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Financial Instruments - Investments - Unrealized Gains and Losses Related to Equity Securities (Details) - USD ($)
$ in Millions
3 Months Ended
Apr. 03, 2022
Apr. 04, 2021
Fair Value Disclosures [Abstract]    
Net (gains)/losses recognized during the period on equity securities [1],[2] $ 699 $ (401)
Less: Net (gains)/losses recognized during the period on equity securities sold during the period (11) (28)
Net unrealized (gains)/losses during the reporting period on equity securities still held at the reporting date [3] $ 710 $ (372)
[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] Included in net unrealized (gains)/losses are observable price changes on equity securities without readily determinable fair values. As of April 3, 2022, there were cumulative impairments and downward adjustments of $110 million and upward adjustments of $167 million. Impairments, downward and upward adjustments were not significant in the first quarters of 2022 and 2021.