ACCRUED WARRANTIES

12 Months Ended

Dec. 31, 2021

Product Warranties Disclosures [Abstract]

ACCRUED WARRANTIES

NOTE 11: 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 2021 and 2020 were as follows:

(In millions)	December 31, 2021		January 1, 2021
Balance at the beginning of the period	$	133	$	112
Adjustments to previously estimated fair value of warranty liabilities assumed	—		19
Decrease from divestitures	(5)		(9)
Accruals for product warranties issued during the period	46		72
Settlements made during the period	(56)		(61)
Other, including foreign currency translation adjustments	(1)		—
Balance at the end of the period	$	117	$	133