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Other (Income)/Deductions - Net - Schedule of Other (Income)/Deductions - Net (Detail) - USD ($)
$ in Millions
3 Months Ended
Apr. 03, 2022
Apr. 04, 2021
Other Income and Expenses [Abstract]    
Interest income $ (14) $ 0
Interest expense 322 336
Net interest expense 308 336
Royalty-related income (173) (176)
Net (gains)/losses on asset disposals (1) (39)
Net (gains)/losses recognized during the period on equity securities [1],[2] 699 (401)
Income from collaborations, out-licensing arrangements and sales of compound/product rights [3] (9) (231)
Net periodic benefit costs/(credits) other than service costs (283) (266)
Certain legal matters, net 79 51
Consumer Healthcare JV equity method (income)/loss [4] (184) (62)
Other, net (88) (216)
Other (income)/deductions––net $ 350 $ (1,004)
[1] Reported in Other (income)/deductions––net. See Note 4.
[2] The losses in the first quarter of 2022 include, among other things, unrealized losses of $473 million related to our investment in BioNTech. The gains in the first quarter of 2021 included, among other things, unrealized gains of $409 million related to investments in Allogene Therapeutics, Inc. and BioNTech.
[3] The first quarter of 2021 included, among other things, $188 million of net collaboration income from BioNTech related to Comirnaty.
[4] See Note 2C