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Investments and Fair Value Measurements (Tables)

12 Months Ended

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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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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