Acquisitions (Tables)

6 Months Ended

Jul. 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	$	2,412
Debt settled	307
Cash acquired	(20)
	$	2,699
Net assets acquired
Definite-lived intangible assets:
Customer relationships	$	868
Product technology	172
Tradenames	42
Goodwill	1,755
Net tangible assets	141
Deferred tax assets (liabilities)	(279)
	$	2,699