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Acquisitions and Divestitures | 12 Months Ended
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Jan. 03, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Acquisitions and Divestitures | Note 5—Acquisitions and Divestitures ACQUISITIONS We may acquire businesses as part of our growth strategy to provide new or enhance existing capabilities and offerings to customers. During fiscal 2022, we completed the acquisition of Cobham Aviation Services Australia’s Special Mission business (“Cobham Special Mission”). Cobham Special Mission Acquisition On October 30, 2022 (the “Agreement Date”), we completed the acquisition of Cobham Special Mission for purchase consideration of $298 million Australian dollars, net of $10 million of Australian dollars acquired, or $192 million United States dollars, net of $6 million of cash acquired. Cobham Special Mission provides airborne border surveillance and search and rescue services to the Australian Federal Government. For fiscal 2024, 2023 and 2022, $128 million, $115 million and $21 million, respectively, of revenues related to the Cobham Special Mission acquisition were recognized within the Commercial & International reportable segmen t. Integration Costs The following expenses were incurred related to the Company’s acquisitions:
|  | Year Ended
(in millions) |  | January 3, 2025 |  | December 29, 2023 |  | December 30, 2022
Integration costs |  | $ | 10 |  |  | $ | 19 |  |  | $ | 16 |
These integration costs have been primarily recorded within Corporate and presented in “Acquisition, integration and restructuring costs” on the consolidated statement of operations. DIVESTITURES Immaterial Divestiture On October 20, 2023, we disposed of an immaterial business within our Defense Solutions reportable segment. The final sales price was approximately $2 million and net assets of $7 million were divested as a result of the transaction.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent + Details
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