Quarterly report pursuant to Section 13 or 15(d)

MARKETABLE SECURITIES (Tables)

v3.21.2
MARKETABLE SECURITIES (Tables)
6 Months Ended
Jul. 04, 2021
Investments, Debt and Equity Securities [Abstract]  
Summary of marketable securities
A summary of marketable securities, all of which were classified as current, was as follows:
  July 4,
2021
December 31,
2020
In millions Cost
Gross unrealized gains/(losses)(1)
Estimated
fair value
Cost
Gross unrealized gains/(losses)(1)
Estimated
fair value
Equity securities            
Debt mutual funds $ 241  $ 3  $ 244  $ 267  $ $ 272 
Certificates of deposit 165    165  164  —  164 
Equity mutual funds 20  8  28  19  24 
Debt securities 1    1  — 
Total marketable securities $ 427  $ 11  $ 438  $ 451  $ 10  $ 461 
(1) Unrealized gains and losses for debt securities are recorded in other comprehensive income while unrealized gains and losses for equity securities are recorded in "Other income, net" in our Condensed Consolidated Statements of Net Income.
Schedule of proceeds from sales and maturities
The proceeds from sales and maturities of marketable securities were as follows:
Six months ended
In millions July 4,
2021
June 28,
2020
Proceeds from sales of marketable securities $ 273  $ 164 
Proceeds from maturities of marketable securities 108  90 
Investments in marketable securities - liquidations $ 381  $ 254