v3.22.2.2
Other (Income)/Deductions - Net - Schedule of Impaired Intangible Assets (Details) - IPR&D [Member]
$ in Millions
 9 Months Ended
Oct. 02, 2022
USD ($)
 [2]
Finite-Lived Intangible Assets [Line Items]  
Intangible assets-IPR&D $ 0 [1]
Impairment 200
Level 1 [Member]  
Finite-Lived Intangible Assets [Line Items]  
Intangible assets-IPR&D 0 [1]
Level 2 [Member]  
Finite-Lived Intangible Assets [Line Items]  
Intangible assets-IPR&D 0 [1]
Level 3 [Member]  
Finite-Lived Intangible Assets [Line Items]  
Intangible assets-IPR&D $ 0 [1]
[1] The fair value amount is presented as of the date of impairment, as this asset is not measured at fair value on a recurring basis. See also Note 1F in our 2021 Form 10-K.
[2] Reflects an intangible asset written down to fair value in 2022. Fair value was determined using the income approach, specifically the multi-period excess earnings method, also known as the discounted cash flow method. We started with a forecast of all the expected net cash flows for the asset and then applied an asset-specific discount rate to arrive at a net present value amount. Some of the more significant estimates and assumptions inherent in this approach include: the amount and timing of the projected net cash flows, which includes the expected impact of competitive, legal and/or regulatory forces on the product; the discount rate, which seeks to reflect the various risks inherent in the projected cash flows; and the tax rate, which seeks to incorporate the geographic diversity of the projected cash flows.