Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Apr. 01, 2022
Accounting Policies [Abstract]  
Schedule of Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
The following tables provide a summary of cash, cash equivalents, restricted cash and restricted cash equivalents that constitute the total amounts shown in our consolidated statements of cash flows (in millions):
April 1,
2022		 December 31,
2021
Cash and cash equivalents $ 7,681  $ 9,684 
Restricted cash and restricted cash equivalents included in other noncurrent assets1,2
311  341 
Cash, cash equivalents, restricted cash and restricted cash equivalents $ 7,992  $ 10,025 
1Amounts represent restricted cash and restricted cash equivalents in our solvency capital portfolio set aside primarily to cover pension obligations in certain of our European and Canadian pension plans. Refer to Note 4.
2Restricted cash and restricted cash equivalents include amounts related to assets held for sale. Refer to Note 2.
April 2,
2021		 December 31,
2020
Cash and cash equivalents $ 8,484  $ 6,795 
Restricted cash and restricted cash equivalents included in other noncurrent assets1
327  315 
Cash, cash equivalents, restricted cash and restricted cash equivalents $ 8,811  $ 7,110 
1Amounts represent restricted cash and restricted cash equivalents in our solvency capital portfolio set aside primarily to cover pension obligations in certain of our European and Canadian pension plans. Refer to Note 4