Income Taxes

9 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Note 7 : Income Taxes

	Three Months Ended						Nine Months Ended
(In Millions)	Sep 30, 2023			Oct 1, 2022			Sep 30, 2023			Oct 1, 2022
Income (loss) before taxes	$	(52)		$	(188)		$	(2,026)		$	8,564
Provision for (benefit from) taxes	$	(362)		$	(1,207)		$	(1,041)		$	(114)
Effective tax rate	696.2		%	642.0		%	51.4		%	(1.3)		%

Our provision for, or benefit from, income taxes for an interim period has historically been determined using an estimated annual effective tax rate, adjusted for discrete items, if any. Under certain circumstances where we are unable to make a reliable estimate of the annual effective tax rate, we use the actual effective tax rate for the year-to-date period. During the first nine months of 2023, we used this approach due to the variability of the rate as a result of fluctuations in forecasted income and the effects of being taxed in multiple tax jurisdictions.