Quarterly report pursuant to Section 13 or 15(d)

Investments (Tables)

v3.22.2.2
Investments (Tables)
9 Months Ended
Oct. 01, 2022
Investments and Cash [Abstract]  
Investments Classified by Contractual Maturity Date [Table Text Block]
The fair value of marketable debt investments, by contractual maturity, as of October 1, 2022, was as follows:
(In Millions) Fair Value
Due in 1 year or less
$ 11,457 
Due in 1–2 years
2,208 
Due in 2–5 years
4,962 
Due after 5 years
720 
Instruments not due at a single maturity date
861 
Total $ 20,208 
Investment [Table Text Block]
(In Millions) Oct 1, 2022 Dec 25, 2021
Marketable equity securities
$ 1,185  $ 2,171 
Non-marketable equity securities
4,626  4,111 
Equity method investments
11  16 
Total $ 5,822  $ 6,298 
Gain (Loss) on Securities [Table Text Block]
The components of gains (losses) on equity investments, net for each period were as follows:
  Three Months Ended Nine Months Ended
(In Millions)
Oct 1, 2022 Sep 25, 2021 Oct 1, 2022 Sep 25, 2021
Ongoing mark-to-market adjustments on marketable equity securities
$ (244) $ (192) $ (883) $ (345)
Observable price adjustments on non-marketable equity securities
67  79  273  702 
Impairment charges
(45) (38) (112) (111)
Sale of equity investments and other¹ 71  1,858  4,804  2,124 
Total gains (losses) on equity investments, net $ (151) $ 1,707  $ 4,082  $ 2,370 
1 Sale of equity investments and other, includes realized gains (losses) on sales of non-marketable equity investments, our share of equity method investees' gains (losses) and distributions, and initial fair value adjustments recorded upon a security becoming marketable.
Gains and losses for our marketable and non-marketable equity securities for each period were as follows:
Three Months Ended Nine Months Ended
(In Millions) Oct 1, 2022 Sep 25, 2021 Oct 1, 2022 Sep 25, 2021
Net gains (losses) recognized during the period on equity securities
$ (154) $ 346  $ (490) $ 883 
Less: Net (gains) losses recognized during the period on equity securities sold during the period 1  (46) 15  (189)
Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date $ (153) $ 300  $ (475) $ 694