XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.25.3

INVESTMENTS AND FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
--- | ---
Sep. 28, 2025
Fair Value Disclosures [Abstract] |
Schedule of Marketable Securities | Gains (losses) recognized in other income (expense), net on marketable equity securities were as follows:
In millions | Q3 2025 |  | Q3 2024 |  | YTD 2025 |  | YTD 2024
Net gains (losses) recognized during the period (1) | $ | 7 |  |  | $ | (4) |  |  | $ | 135 |  |  | $ | (333) |
Less: Net gains (losses) recognized during the period on securities sold during the period | — |  |  | — |  |  | — |  |  | — |
Net unrealized gains (losses) recognized during the period on securities still held at the reporting date | $ | 7 |  |  | $ | (4) |  |  | $ | 135 |  |  | $ | (333) |
_____________ (1)Subsequent to the Spin-Off of GRAIL, we recognized a loss of $332 million in YTD 2024 on our retained investment.
Schedule of Other Commitments | Our commitments to the Funds are as follows:
Dollars in millions | Capital commitments |  | Callable through date |  | Remaining callable as of September 28, 2025 (1)
Fund I | $ | 100 |  |  | April 2026 |  | $ | 3 |
Fund II | $ | 150 |  |  | July 2029 |  | $ | 39 |
Fund III | $ | 60 |  |  | December 2034 |  | $ | 27 |
_____________ (1)Fund I also had approximately $10 million of distributions that are recallable through December 31, 2025.
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 28, 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) | $ | 851 |  |  | $ | — |  |  | $ | — |  |  | $ | 851 |  |  | $ | 931 |  |  | $ | — |  |  | $ | — |  |  | $ | 931 |
Marketable equity securities | 228 |  |  | — |  |  | — |  |  | 228 |  |  | 93 |  |  | — |  |  | — |  |  | 93 |
Other investments | — |  |  | — |  |  | 32 |  |  | 32 |  |  | — |  |  | — |  |  | 17 |  |  | 17 |
Deferred compensation plan assets | — |  |  | 78 |  |  | — |  |  | 78 |  |  | — |  |  | 70 |  |  | — |  |  | 70 |
Total assets measured at fair value | $ | 1,079 |  |  | $ | 78 |  |  | $ | 32 |  |  | $ | 1,189 |  |  | $ | 1,024 |  |  | $ | 70 |  |  | $ | 17 |  |  | $ | 1,111 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration liabilities | $ | — |  |  | $ | — |  |  | $ | 43 |  |  | $ | 43 |  |  | $ | — |  |  | $ | — |  |  | $ | 73 |  |  | $ | 73 |
Deferred compensation plan liabilities | — |  |  | 70 |  |  | — |  |  | 70 |  |  | — |  |  | 65 |  |  | — |  |  | 65 |
Total liabilities measured at fair value | $ | — |  |  | $ | 70 |  |  | $ | 43 |  |  | $ | 113 |  |  | $ | — |  |  | $ | 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 YTD 2025 were as follows:
In millions |
Balance as of December 29, 2024 | $ | 73 |
Change in estimated fair value | (29) |
Cash payments | (1) |
Balance as of September 28, 2025 | $ | 43 |

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://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
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 information about obligations resulting from other commitments. + References No definition available. + Details
Name: | us-gaap_OtherCommitmentsTableTextBlock
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/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
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration