PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jan. 01, 2021

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 9: PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are summarized below:

(In millions)	January 1, 2021		January 3, 2020
Land	$	90	$	90
Software capitalized for internal use	417		287
Buildings	1,097		1,073
Machinery and equipment	2,265		2,194
	3,869		3,644
Less accumulated depreciation and amortization	(1,767)		(1,527)
	$	2,102	$	2,117

Depreciation and amortization expense related to property, plant and equipment was $318 million, $157 million, $138 million and $143 million in fiscal 2020, the two quarters ended January 3, 2020, and fiscal 2019 and 2018, respectively.

As discussed in more detail in Note 11: Intangible Assets in these Notes, in conjunction with, and in advance of, the tests of goodwill related to our Commercial Aviation Solutions reporting unit, we recorded a $257 million non-cash impairment charge for long-lived assets, including a $103 million impairment charge for property, plant and equipment, which is included in the “Impairment of goodwill and other assets” line item in our Consolidated Statement of Income for fiscal 2020.