Tax Matters (Tables)

3 Months Ended

Apr. 03, 2022

Income Tax Disclosure [Abstract]

Schedule of Tax Provision/(Benefit) on Other Comprehensive Income (Loss)

Components of Tax provision/(benefit) on other comprehensive income/(loss) include:
	Three Months Ended
(MILLIONS)	April 3, 2022		April 4, 2021
Foreign currency translation adjustments, net(a)	$	(72)	$	21
Unrealized holding gains/(losses) on derivative financial instruments, net	32		59
Reclassification adjustments for (gains)/losses included in net income	(22)		34
	10		93
Unrealized holding gains/(losses) on available-for-sale securities, net	(17)		10
Reclassification adjustments for (gains)/losses included in net income	29		(30)
	12		(20)
Reclassification adjustments related to amortization of prior service costs and other, net	(9)		(10)
Reclassification adjustments related to curtailments of prior service costs and other, net	(2)		—
Other	—		—
	(11)		(10)
Tax provision/(benefit) on other comprehensive income/(loss)	$	(60)	$	84

(a)Taxes are not provided for foreign currency translation adjustments relating to investments in international subsidiaries that we intend to hold indefinitely.