Restructuring (Tables)

6 Months Ended

Jul. 03, 2022

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve

The following table summarizes the severance related reserves and the associated restructuring expenses through the fiscal second quarter of 2022:

(Dollars in Millions)	Severance		Asset Write-offs/Sales		Other(2)	Total
Reserve balance, January 2, 2022	$	112	—		25	137
Current year activity:
Charges	—		(11)		211	200
Cash settlements	(23)		35	(3)	(214)	(202)
Settled non cash	—		(24)		—	(24)
Reserve balance, July 3, 2022(1)	$	89	—		22	111

(1) Cash outlays for severance are expected to be substantially paid out by the completion of the program in December 2022.

(2) Other includes project expense such as salaries for employees supporting these initiatives and consulting expenses.

(3) Represents gain on sale of assets