Acquisitions (Tables)

3 Months Ended

Apr. 01, 2023

Business Combination and Asset Acquisition [Abstract]

Components of Purchase Price and Net Assets Acquired

The components of the purchase price and net assets acquired are as follows:

(In millions)	The Binding Site
Purchase price
Cash paid	$	2,416
Debt settled	307
Cash acquired	(19)
	$	2,704
Net assets acquired
Definite-lived intangible assets:
Customer relationships	$	868
Product technology	173
Tradenames	42
Goodwill	1,758
Net tangible assets	142
Deferred tax assets (liabilities)	(279)
	$	2,704