Investments (Tables)
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3 Months Ended |
Mar. 30, 2019 |
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| Investments and Cash [Abstract] |
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| Schedule of Available-for-sale Securities Reconciliation [Table Text Block] |
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March 30, 2019 |
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December 29, 2018 |
(In Millions) |
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Adjusted Cost |
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Gross Unrealized Gains |
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Gross Unrealized Losses |
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Fair Value |
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Adjusted Cost |
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Gross Unrealized Gains |
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Gross Unrealized Losses |
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Fair Value |
Corporate debt |
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$ |
3,033 |
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$ |
26 |
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$ |
(11 |
) |
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$ |
3,048 |
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$ |
3,068 |
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$ |
2 |
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$ |
(28 |
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$ |
3,042 |
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Financial institution instruments |
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3,172 |
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11 |
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(5 |
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3,178 |
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3,076 |
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3 |
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(11 |
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3,068 |
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Government debt |
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930 |
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2 |
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(3 |
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929 |
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1,069 |
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1 |
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(9 |
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1,061 |
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Total available-for-sale debt investments |
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$ |
7,135 |
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$ |
39 |
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$ |
(19 |
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$ |
7,155 |
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$ |
7,213 |
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$ |
6 |
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$ |
(48 |
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$ |
7,171 |
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| Investments Classified by Contractual Maturity Date [Table Text Block] |
The fair value of available-for-sale debt investments, by contractual maturity, as of March 30, 2019, was as follows:
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(In Millions) |
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Fair Value |
Due in 1 year or less |
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$ |
3,210 |
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Due in 1–2 years |
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427 |
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Due in 2–5 years |
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2,934 |
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Due after 5 years |
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102 |
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Instruments not due at a single maturity date |
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482 |
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Total |
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$ |
7,155 |
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| Investment [Table Text Block] |
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(In Millions) |
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Mar 30,
2019 |
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Dec 29,
2018 |
Marketable equity securities |
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$ |
568 |
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$ |
1,440 |
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Non-marketable equity securities |
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3,117 |
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2,978 |
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Equity method investments |
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1,569 |
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1,624 |
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Total |
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$ |
5,254 |
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$ |
6,042 |
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| Gain (Loss) on Securities [Table Text Block] |
Gains and losses for our marketable and non-marketable equity securities during the period were as follows:
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Three Months Ended |
(In Millions) |
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Mar 30,
2019 |
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Mar 31,
2018 |
Net gains (losses) recognized during the period on equity securities |
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$ |
263 |
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$ |
724 |
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Less: Net (gains) losses recognized during the period on equity securities sold during the period |
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(190 |
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(11 |
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Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date |
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$ |
73 |
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$ |
713 |
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Three Months Ended |
(In Millions) |
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Mar 30,
2019 |
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Mar 31,
2018 |
Ongoing mark-to-market adjustments on marketable equity securities |
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$ |
253 |
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$ |
606 |
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Observable price adjustments on non-marketable equity securities |
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8 |
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124 |
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Impairments |
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(23 |
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(17 |
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Sale of equity investments and other¹
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196 |
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(70 |
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Total gains (losses) on equity investments, net |
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$ |
434 |
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$ |
643 |
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1 Sale of equity investments and other includes realized gains (losses) on sales of non-marketable equity investments, our share of equity method investee gains (losses), and initial fair value adjustments recorded upon a security becoming marketable.
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