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INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Marketable Securities

Gains recognized in other income, net on marketable equity securities were as follows:

In millions			Q1 2025						Q1 2024
Net gains recognized during the period			$	31					$	1
Less: Net gains recognized during the period on securities sold during the period			—						—
Net unrealized gains recognized during the period on securities still held at the reporting date			$	31					$	1

Schedule of Other Commitments

Our commitments to the Funds are as follows:

Dollars in millions			Capital commitments						Callable through date						Remaining callable as of March 30, 2025 (1)
Fund I			$	100					April 2026						$	3
Fund II			$	150					July 2029						$	42
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:

			March 30, 2025																								December 29, 2024
In millions			Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3						Total
Assets:
Money market funds (cash equivalents)			$	927					$	—					$	—					$	927					$	931					$	—					$	—					$	931
Marketable equity securities			124						—						—						124						93						—						—						93
Other investments			—						—						17						17						—						—						17						17
Deferred compensation plan assets			—						70						—						70						—						70						—						70
Total assets measured at fair value			$	1,051					$	70					$	17					$	1,138					$	1,024					$	70					$	17					$	1,111
Liabilities:
Contingent consideration liabilities			$	—					$	—					$	62					$	62					$	—					$	—					$	73					$	73
Deferred compensation plan liability			—						66						—						66						—						65						—						65
Total liabilities measured at fair value			$	—					$	66					$	62					$	128					$	—					$	65					$	73					$	138

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

Changes in the estimated fair value of our contingent consideration liabilities during Q1 2025 were as follows:

In millions
Balance as of December 29, 2024			$	73
Change in estimated fair value			(11)
Balance as of March 30, 2025			$	62

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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.

+ 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
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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

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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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-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-Paragraph 2
-Subparagraph (a)
-Publisher FASB
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