Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.7.0.1
Fair Value (Tables)
6 Months Ended
Jul. 01, 2017
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
 
 
July 1, 2017
 
December 31, 2016
 
 
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
 
$

 
$
2,645

 
$

 
$
2,645

 
$

 
$
498

 
$

 
$
498

Financial institution instruments 1
 
3,020

 
2,139

 

 
5,159

 
1,920

 
811

 

 
2,731

Government debt 2
 

 
466

 

 
466

 

 
332

 

 
332

Reverse repurchase agreements
 

 
2,335

 

 
2,335

 

 
768

 

 
768

Short-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt
 

 
1,654

 
6

 
1,660

 

 
1,332

 
6

 
1,338

Financial institution instruments 1
 

 
1,221

 

 
1,221

 

 
1,603

 

 
1,603

Government debt 2
 

 
277

 

 
277

 

 
284

 

 
284

Trading assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset-backed securities
 

 
22

 

 
22

 

 
87

 

 
87

Corporate debt
 

 
2,461

 

 
2,461

 

 
2,847

 

 
2,847

Financial institution instruments 1
 
92

 
1,544

 

 
1,636

 
36

 
1,608

 

 
1,644

Government debt 2
 
31

 
6,934

 

 
6,965

 
32

 
3,704

 

 
3,736

Other current assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
 

 
326

 

 
326

 

 
382

 

 
382

Loans receivable
 

 
86

 

 
86

 

 
326

 

 
326

Marketable equity securities
 
5,472

 
432

 

 
5,904

 
6,180

 

 

 
6,180

Other long-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt
 

 
1,811

 
5

 
1,816

 

 
1,995

 
6

 
2,001

Financial institution instruments 1
 

 
1,632

 

 
1,632

 

 
1,758

 

 
1,758

Government debt 2
 

 
1,033

 

 
1,033

 

 
957

 

 
957

Other long-term assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
 

 
64

 
9

 
73

 

 
31

 
9

 
40

Loans receivable
 

 
525

 

 
525

 

 
236

 

 
236

Total assets measured and recorded at fair value
 
8,615

 
27,607

 
20

 
36,242

 
8,168

 
19,559

 
21

 
27,748

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other accrued liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities
 

 
444

 

 
444

 

 
371

 

 
371

Other long-term liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities
 

 
125

 
12

 
137

 

 
179

 
33

 
212

Total liabilities measured and recorded at fair value
 
$

 
$
569

 
$
12

 
$
581

 
$

 
$
550

 
$
33

 
$
583

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:
 
 
July 1, 2017
(In Millions)
 
Carrying
Amount
 
Fair Value Measured Using
 
Fair Value
Level 1
 
Level 2
 
Level 3
 
Grants receivable
 
$
440

 
$

 
$
440

 
$

 
$
440

Loans receivable1
 
$
2,465

 
$

 
$
2,465

 
$

 
$
2,465

Non-marketable cost method investments
 
$
2,719

 
$

 
$

 
$
3,457

 
$
3,457

Reverse repurchase agreements
 
$
250

 
$

 
$
250

 
$

 
$
250

Short-term debt
 
$
4,117

 
$

 
$
4,697

 
$

 
$
4,697

Long-term debt
 
$
27,855

 
$
17,980

 
$
11,630

 
$

 
$
29,610

1 
Includes a loan receivable of $2.2 billion due from McAfee and TPG. The fair value of this loan receivable approximates its carrying value and we did not obtain or secure collateral against this obligation. For further information, see "Note 9: Acquisitions and Divestitures."

 
 
December 31, 2016
(In Millions)
 
Carrying
Amount
 
Fair Value Measured Using
 
Fair Value
Level 1
 
Level 2
 
Level 3
 
Grants receivable
 
$
361

 
$

 
$
362

 
$

 
$
362

Loans receivable
 
$
265

 
$

 
$
265

 
$

 
$
265

Non-marketable cost method investments
 
$
3,098

 
$

 
$

 
$
3,890

 
$
3,890

Reverse repurchase agreements
 
$
250

 
$

 
$
250

 
$

 
$
250

Short-term debt
 
$
4,609

 
$
3,006

 
$
2,114

 
$

 
$
5,120

Long-term debt
 
$
20,649

 
$
12,171

 
$
9,786

 
$

 
$
21,957