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Equity (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of Stock Repurchase Activities
The following table provides a summary of the Company’s stock repurchase activities during the years ended December 31, 2022, January 1, 2022 and January 2, 2021:
Years Ended
(in millions, except per share amounts)December 31,
2022
January 1,
2022
January 2,
2021
Shares repurchased3.0 (1)0.5 (1)0.5 (1)
Average cost per share$133.82 $235.88 $242.40 
Value of shares repurchased$401.5 $129.0 $110.5 
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(1)     Excludes shares withheld from the shares of its common stock actually issued in connection with the vesting of PSU or RSU awards to satisfy certain U.S. federal and state tax withholding obligations.