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 consisted of the following types of instruments as of December 31, 2011 and December 25, 2010:
|
|
|
December 31, 2011 |
|
December 25, 2010 |
|
|
|
Fair Value Measured and |
|
|
|
|
Fair Value Measured and |
|
|
|
|
|
Recorded at Reporting Date Using |
|
|
|
Recorded at Reporting Date Using |
|
|
|
(In Millions) |
Level 1 |
|
Level 2 |
|
Level 3 |
|
|
Total |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
$ |
— |
|
$ |
2,408 |
|
$ |
— |
|
$ |
2,408 |
|
$ |
— |
|
$ |
2,600 |
|
$ |
— |
|
$ |
2,600 |
|
Government bonds |
|
650 |
|
|
— |
|
|
— |
|
|
650 |
|
|
1,279 |
|
|
505 |
|
|
— |
|
|
1,784 |
|
Bank deposits |
|
— |
|
|
795 |
|
|
— |
|
|
795 |
|
|
— |
|
|
560 |
|
|
— |
|
|
560 |
|
Money market fund deposits |
|
546 |
|
|
— |
|
|
— |
|
|
546 |
|
|
34 |
|
|
— |
|
|
— |
|
|
34 |
Short-term investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Government bonds |
|
2,690 |
|
|
310 |
|
|
— |
|
|
3,000 |
|
|
4,890 |
|
|
1,320 |
|
|
— |
|
|
6,210 |
|
Commercial paper |
|
— |
|
|
1,409 |
|
|
— |
|
|
1,409 |
|
|
— |
|
|
2,712 |
|
|
— |
|
|
2,712 |
|
Corporate bonds |
|
120 |
|
|
428 |
|
|
28 |
|
|
576 |
|
|
121 |
|
|
1,378 |
|
|
1 |
|
|
1,500 |
|
Bank deposits |
|
— |
|
|
196 |
|
|
— |
|
|
196 |
|
|
— |
|
|
858 |
|
|
— |
|
|
858 |
|
Asset-backed securities |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
14 |
|
|
14 |
Trading assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Government bonds |
|
1,698 |
|
|
1,317 |
|
|
— |
|
|
3,015 |
|
|
311 |
|
|
2,115 |
|
|
— |
|
|
2,426 |
|
Corporate bonds |
|
202 |
|
|
486 |
|
|
— |
|
|
688 |
|
|
199 |
|
|
916 |
|
|
— |
|
|
1,115 |
|
Commercial paper |
|
— |
|
|
305 |
|
|
— |
|
|
305 |
|
|
— |
|
|
488 |
|
|
— |
|
|
488 |
|
Municipal bonds |
|
— |
|
|
284 |
|
|
— |
|
|
284 |
|
|
— |
|
|
375 |
|
|
— |
|
|
375 |
|
Bank deposits |
|
— |
|
|
135 |
|
|
— |
|
|
135 |
|
|
— |
|
|
108 |
|
|
— |
|
|
108 |
|
Asset-backed securities |
|
— |
|
|
— |
|
|
115 |
|
|
115 |
|
|
— |
|
|
— |
|
|
190 |
|
|
190 |
|
Money market fund deposits |
|
49 |
|
|
— |
|
|
— |
|
|
49 |
|
|
3 |
|
|
— |
|
|
— |
|
|
3 |
|
Marketable equity securities |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
388 |
|
|
— |
|
|
— |
|
|
388 |
Other current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative assets |
|
— |
|
|
159 |
|
|
7 |
|
|
166 |
|
|
— |
|
|
330 |
|
|
— |
|
|
330 |
|
Loans receivable |
|
— |
|
|
33 |
|
|
— |
|
|
33 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Marketable equity securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Marketable equity securities |
|
522 |
|
|
40 |
|
|
— |
|
|
562 |
|
|
785 |
|
|
223 |
|
|
— |
|
|
1,008 |
Other long-term investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Government bonds |
|
177 |
|
|
300 |
|
|
— |
|
|
477 |
|
|
83 |
|
|
2,002 |
|
|
— |
|
|
2,085 |
|
Corporate bonds |
|
— |
|
|
282 |
|
|
39 |
|
|
321 |
|
|
104 |
|
|
601 |
|
|
50 |
|
|
755 |
|
Bank deposits |
|
— |
|
|
55 |
|
|
— |
|
|
55 |
|
|
— |
|
|
133 |
|
|
— |
|
|
133 |
|
Asset-backed securities |
|
— |
|
|
— |
|
|
36 |
|
|
36 |
|
|
— |
|
|
— |
|
|
53 |
|
|
53 |
Other long-term assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans receivable |
|
— |
|
|
715 |
|
|
— |
|
|
715 |
|
|
— |
|
|
642 |
|
|
— |
|
|
642 |
|
Derivative assets |
|
— |
|
|
34 |
|
|
29 |
|
|
63 |
|
|
— |
|
|
19 |
|
|
31 |
|
|
50 |
Total assets measured and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
recorded at fair value |
$ |
6,654 |
|
$ |
9,691 |
|
$ |
254 |
|
$ |
16,599 |
|
$ |
8,197 |
|
$ |
17,885 |
|
$ |
339 |
|
$ |
26,421 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other accrued liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative liabilities |
$ |
— |
|
$ |
280 |
|
$ |
8 |
|
$ |
288 |
|
$ |
— |
|
$ |
201 |
|
$ |
7 |
|
$ |
208 |
Long-term debt |
|
— |
|
|
— |
|
|
131 |
|
|
131 |
|
|
— |
|
|
— |
|
|
128 |
|
|
128 |
Other long-term liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative liabilities |
|
— |
|
|
27 |
|
|
— |
|
|
27 |
|
|
— |
|
|
47 |
|
|
— |
|
|
47 |
Total liabilities measured and |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
recorded at fair value |
$ |
— |
|
$ |
307 |
|
$ |
139 |
|
$ |
446 |
$ |
— |
|
$ |
248 |
|
$ |
135 |
|
$ |
383 |
|
Assets/Liabilities Measured and Recorded at Fair Value on a Recurring Basis (Significant Unobservable Inputs [Level 3]) [Table Text Block] |
The following tables present reconciliations for all assets and liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3) for 2011 and 2010:
|
|
|
Fair Value Measured and Recorded Using |
|
|
|
|
|
|
Significant Unobservable Inputs (Level 3) |
|
|
|
|
|
Corporate |
|
Asset-Backed |
|
Derivative |
|
Derivative |
|
Long-Term |
|
Total Gains |
(In Millions)
|
|
Bonds |
Securities |
Assets |
Liabilities |
Debt |
(Losses) |
Balance as of December 25, 2010
|
|
$ |
51 |
|
$ |
257 |
|
$ |
31 |
|
$ |
(7) |
|
$ |
(128) |
|
|
|
Total gains or losses (realized and unrealized):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Included in earnings
|
|
|
(3) |
|
|
(6) |
|
|
2 |
|
|
(1) |
|
|
(3) |
|
|
(11) |
|
Included in other comprehensive income (loss)
|
|
|
7 |
|
|
(2) |
|
|
— |
|
|
— |
|
|
— |
|
|
5 |
Purchases
|
|
|
24 |
|
|
13 |
|
|
6 |
|
|
— |
|
|
— |
|
|
|
Sales
|
|
|
— |
|
|
(11) |
|
|
— |
|
|
— |
|
|
— |
|
|
|
Settlements and maturities
|
|
|
(12) |
|
|
(100) |
|
|
— |
|
|
— |
|
|
— |
|
|
|
Transfers out of Level 3
|
|
|
— |
|
|
— |
|
|
(3) |
|
|
— |
|
|
— |
|
|
|
Balance as of December 31, 2011
|
|
$ |
67 |
|
$ |
151 |
|
$ |
36 |
|
$ |
(8) |
|
$ |
(131) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in unrealized gains or losses included in
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
earnings related to assets and liabilities still held
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
as of December 31, 2011
|
|
$ |
(2) |
|
$ |
(2) |
|
$ |
2 |
|
$ |
(1) |
|
$ |
(3) |
|
$ |
(6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measured and Recorded Using |
|
|
|
|
|
|
Significant Unobservable Inputs (Level 3) |
|
|
|
|
|
Corporate |
|
Asset-Backed |
|
Derivative |
|
Derivative |
|
Long-Term |
|
Total Gains |
(In Millions)
|
|
Bonds |
Securities |
Assets |
Liabilities |
Debt |
(Losses) |
Balance as of December 26, 2009
|
|
$ |
369 |
|
$ |
754 |
|
$ |
31 |
|
$ |
(65) |
|
$ |
(123) |
|
|
|
Total gains or losses (realized and unrealized):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Included in earnings
|
|
|
(2) |
|
|
6 |
|
|
(3) |
|
|
(2) |
|
|
(5) |
|
|
(6) |
|
Included in other comprehensive income (loss)
|
|
|
4 |
|
|
9 |
|
|
— |
|
|
— |
|
|
— |
|
|
13 |
Purchases
|
|
|
6 |
|
|
— |
|
|
7 |
|
|
— |
|
|
— |
|
|
|
Sales
|
|
|
(44) |
|
|
(28) |
|
|
(4) |
|
|
— |
|
|
— |
|
|
|
Settlements and maturities
|
|
|
(75) |
|
|
(484) |
|
|
— |
|
|
— |
|
|
— |
|
|
|
Transfers out of Level 3
|
|
|
(207) |
|
|
— |
|
|
— |
|
|
60 |
|
|
— |
|
|
|
Balance as of December 25, 2010
|
|
$ |
51 |
|
$ |
257 |
|
$ |
31 |
|
$ |
(7) |
|
$ |
(128) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in unrealized gains or losses included in
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
earnings related to assets and liabilities still held
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
as of December 25, 2010
|
|
$ |
— |
|
$ |
6 |
|
$ |
(4) |
|
$ |
(1) |
|
$ |
(5) |
|
$ |
(4) |
|
Financial Instruments Not Recorded At Fair Value On Recurring Basis [Table Text Block] |
We measure the fair value of our non-marketable equity investments, marketable equity method investments, indebtedness carried at amortized cost, and cost method loans receivable quarterly for disclosure purposes; however, the assets are recorded at fair value only when an impairment charge is recognized. The carrying amounts and fair values of financial instruments not recorded at fair value on a recurring basis as of December 31, 2011 and December 25, 2010 were as follows:
|
2011 |
|
2010 |
|
Carrying |
|
Fair |
|
Carrying |
|
Fair |
(In Millions) |
Amount |
|
Value |
|
Amount |
|
Value |
Non-marketable equity investments |
$ |
2,759 |
|
$ |
6,161 |
|
$ |
2,633 |
|
$ |
5,144 |
Marketable equity method investments |
$ |
39 |
|
$ |
67 |
|
$ |
31 |
|
$ |
167 |
Loans receivable |
$ |
132 |
|
$ |
132 |
|
$ |
208 |
|
$ |
208 |
Long-term debt |
$ |
6,953 |
|
$ |
7,735 |
|
$ |
1,949 |
|
$ |
2,283 |
Short-term debt |
$ |
200 |
|
$ |
200 |
|
$ |
— |
|
$ |
— |
NVIDIA Corporation cross-license agreement liability |
$ |
1,156 |
|
$ |
1,174 |
|
$ |
— |
|
$ |
— |
|