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INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 29, 2024

Fair Value Disclosures [Abstract]

Schedule of Marketable Securities

Gains and (losses) recognized in other expense, net on marketable equity securities were as follows:

In millions			2024						2023						2022
Net (losses) recognized during the period on marketable equity securities			$	(310)					$	(2)					$	(81)
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			$	(310)					$	—					$	(81)

Schedule of Other Commitments

Our commitments to the Funds are as follows:

Dollars in millions			Capital commitments						Callable through date						Remaining callable as of December 29, 2024(1)
Fund I			$	100					April 2026						$	3
Fund II			$	150					July 2029						$	46
Fund III			$	60					December 2034						$	47

_____________

(1)Fund I also had recallable distributions of approximately $10 million.

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:

			December 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)			$	931					$	—					$	—					$	931					$	774					$	—					$	—					$	774
Marketable equity securities			93						—						—						93						6						—						—						6
Other investments			—						—						17						17						—						—						—						—
Helix contingent value right			—						—						—						—						—						—						68						68
Deferred compensation plan assets			—						70						—						70						—						61						—						61
Total assets measured at fair value			$	1,024					$	70					$	17					$	1,111					$	780					$	61					$	68					$	909
Liabilities:
Contingent consideration liabilities			$	—					$	—					$	73					$	73					$	—					$	—					$	387					$	387
Deferred compensation plan liability			—						65						—						65						—						59						—						59
Total liabilities measured at fair value			$	—					$	65					$	73					$	138					$	—					$	59					$	387					$	446

Schedule of Changes in Estimated Fair Value of Acquisition Related Contingent Consideration Liabilities

Changes in the Helix contingent value right were as follows:

In millions
Balance as of January 2, 2022			$	65
Change in estimated fair value			(7)
Balance as of January 1, 2023			58
Change in estimated fair value			10
Balance as of December 31, 2023			68
Change in estimated fair value			15
Cash received to settle			(83)
Balance as of December 29, 2024			$	—

Changes in the estimated fair value of our contingent consideration liabilities were as follows:

In millions
Balance as of January 2, 2022			$	615
Acquisition			2
Change in estimated fair value			(205)
Balance as of January 1, 2023			412
Change in estimated fair value			(24)
Cash payments			(1)
Balance as of December 31, 2023			387
Acquisition			2
Change in estimated fair value			(315)
Cash payments			(1)
Balance as of December 29, 2024			$	73

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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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-Topic 820
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