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INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
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Sep. 29, 2024
Fair Value Disclosures [Abstract] |
Schedule of Marketable Securities | Gains and (losses) recognized in other income (expense), net on marketable equity securities were as follows:
In millions | Q3 2024 |  | Q3 2023 |  | YTD 2024 |  | YTD 2023
Net losses recognized during the period on marketable equity securities | $ | (4) |  |  | $ | — |  |  | $ | (333) |  |  | $ | (2) |
Less: Net losses recognized during the period on marketable equity securities sold during the period | — |  |  | — |  |  | — |  |  | (2) |
Net unrealized losses recognized during the period on marketable equity securities still held at the reporting date | $ | (4) |  |  | $ | — |  |  | $ | (333) |  |  | $ | — |
Schedule of Other Commitments | Our commitments to the Funds are as follows:
$ in millions | Capital commitments |  | Callable through date |  | Remaining callable as of September 29, 2024(1)
Fund I | $ | 100 |  |  | April 2026 |  | $ | 3 |
Fund II | $ | 150 |  |  | July 2029 |  | $ | 49 |
Fund III | $ | 60 |  |  | December 2034 |  | $ | 47 |
_____________ (1)Fund I also had recallable distributions of approximately $10 million.
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:
| September 29, 2024 |  | December 31, 2023
In millions | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds (cash equivalents) | $ | 674 |  |  | $ | — |  |  | $ | — |  |  | $ | 674 |  |  | $ | 774 |  |  | $ | — |  |  | $ | — |  |  | $ | 774 |
Marketable equity securities | 70 |  |  | — |  |  | — |  |  | 70 |  |  | 6 |  |  | — |  |  | — |  |  | 6 |
Helix contingent value right | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 68 |  |  | 68 |
Deferred compensation plan assets | — |  |  | 70 |  |  | — |  |  | 70 |  |  | — |  |  | 61 |  |  | — |  |  | 61 |
Total assets measured at fair value | $ | 744 |  |  | $ | 70 |  |  | $ | — |  |  | $ | 814 |  |  | $ | 780 |  |  | $ | 61 |  |  | $ | 68 |  |  | $ | 909 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration liabilities | $ | — |  |  | $ | — |  |  | $ | 84 |  |  | $ | 84 |  |  | $ | — |  |  | $ | — |  |  | $ | 387 |  |  | $ | 387 |
Deferred compensation plan liability | — |  |  | 64 |  |  | — |  |  | 64 |  |  | — |  |  | 59 |  |  | — |  |  | 59 |
Total liabilities measured at fair value | $ | — |  |  | $ | 64 |  |  | $ | 84 |  |  | $ | 148 |  |  | $ | — |  |  | $ | 59 |  |  | $ | 387 |  |  | $ | 446 |
Schedule of Changes in Estimated Fair Value of Acquisition Related Contingent Consideration Liabilities | Changes in the Helix contingent value right during YTD 2024 were as follows:
In millions |
Balance as of December 31, 2023 (included in other assets) | $ | 68 |
Change in estimated fair value | 15 |
Cash received to settle | (83) |
Balance as of September 29, 2024 | $ | — |
Changes in the estimated fair value of our contingent consideration liabilities during YTD 2024 were as follows:
In millions |
Balance as of December 31, 2023 | $ | 387 |
Acquisition | 2 |
Change in estimated fair value | (304) |
Cash payments | (1) |
Balance as of September 29, 2024 | $ | 84 |

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- 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://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- 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/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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