Investments and Fair Value Measurements (Tables)

3 Months Ended

Apr. 04, 2021

Fair Value Disclosures [Abstract]

Schedule of Short-term Investments

Our short-term investments include available-for-sale debt securities that consisted of the following:

	April 4, 2021						January 3, 2021
In millions	Amortized Cost		Gross Unrealized Gains		Estimated Fair Value		Amortized Cost		Gross Unrealized Gains		Estimated Fair Value
Debt securities in government-sponsored entities	$	—	$	—	$	—	$	10	$	—	$	10
Corporate debt securities	—		—		—		445		—		445
U.S. Treasury securities	—		—		—		830		1		831
Total	$	—	$	—	$	—	$	1,285	$	1	$	1,286

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:

	April 4, 2021								January 3, 2021
In millions	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Money market funds (cash equivalents)	$	4,041	$	—	$	—	$	4,041	$	1,512	$	—	$	—	$	1,512
Debt securities in government-sponsored entities	—		—		—		—		—		10		—		10
Corporate debt securities	—		—		—		—		—		445		—		445
U.S. Treasury securities	—		—		—		—		831		—		—		831
Marketable equity securities	197		—		—		197		376		—		—		376
Contingent value right	—		—		45		45		—		—		35		35
Derivative assets related to terminated acquisition	—		—		—		—		—		—		26		26
Deferred compensation plan assets	—		55		—		55		—		55		—		55
Total assets measured at fair value	$	4,238	$	55	$	45	$	4,338	$	2,719	$	510	$	61	$	3,290
Liabilities:
Deferred compensation plan liability	$	—	$	53	$	—	$	53	$	—	$	51	$	—	$	51