ACCRUED WARRENTIES

12 Months Ended

Jan. 01, 2021

Product Warranties Disclosures [Abstract]

ACCRUED WARRANTIES

NOTE 12: ACCRUED WARRANTIES

Our liability for standard product warranties is included as a component of the “Other accrued items” and “Other long-term liabilities” line items in our Consolidated Balance Sheet. Changes in our liability for standard product warranties in fiscal 2020 and the two quarters ended January 3, 2020 were as follows:

(In millions)	January 1, 2021		January 3, 2020
Balance at the beginning of the period	$	112	$	25
Acquisitions during the period	—		83
Adjustments to previously estimated fair value of warranty liabilities assumed	19		—
Decrease from divestitures	(9)		—
Accruals for product warranties issued during the period	72		23
Settlements made during the period	(61)		(23)
Other, including foreign currency translation adjustments	—		4
Balance at the end of the period	$	133	$	112