Quarterly report pursuant to Section 13 or 15(d)

Income Taxes (Tables)

v3.23.2
Income Taxes (Tables)
6 Months Ended
Jul. 01, 2023
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Provision for Income Tax and Effective Tax Rate
Three Months Ended Six Months Ended
(In Millions)
Jul 1, 2023 Jul 2, 2022 Jul 1, 2023 Jul 2, 2022
Income (loss) before taxes $ (816) $ (909) $ (1,974) $ 8,752 
Provision for (benefit from) taxes $ (2,289) $ (455) $ (679) $ 1,093 
Effective tax rate
280.5  % 50.1  % 34.4  % 12.5  %