Annual report pursuant to Section 13 and 15(d)

Investments (Tables)

v3.19.3.a.u2
Investments (Tables)
12 Months Ended
Dec. 28, 2019
Debt Securities, Available-for-sale [Line Items]  
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]
 
 
December 28, 2019
 
December 29, 2018
(In Millions)
 
Adjusted
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
 
Adjusted
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair
Value
Corporate debt
 
$
2,914

 
$
44

 
$

 
$
2,958

 
$
3,068

 
$
2

 
$
(28
)
 
$
3,042

Financial institution instruments
 
3,007

 
15

 
(1
)
 
3,021

 
3,076

 
3

 
(11
)
 
3,068

Government debt
 
560

 
4

 

 
564

 
1,069

 
1

 
(9
)
 
1,061

Total available-for-sale debt investments
 
$
6,481

 
$
63

 
$
(1
)
 
$
6,543

 
$
7,213

 
$
6

 
$
(48
)
 
$
7,171


Investment [Table Text Block]
(In Millions)
 
Dec 28,
2019
 
Dec 29,
2018
Marketable equity securities
 
$
450

 
$
1,440

Non-marketable equity securities
 
3,480

 
2,978

Equity method investments
 
37

 
1,624

Total
 
$
3,967

 
$
6,042


Gain (Loss) on Securities [Table Text Block]
Gains and losses for our marketable and non-marketable equity securities during each period were as follows:
(In Millions)
 
Dec 28,
2019
 
Dec 29,
2018
Net gains (losses) recognized during the period on equity securities
 
$
734

 
$
298

Less: Net (gains) losses recognized during the period on equity securities sold during the period
 
(424
)
 
(445
)
Unrealized gains (losses) recognized during the period on equity securities still held at the reporting date
 
$
310

 
$
(147
)

The components of gains (losses) on equity investments, net for each period were as follows:
Years Ended (In Millions)
 
Dec 28,
2019
 
Dec 29,
2018
 
Dec 30,
2017
Ongoing mark-to-market adjustments on marketable equity securities1
 
$
277

 
$
(129
)
 

Observable price adjustments on non-marketable equity securities1
 
293

 
202

 

Impairment charges
 
(122
)
 
(424
)
 
(833
)
Sale of equity investments and other 2
 
1,091

 
226

 
3,484

Total gains (losses) on equity investments, net
 
$
1,539

 
$
(125
)
 
$
2,651


Available-for-sale Securities [Member]  
Debt Securities, Available-for-sale [Line Items]  
Investments Classified by Contractual Maturity Date [Table Text Block]
The fair values of available-for-sale debt investments by contractual maturity as of December 28, 2019 were as follows:
(In Millions)
 
Fair Value
Due in 1 year or less
 
$
2,203

Due in 1–2 years
 
1,065

Due in 2–5 years
 
2,171

Due after 5 years
 
40

Instruments not due at a single maturity date
 
1,064

Total
 
$
6,543