Business Acquisitions (Tables)

6 Months Ended

Jul. 02, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Preliminary and Final Purchase Price Allocation to Assets Acquired and Liabilities Assumed

The preliminary purchase price allocation to assets acquired and liabilities assumed was as follows (in millions):

Identifiable intangible assets	$	257
Inventory	33
Other assets acquired	13
Deferred tax liabilities	(68)
Other liabilities assumed	(21)
Net assets acquired	$	214
Goodwill on acquisition	664
Total purchase price	$	878

Schedule of Preliminary Purchase Price Allocation to Identifiable Intangible Assets Acquired

The preliminary purchase price allocation to identifiable intangible assets acquired was as follows:

	Fair Value (in millions)		Useful Life (in years)
Customer and other relationships	$	196	11
Technology and patents	59		7
Trade names	2		2
Total identifiable intangible assets	$	257