Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.4.0.3
Fair Value (Tables)
3 Months Ended
Apr. 02, 2016
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Assets and liabilities measured and recorded at fair value on a recurring basis at the end of each period were as follows: 
 
 
April 2, 2016
 
December 26, 2015
 
 
Fair Value Measured and Recorded at Reporting Date Using
 
 
 
Fair Value Measured and Recorded at Reporting Date Using
 
 
(In Millions)
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt
 
$
—

 
$
288

 
$
—

 
$
288

 
$
—

 
$
1,829

 
$
—

 
$
1,829

Financial institution instruments
 
440

 
1,017

 
—

 
1,457

 
8,238

 
1,277

 
—

 
9,515

Government debt
 
—

 
23

 
—

 
23

 
—

 
130

 
—

 
130

Reverse repurchase agreements
 
—

 
418

 
—

 
418

 
—

 
2,368

 
—

 
2,368

Short-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt
 
292

 
909

 
21

 
1,222

 
336

 
764

 
20

 
1,120

Financial institution instruments
 
141

 
1,332

 
—

 
1,473

 
145

 
927

 
—

 
1,072

Government debt
 
74

 
158

 
—

 
232

 
65

 
425

 
—

 
490

Trading assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset-backed securities
 
—

 
226

 
29

 
255

 
—

 
275

 
94

 
369

Corporate debt
 
2,117

 
688

 
—

 
2,805

 
1,744

 
564

 
—

 
2,308

Financial institution instruments
 
971

 
719

 
—

 
1,690

 
930

 
701

 
—

 
1,631

Government debt
 
1,979

 
2,374

 
—

 
4,353

 
1,107

 
1,908

 
—

 
3,015

Other current assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
 
—

 
406

 
1

 
407

 
32

 
412

 
1

 
445

Loans receivable
 
—

 
268

 
—

 
268

 
—

 
137

 
—

 
137

Marketable equity securities
 
6,318

 
59

 
—

 
6,377

 
5,891

 
69

 
—

 
5,960

Other long-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset-backed securities
 
—

 
—

 
—

 
—

 
—

 
—

 
4

 
4

Corporate debt
 
436

 
1,183

 
—

 
1,619

 
407

 
801

 
—

 
1,208

Financial institution instruments
 
424

 
842

 
—

 
1,266

 
171

 
381

 
—

 
552

Government debt
 
115

 
97

 
—

 
212

 
79

 
48

 
—

 
127

Other long-term assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
 
—

 
153

 
56

 
209

 
—

 
30

 
10

 
40

Loans receivable
 
—

 
455

 
—

 
455

 
—

 
342

 
—

 
342

Total assets measured and recorded at fair value
 
$
13,307

 
$
11,615

 
$
107

 
$
25,029

 
$
19,145

 
$
13,388

 
$
129

 
$
32,662

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other accrued liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities
 
—

 
324

 
—

 
324

 
2

 
210

 
—

 
212

Other long-term liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities
 
—

 
15

 
—

 
15

 
—

 
33

 
—

 
33

Total liabilities measured and recorded at fair value
 
$
—

 
$
339

 
$
—

 
$
339

 
$
2

 
$
243

 
$
—

 
$
245

Financial Instruments Not Recorded At Fair Value On Recurring Basis [Table Text Block]
The carrying amounts and fair values of financial instruments not recorded at fair value on a recurring basis at the end of each period were as follows:
 
 
April 2, 2016
(In Millions)
 
Carrying
Amount
 
Fair Value Measured Using
 
Fair Value
Level 1
 
Level 2
 
Level 3
 
Grants receivable
 
$
591

 
$
—

 
$
594

 
$
—

 
$
594

Loans receivable
 
$
315

 
$
—

 
$
315

 
$
—

 
$
315

Non-marketable cost method investments
 
$
2,933

 
$
—

 
$
—

 
$
3,704

 
$
3,704

Reverse repurchase agreements
 
$
350

 
$
—

 
$
350

 
$
—

 
$
350

Short-term debt
 
$
3,519

 
$
1,511

 
$
2,583

 
$
—

 
$
4,094

Long-term debt
 
$
21,775

 
$
15,084

 
$
8,424

 
$
—

 
$
23,508

 
 
December 26, 2015
(In Millions)
 
Carrying
Amount
 
Fair Value Measured Using
 
Fair Value
Level 1
 
Level 2
 
Level 3
 
Grants receivable
 
$
593

 
$
—

 
$
600

 
$
—

 
$
600

Loans receivable
 
$
315

 
$
—

 
$
315

 
$
—

 
$
315

Non-marketable cost method investments
 
$
2,933

 
$
—

 
$
—

 
$
3,904

 
$
3,904

Reverse repurchase agreements
 
$
1,000

 
$
—

 
$
1,000

 
$
—

 
$
1,000

Short-term debt
 
$
2,593

 
$
1,513

 
$
1,563

 
$
—

 
$
3,076

Long-term debt
 
$
20,036

 
$
14,058

 
$
6,835

 
$
—

 
$
20,893

NVIDIA Corporation cross-license agreement liability
 
$
199

 
$
—

 
$
200

 
$
—

 
$
200