XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.22.1

Investments and Fair Value Measurements (Tables) | 3 Months Ended
--- | ---
Apr. 03, 2022
Fair Value Disclosures [Abstract] |
Schedule of Marketable Securities | Net losses recognized in other expense, net on our marketable equity securities were as follows:
In millions | Q1 2022 |  | Q1 2021 |  |  |  |
Net losses recognized during the period on marketable equity securities | $ | (42) |  |  | $ | (72) |  |  |  |  |
Less: Net losses recognized during the period on marketable equity securities sold during the period | — |  |  | 14 |  |  |  |  |
Net unrealized losses recognized during the period on marketable equity securities still held at the reporting date | $ | (42) |  |  | $ | (58) |  |  |  |  |
Schedule of 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:
| April 3, 2022 |  | January 2, 2022
In millions | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds (cash equivalents) | $ | 775 |  |  | $ | — |  |  | $ | — |  |  | $ | 775 |  |  | $ | 688 |  |  | $ | — |  |  | $ | — |  |  | $ | 688 |
Marketable equity securities | 65 |  |  | — |  |  | — |  |  | 65 |  |  | 107 |  |  | — |  |  | — |  |  | 107 |
Helix contingent value right | — |  |  | — |  |  | 70 |  |  | 70 |  |  | — |  |  | — |  |  | 65 |  |  | 65 |
Deferred compensation plan assets | — |  |  | 57 |  |  | — |  |  | 57 |  |  | — |  |  | 60 |  |  | — |  |  | 60 |
Total assets measured at fair value | $ | 840 |  |  | $ | 57 |  |  | $ | 70 |  |  | $ | 967 |  |  | $ | 795 |  |  | $ | 60 |  |  | $ | 65 |  |  | $ | 920 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration liability | $ | — |  |  | $ | — |  |  | $ | 566 |  |  | $ | 566 |  |  | $ | — |  |  | $ | — |  |  | $ | 615 |  |  | $ | 615 |
Deferred compensation plan liability | — |  |  | 54 |  |  | — |  |  | 54 |  |  | — |  |  | 56 |  |  | — |  |  | 56 |
Total liabilities measured at fair value | $ | — |  |  | $ | 54 |  |  | $ | 566 |  |  | $ | 620 |  |  | $ | — |  |  | $ | 56 |  |  | $ | 615 |  |  | $ | 671 |
Schedule of Changes in Estimated Fair Value of Acquisition Related Contingent Consideration Liabilities | Changes in the estimated fair value of our contingent consideration liability during Q1 2022 were as follows:
In millions |
Balance as of January 2, 2022 | $ | 615 |
Change in estimated fair value | (49) |
Balance as of April 3, 2022(1) (2) | $ | 566 |
_____________ (1)As of April 3, 2022, $565 million was included in other long-term liabilities, with remaining balance included in accrued liabilities. (2)Covered Revenues for Q4 2021 were $10 million, driven primarily by sales of GRAIL’s Galleri test. Covered Revenue Payments in Q1 2022 were approximately $97,000; however, pursuant to the Contingent Value Rights Agreement, the Covered Revenue Payments were applied to reimburse us for certain expenses

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

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References No definition available. + Details
Name: | us-gaap_MarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration