |
4.50% Notes due 2043 |  | 496 |  |  | 4.52 |  |  | 495 |  |  | 4.52 |  |
3.70% Notes due 2046 |  | 1,974 |  |  | 3.74 |  |  | 1,973 |  |  | 3.74 |  |
3.75% Notes due 2047 |  | 991 |  |  | 3.76 |  |  | 991 |  |  | 3.76 |  |
3.500% Notes due 2048 |  | 742 |  |  | 3.52 |  |  | 742 |  |  | 3.52 |  |
2.250% Notes due 2050(5) |  | 984 |  |  | 2.29 |  |  | — |  |  | — |  |
2.450% Notes due 2060(5) |  | 1,228 |  |  | 2.49 |  |  | — |  |  | — |  |
Other |  | 7 |  |  | — |  |  | 18 |  |  | — |  |
Subtotal |  | 34,434 |  | (4) | 2.85 | % | (1) | 27,594 |  | (4) | 3.19 |  | (1)
Less current portion |  | 1,799 |  |  |  |  | 1,100 |  |  |  |
Total long-term debt |  | $ | 32,635 |  |  |  |  | 26,494 |  |  |  |
(1)Weighted average effective rate. (2)Translation rate at January 3, 2021. (3)Translation rate at December 29, 2019. (4)The excess of the fair value over the carrying value of debt was $5.4 billion at the end of fiscal year 2020 and $3.0 billion at the end of fiscal year 2019. (5)In the fiscal third quarter of 2020, the Company issued senior unsecured notes for a total of $7.5 billion.
Aggregate Maturities of Long Term Obligations | Aggregate maturities of long-term debt obligations commencing in 2021 are:
(Dollars in Millions) |  |  |  |  |  |  |  |
2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | After 2025
$1,799 |  | 2,226 |  | 1,552 |  | 1,598 |  | 1,744 |  | 25,515

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -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 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration