Cash, Cash Equivalents and Current Marketable Securities (Tables)

12 Months Ended

Jan. 03, 2021

Cash and Cash Equivalents [Abstract]

At the end of the fiscal year 2020 and 2019, cash, cash equivalents and current marketable securities were comprised of:


(Dollars in Millions)	2020
	Carrying Amount		Unrecognized Gain	Estimated Fair Value	Cash & Cash Equivalents		Current Marketable Securities
Cash	$	2,863	—	2,863	2,863		—

Non-U.S. Sovereign Securities(1)	690		—	690	—		690
U.S. Reverse repurchase agreements	1,937		—	1,937	1,937		—

Corporate debt securities(1)	2,674		—	2,674	1,451		1,223
Money market funds	2,102		—	2,102	2,102		—
Time deposits(1)	877		—	877	877		—
Subtotal	$	11,143	—	11,143	9,230		1,913

U.S. Gov't Securities	$	13,777	1	13,778	4,731		9,047
Other Sovereign Securities	14		—	14	—		14
Corporate debt securities	250		—	250	24		226

Subtotal available for sale(2)	$	14,041	1	14,042	4,755		9,287

Total cash, cash equivalents and current marketable securities					$	13,985	11,200


(Dollars in Millions)	2019
	Carrying Amount		Cash & Cash Equivalents		Current Marketable Securities
Cash	$	2,637	2,637		—

Non-U.S. Sovereign Securities(1)	439		149		290
U.S. Reverse repurchase agreements	6,375		6,375		—
Other Reverse repurchase agreements	375		375		—
Corporate debt securities(1)	1,323		889		434
Money market funds	2,864		2,864		—
Time deposits(1)	906		906		—
Subtotal	$	14,919	14,195		724

Gov't Securities	$	4,102	3,095		1,007

Corporate debt securities	266		15		251

Subtotal available for sale(2)	$	4,368	3,110		1,258

Total cash, cash equivalents and current marketable securities			$	17,305	1,982

(1) Held to maturity investments are reported at amortized cost and realized gains or losses are reported in earnings.

(2) Available for sale debt securities are reported at fair value with unrealized gains and losses reported net of taxes in other comprehensive income.

Contractual Maturities of Available for Sale Securities

The contractual maturities of the available for sale debt securities at January 3, 2021 are as follows:


(Dollars in Millions)	Cost Basis		Fair Value
Due within one year	$	14,026	14,027
Due after one year through five years	15		15
Due after five years through ten years	—		—
Total debt securities	$	14,041	14,042