Debt (Tables)

3 Months Ended

Apr. 03, 2022

Debt Disclosure [Abstract]

Schedule of Debt Obligations

Summary of Term Debt Obligations

In millions	April 3, 2022		January 2, 2022
Principal amount of 2031 Term Notes outstanding	$	500	$	500
Principal amount of 2023 Term Notes outstanding	500		500
Unamortized discounts and debt issuance costs	(6)		(7)
Net carrying amount of term notes	994		993
Less: current portion	(499)		—
Term notes, non-current	$	495	$	993
Fair value of term notes outstanding (Level 2)	$	945	$	996

0% Convertible Senior Notes due 2023 (2023 Convertible Notes)

In millions	April 3, 2022		January 2, 2022
Principal amount outstanding	$	750	$	750
Unamortized debt discount and issuance costs	(4)		(48)
Net carrying amount of liability component, non-current	$	746	$	702
Carrying value of equity component, net of debt issuance costs	$	—	$	126
Fair value of convertible senior notes outstanding (Level 2)	$	836	$	854