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v3.23.2

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions | 6 Months Ended |  |  |
--- | --- | --- | --- | ---
Jul. 02, 2023 | May 08, 2023 | Mar. 31, 2023 | Jan. 01, 2023
Derivative [Line Items] |  |  |  |
Accumulated other comprehensive income on derivatives, after tax | $ 67 |  |  |
Weighted average interest rate on non-current debt | 3.54% |  |  |
Current Debt | $ 11,701 |  |  | $ 12,771
Debt instrument, face amount |  |  | $ 7,750 |
Commercial Paper |  |  |  |
Derivative [Line Items] |  |  |  |
Current Debt | $ 9,800 |  |  |
Weighted average interest rate | 4.99% |  |  |
Term | 40 days |  |  |
Commercial Paper | Kenvue Inc. |  |  |  |
Derivative [Line Items] |  |  |  |
Current Debt | $ 700 | $ 1,200 |  |
Forward foreign exchange contracts |  |  |  |
Derivative [Line Items] |  |  |  |
Collateral already posted, aggregate fair value | 1,800 |  |  |
Derivative, notional amount | 46,900 |  |  | 43,300
Cross currency interest rate swaps |  |  |  |
Derivative [Line Items] |  |  |  |
Derivative, notional amount | 39,500 |  |  | 36,200
Interest Rate Swap |  |  |  |
Derivative [Line Items] |  |  |  |
Derivative, notional amount | 10,000 |  |  | $ 12,400
Equity Investments without readily determinable value | Equity Securities |  |  |  |
Derivative [Line Items] |  |  |  |
Changes in Fair Value Reflected in Net Income | $ (26) |  |  |

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