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Combined Balance Sheets - USD ($)
$ in Millions
Jan. 01, 2023
Jan. 02, 2022
Current assets    
Cash and cash equivalents (Note 1) $ 1,231 $ 740
Trade receivables, less allowances for credit losses 2,122 2,074
Inventories (Notes 1 and 2) 2,226 1,702
Prepaid expenses and other receivables 175 257
Other current assets 123 154
Total current assets 5,877 4,927
Property, plant and equipment, net (Notes 1 and 3) 1,820 1,827
Intangible assets, net (Notes 1 and 4) 9,853 10,701
Goodwill (Notes 1 and 4) 9,185 9,810
Deferred taxes on income (Notes 1 and 11) 147 189
Other assets 434 475
Total assets 27,316 27,929
Current liabilities    
Accounts payable 1,829 1,827
Accrued liabilities 906 1,024
Accrued rebates, returns and promotions (Note 1) 862 834
Accrued taxes on income 329 357
Total current liabilities 3,926 4,042
Employee related obligations 214 302
Deferred taxes on income 2,428 2,430
Other liabilities (Note 17) 727 756
Total liabilities 7,295 7,530
Commitments and contingencies (Note 13)
Equity    
Net investment from Parent (Note 1 and 9) 25,474 24,872
Accumulated other comprehensive loss (Note 7) (5,453) (4,473)
Total equity 20,021 20,399
Total Liabilities and Equity $ 27,316 $ 27,929