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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Oct. 03, 2021
Sep. 27, 2020
Cash flows from operating activities:    
Net income $ 650.0 $ 399.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 128.0 114.0
Amortization of intangible assets 34.0 23.0
Share-based compensation expense 656.0 116.0
Accretion of debt discount on convertible senior notes 26.0 29.0
Deferred income taxes (81.0) 50.0
Gain on previously held investment in GRAIL (900.0) 0.0
Losses (gains) on equity securities, net 3.0 (128.0)
Gain on Helix contingent value right (30.0) (5.0)
(Gain) loss on derivative assets related to terminated acquisition (26.0) 116.0
Change in fair value of contingent consideration (7.0) 0.0
Other (23.0) (9.0)
Changes in operating assets and liabilities:    
Accounts receivable (125.0) 108.0
Inventory (27.0) (56.0)
Prepaid expenses and other current assets (34.0) (15.0)
Operating lease right-of-use assets and liabilities, net (9.0) (9.0)
Other assets (35.0) (25.0)
Accounts payable (28.0) (2.0)
Accrued liabilities 81.0 (68.0)
Other long-term liabilities 10.0 36.0
Net cash provided by operating activities 263.0 674.0
Cash flows from investing activities:    
Maturities of available-for-sale securities 331.0 327.0
Purchases of available-for-sale securities (77.0) (757.0)
Sales of available-for-sale securities 1,031.0 379.0
Cash received (paid for) derivative assets related to terminated acquisition 52.0 (132.0)
Purchases of property and equipment (138.0) (127.0)
Purchases of strategic investments (44.0) (112.0)
Sales of strategic investments 220.0 0.0
Net cash paid for acquisitions (2,444.0) (98.0)
Net cash used in investing activities (1,069.0) (520.0)
Cash flows from financing activities:    
Net proceeds from issuance of debt 988.0 0.0
Payments on convertible senior notes (517.0) 0.0
Common stock repurchases 0.0 (455.0)
Taxes paid related to net share settlement of equity awards (452.0) (41.0)
Proceeds from issuance of common stock 59.0 61.0
Net cash provided by (used in) financing activities 78.0 (435.0)
Effect of exchange rate changes on cash and cash equivalents (2.0) 0.0
Net decrease in cash and cash equivalents (730.0) (281.0)
Cash and cash equivalents at beginning of period 1,810.0 2,042.0
Cash and cash equivalents at end of period $ 1,080.0 $ 1,761.0