Investments and Fair Value Measurements (Tables)

12 Months Ended

Jan. 03, 2021

Fair Value Disclosures [Abstract]

Schedule of Short-term Investments

Our short-term investments are primarily available-for-sale debt securities that consisted of the following:

	January 3, 2021						December 29, 2019
In millions	Amortized Cost		Gross Unrealized Gains		Estimated Fair Value		Amortized Cost		Gross Unrealized Gains		Estimated Fair Value
Debt securities in government-sponsored entities	$	10	$	—	$	10	$	18	$	—	$	18
Corporate debt securities	445		—		445		627		3		630
U.S. Treasury securities	830		1		831		616		2		618
Total	$	1,285	$	1	$	1,286	$	1,261	$	5	$	1,266

Schedule of Contractual Maturities of Available-for-sale Debt Securities

Contractual maturities of available-for-sale debt securities, as of January 3, 2021, were as follows:

In millions	Estimated Fair Value
Due within one year	$	1,286
After one but within five years	—
Total	$	1,286

Schedule of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents the hierarchy for assets and liabilities measured at fair value on a recurring basis:

	January 3, 2021								December 29, 2019
In millions	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Money market funds (cash equivalents)	$	1,512	$	—	$	—	$	1,512	$	1,732	$	—	$	—	$	1,732
Debt securities in government-sponsored entities	—		10		—		10		—		18		—		18
Corporate debt securities	—		445		—		445		—		630		—		630
U.S. Treasury securities	831		—		—		831		618		—		—		618
Marketable equity securities	376		—		—		376		106		—		—		106
Contingent value right	—		—		35		35		—		—		29		29
Derivative assets related to terminated acquisition	—		—		26		26		—		—		10		10
Deferred compensation plan assets	—		55		—		55		—		48		—		48
Total assets measured at fair value	$	2,719	$	510	$	61	$	3,290	$	2,456	$	696	$	39	$	3,191
Liabilities:
Deferred compensation plan liability	$	—	$	51	$	—	$	51	$	—	$	46	$	—	$	46