MARKETABLE SECURITIES (Tables)

6 Months Ended

Jul. 04, 2021

Investments, Debt and Equity Securities [Abstract]

Summary of marketable securities

A summary of marketable securities, all of which were classified as current, was as follows:

	July 4, 2021						December 31, 2020
In millions	Cost		Gross unrealized gains/(losses)(1)		Estimated fair value		Cost		Gross unrealized gains/(losses)(1)		Estimated fair value
Equity securities
Debt mutual funds	$	241	$	3	$	244	$	267	$	5	$	272
Certificates of deposit	165		—		165		164		—		164
Equity mutual funds	20		8		28		19		5		24
Debt securities	1		—		1		1		—		1
Total marketable securities	$	427	$	11	$	438	$	451	$	10	$	461
(1) Unrealized gains and losses for debt securities are recorded in other comprehensive income while unrealized gains and losses for equity securities are recorded in "Other income, net" in our Condensed Consolidated Statements of Net Income.

Schedule of proceeds from sales and maturities

The proceeds from sales and maturities of marketable securities were as follows:

	Six months ended
In millions	July 4, 2021		June 28, 2020
Proceeds from sales of marketable securities	$	273	$	164
Proceeds from maturities of marketable securities	108		90
Investments in marketable securities - liquidations	$	381	$	254