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Investments
3 Months Ended
Apr. 02, 2022
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
The carrying value of the Company’s venture investments was $106 million and $101 million as of April 2, 2022 and December 31, 2021, respectively, which are included in Other long-term assets on the Consolidated Balance Sheets.

The Company paid $5 million and $13 million for the purchases of long-term investments during the three months ended April 2, 2022 and April 3, 2021, respectively.
Net gains and losses related to the Company’s investments are included within Other income, net on the Consolidated Statements of Operations. The Company recognized net gains of $0 million and $1 million during the three months ended April 2, 2022 and April 3, 2021, respectively.