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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Cash flows from operating activities:    
Net loss $ (2,114) $ (231)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation expense 116 116
Amortization of intangible assets 97 99
Share-based compensation expense 208 199
Deferred income taxes (180) 36
Goodwill and intangible impairment 1,889 0
Property and equipment and right-of-use asset impairment 32 7
Net losses on strategic investments 330 19
Gain on Helix contingent value right (11) (3)
Change in fair value of contingent consideration liabilities (255) 28
Other (11) 14
Changes in operating assets and liabilities:    
Accounts receivable 72 (78)
Inventory 4 (49)
Prepaid expenses and other current assets (16) (6)
Operating lease right-of-use assets and liabilities, net (14) (10)
Other assets (9) 4
Accounts payable (30) (44)
Accrued liabilities 83 29
Other long-term liabilities (34) (15)
Net cash provided by operating activities 157 115
Cash flows from investing activities:    
Purchases of property and equipment (67) (99)
Purchases of strategic investments (22) (11)
Sales of strategic investments 0 18
Cash paid for intangible asset 0 (1)
Net cash used in investing activities (89) (93)
Cash flows from financing activities:    
GRAIL cash deconsolidated as a result of spin-off (968) 0
Borrowings on delayed draw term loan, net of issuance costs 744 0
Debt issuance costs paid for credit facility 0 (1)
Payments on contingent consideration liabilities (1) 0
Payments on term notes 0 (500)
Taxes paid related to net share settlement of equity awards (2) (12)
Proceeds from issuance of common stock 36 37
Net cash used in financing activities (191) (476)
Effect of exchange rate changes on cash and cash equivalents (5) (4)
Net decrease in cash and cash equivalents (128) (458)
Cash and cash equivalents at beginning of period 1,048 2,011
Cash and cash equivalents at end of period 920 1,553
Supplemental cash flow information:    
GRAIL net assets, excluding cash and cash equivalents, deconsolidated as a result of spin-off $ 1,770 $ 0