Annual report pursuant to Section 13 and 15(d)

Investments (Tables)

v3.20.4
Investments (Tables)
 12 Months Ended
Dec. 26, 2020
Debt Securities, Available-for-sale [Line Items]  
Investment [Table Text Block]
(In Millions)
 Dec 26, 2020 Dec 28, 2019
Marketable equity securities
 $ 1,830  $ 450 
Non-marketable equity securities
 3,304  3,480 
Equity method investments
 18  37 
Total $ 5,152  $ 3,967 
Gain (Loss) on Securities [Table Text Block]
The components of gains (losses) on equity investments, net for each period were as follows:
Years Ended (In Millions) Dec 26, 2020 Dec 28, 2019 Dec 29, 2018
Ongoing mark-to-market adjustments on marketable equity securities
 $ (133) $ 277  $ (129)
Observable price adjustments on non-marketable equity securities 176  293  202 
Impairment charges (303) (122) (424)
Sale of equity investments and other 1
2,164  1,091  226 
Total gains (losses) on equity investments, net $ 1,904  $ 1,539  $ (125)
1    Sale of equity investments and other includes initial fair value adjustments recorded upon a security becoming marketable, realized gains (losses) on sales of non-marketable equity investments, and our share of equity method investee gains (losses) and distributions.
Gains and losses for our marketable and non-marketable equity securities during each period were as follows:
(In Millions) Dec 26, 2020 Dec 28, 2019 Dec 29, 2018
Net gains (losses) recognized during the period on equity securities $ 1,679  $ 734  $ 298 
Less: Net (gains) losses recognized during the period on equity securities sold during the period (254) (424) (445)
Net unrealized gains (losses) recognized during the period on equity securities still held at the reporting date $ 1,425  $ 310  $ (147)
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 26, 2020 were as follows:
(In Millions) Fair Value
Due in 1 year or less $ 2,978 
Due in 1–2 years 1,093 
Due in 2–5 years 1,099 
Due after 5 years — 
Instruments not due at a single maturity date 2,781 
Total $ 7,951