| Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] |
Total gross notional amounts for outstanding derivatives (recorded at fair value) at the end of each period were as follows:
|
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|
|
|
|
|
|
|
|
|
|
|
|
(In Millions) |
|
Sep 28,
2013 |
|
Dec 29,
2012 |
|
Sep 29,
2012 |
Currency forwards |
|
$ |
12,458 |
|
|
$ |
13,117 |
|
|
$ |
10,158 |
|
Currency interest rate swaps |
|
3,665 |
|
|
2,711 |
|
|
2,574 |
|
Currency options |
|
— |
|
|
— |
|
|
1,751 |
|
Embedded debt derivatives |
|
3,600 |
|
|
3,600 |
|
|
3,600 |
|
Interest rate swaps |
|
1,269 |
|
|
1,101 |
|
|
1,132 |
|
Total return swaps |
|
873 |
|
|
807 |
|
|
920 |
|
Other |
|
72 |
|
|
127 |
|
|
156 |
|
Total |
|
$ |
21,937 |
|
|
$ |
21,463 |
|
|
$ |
20,291 |
|
The gross notional amounts for currency forwards, currency interest rate swaps, and currency options (presented by currency) at the end of each period were as follows:
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|
|
|
|
|
|
|
|
|
|
|
|
(In Millions) |
|
Sep 28,
2013 |
|
Dec 29,
2012 |
|
Sep 29,
2012 |
British pound sterling |
|
$ |
403 |
|
|
$ |
308 |
|
|
$ |
312 |
|
Chinese yuan |
|
648 |
|
|
647 |
|
|
634 |
|
Euro |
|
5,952 |
|
|
5,994 |
|
|
6,276 |
|
Israeli shekel |
|
2,006 |
|
|
2,256 |
|
|
1,991 |
|
Japanese yen |
|
3,864 |
|
|
4,389 |
|
|
3,831 |
|
Malaysian ringgit |
|
444 |
|
|
442 |
|
|
340 |
|
Swiss franc |
|
1,416 |
|
|
657 |
|
|
174 |
|
Other |
|
1,390 |
|
|
1,135 |
|
|
925 |
|
Total |
|
$ |
16,123 |
|
|
$ |
15,828 |
|
|
$ |
14,483 |
|
|
| Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] |
The fair value of our derivative instruments at the end of each period were as follows:
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|
|
|
|
|
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 28, 2013 |
|
December 29, 2012 |
(In Millions) |
|
Other
Current
Assets
|
|
Other
Long-Term
Assets
|
|
Other
Accrued
Liabilities
|
|
Other
Long-Term
Liabilities
|
|
Other
Current
Assets
|
|
Other
Long-Term
Assets
|
|
Other
Accrued
Liabilities
|
|
Other
Long-Term
Liabilities
|
Derivatives designated as hedging instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Currency forwards |
|
$ |
152 |
|
|
$ |
4 |
|
|
$ |
113 |
|
|
$ |
— |
|
|
$ |
91 |
|
|
$ |
2 |
|
|
$ |
127 |
|
|
$ |
— |
|
Other |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Total derivatives designated as hedging instruments |
|
$ |
152 |
|
|
$ |
4 |
|
|
$ |
113 |
|
|
$ |
— |
|
|
$ |
91 |
|
|
$ |
2 |
|
|
$ |
127 |
|
|
$ |
— |
|
Derivatives not designated as hedging instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Currency forwards |
|
$ |
29 |
|
|
$ |
— |
|
|
$ |
119 |
|
|
$ |
— |
|
|
$ |
85 |
|
|
$ |
— |
|
|
$ |
58 |
|
|
$ |
— |
|
Currency interest rate swaps |
|
72 |
|
|
9 |
|
|
141 |
|
|
24 |
|
|
33 |
|
|
18 |
|
|
72 |
|
|
14 |
|
Embedded debt derivatives |
|
— |
|
|
— |
|
|
— |
|
|
21 |
|
|
— |
|
|
— |
|
|
— |
|
|
6 |
|
Interest rate swaps |
|
2 |
|
|
— |
|
|
32 |
|
|
— |
|
|
— |
|
|
— |
|
|
34 |
|
|
— |
|
Total return swaps |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
11 |
|
|
— |
|
|
— |
|
|
— |
|
Other |
|
1 |
|
|
23 |
|
|
— |
|
|
— |
|
|
1 |
|
|
18 |
|
|
1 |
|
|
— |
|
Total derivatives not designated as hedging instruments |
|
$ |
104 |
|
|
$ |
32 |
|
|
$ |
292 |
|
|
$ |
45 |
|
|
$ |
130 |
|
|
$ |
36 |
|
|
$ |
165 |
|
|
$ |
20 |
|
Total derivatives |
|
$ |
256 |
|
|
$ |
36 |
|
|
$ |
405 |
|
|
$ |
45 |
|
|
$ |
221 |
|
|
$ |
38 |
|
|
$ |
292 |
|
|
$ |
20 |
|
|
| Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block] |
The before-tax gains (losses), attributed to the effective portion of cash flow hedges, recognized in other comprehensive income during each period were as follows:
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|
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|
|
|
|
|
|
|
|
Three Months Ended |
|
Nine Months Ended |
(In Millions) |
|
Sep 28,
2013 |
|
Sep 29,
2012 |
|
Sep 28,
2013 |
|
Sep 29,
2012 |
Currency forwards |
|
$ |
84 |
|
|
$ |
190 |
|
|
$ |
(105 |
) |
|
$ |
75 |
|
Other |
|
(1 |
) |
|
1 |
|
|
— |
|
|
— |
|
Total |
|
$ |
83 |
|
|
$ |
191 |
|
|
$ |
(105 |
) |
|
$ |
75 |
|
|
| Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block] |
The effects of derivative instruments not designated as hedging instruments on the consolidated condensed statements of income during each period were as follows:
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|
Three Months Ended |
|
Nine Months Ended |
(In Millions) |
|
Location of Gains (Losses)
Recognized in Income on Derivatives
|
|
Sep 28,
2013 |
|
Sep 29,
2012 |
|
Sep 28,
2013 |
|
Sep 29,
2012 |
Currency forwards |
|
Interest and other, net |
|
$ |
(27 |
) |
|
$ |
19 |
|
|
$ |
23 |
|
|
$ |
(9 |
) |
Currency interest rate swaps |
|
Interest and other, net |
|
(56 |
) |
|
(53 |
) |
|
— |
|
|
(40 |
) |
Currency options |
|
Interest and other, net |
|
— |
|
|
3 |
|
|
— |
|
|
3 |
|
Interest rate swaps |
|
Interest and other, net |
|
(5 |
) |
|
(3 |
) |
|
(2 |
) |
|
31 |
|
Total return swaps |
|
Various |
|
70 |
|
|
69 |
|
|
99 |
|
|
71 |
|
Other |
|
Gains (losses) on equity investments, net |
|
(6 |
) |
|
(1 |
) |
|
1 |
|
|
(3 |
) |
Total |
|
|
|
$ |
(24 |
) |
|
$ |
34 |
|
|
$ |
121 |
|
|
$ |
53 |
|
|