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Investments and Fair Value Measurements (Tables) | 12 Months Ended
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Jan. 02, 2022
Fair Value Disclosures [Abstract] |
Schedule of Short-term Investments |
|  |  | January 3, 2021
In millions |  |  |  |  |  |  |  |  |  |  | Amortized Cost |  | Gross Unrealized Gains |  |  |  |  |  | Estimated Fair Value
Debt securities in government-sponsored entities |  |  |  |  |  |  |  |  |  |  | $ | 10 |  |  | $ | — |  |  |  |  |  |  | $ | 10 |
Corporate debt securities |  |  |  |  |  |  |  |  |  |  | 445 |  |  | — |  |  |  |  |  |  | 445 |
U.S. Treasury securities |  |  |  |  |  |  |  |  |  |  | 830 |  |  | 1 |  |  |  |  |  |  | 831 |
Total |  |  |  |  |  |  |  |  |  |  | $ | 1,285 |  |  | $ | 1 |  |  |  |  |  |  | $ | 1,286 |
Schedule of Marketable Securities | Gains and losses recognized in other income, net on our marketable equity securities for 2021, 2020, and 2019 were as follows:
In millions | 2021 |  | 2020 |  | 2019
Net (losses) gains recognized during the period on marketable equity securities | $ | (52) |  |  | $ | 270 |  |  | $ | 53 |
Less: Net losses recognized during the period on marketable equity securities sold during the period | 89 |  |  | — |  |  | — |
Net unrealized gains recognized during the period on marketable equity securities still held at the reporting date | $ | 37 |  |  | $ | 270 |  |  | $ | 53 |
Schedule of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following table presents the hierarchy for assets and liabilities measured at fair value on a recurring basis:
| January 2, 2022 |  | January 3, 2021
In millions | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds (cash equivalents) | $ | 688 |  |  | $ | — |  |  | $ | — |  |  | $ | 688 |  |  | $ | 1,512 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,512 |
Debt securities in government-sponsored entities | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | — |  |  | 10 |
Corporate debt securities | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 445 |  |  | — |  |  | 445 |
U.S. Treasury securities | — |  |  | — |  |  | — |  |  | — |  |  | 831 |  |  | — |  |  | — |  |  | 831 |
Marketable equity securities | 107 |  |  | — |  |  | — |  |  | 107 |  |  | 376 |  |  | — |  |  | — |  |  | 376 |
Helix contingent value right | — |  |  | — |  |  | 65 |  |  | 65 |  |  | — |  |  | — |  |  | 35 |  |  | 35 |
Derivative assets related to terminated acquisition | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 26 |  |  | 26 |
Deferred compensation plan assets | — |  |  | 60 |  |  | — |  |  | 60 |  |  | — |  |  | 55 |  |  | — |  |  | 55 |
Total assets measured at fair value | $ | 795 |  |  | $ | 60 |  |  | $ | 65 |  |  | $ | 920 |  |  | $ | 2,719 |  |  | $ | 510 |  |  | $ | 61 |  |  | $ | 3,290 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration liabilities | $ | — |  |  | $ | — |  |  | $ | 615 |  |  | $ | 615 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Deferred compensation plan liability | — |  |  | 56 |  |  | — |  |  | 56 |  |  | — |  |  | 51 |  |  | — |  |  | 51 |
Total liabilities measured at fair value | $ | — |  |  | $ | 56 |  |  | $ | 615 |  |  | $ | 671 |  |  | $ | — |  |  | $ | 51 |  |  | $ | — |  |  | $ | 51 |
Schedule of Changes in Estimated Fair Value of Acquisition Related Contingent Consideration Liabilities | Changes in the estimated fair value of contingent consideration liabilities during 2021 were as follows:
In millions |
Balance as of January 3, 2021 | $ | — |
Acquisition of GRAIL | 762 |
Other acquisition | 14 |
Measurement period adjustment | (5) |
Cash payments | (15) |
Exchange of GRAIL contingent value rights | (145) |
Change in estimated fair value | 4 |
Balance as of January 2, 2022 | $ | 615 |

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