Annual report pursuant to Section 13 and 15(d)

Fair Value (Tables)

v3.22.4
Fair Value (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
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
December 31, 2022 December 25, 2021
Fair Value Measured and
Recorded at Reporting Date Using
Total
 Fair Value Measured and
Recorded at Reporting Date Using		 Total
(In Millions)
Level 1
Level 2
Level 3
 Level 1 Level 2 Level 3
Assets
Cash equivalents:
Corporate debt $ —  $ 856  $ —  $ 856  $ — $ 65  $ — $ 65 
Financial institution instruments1
6,899  1,474  —  8,373  1,216  763  — 1,979 
Reverse repurchase
    agreements		 —  1,301  —  1,301  — 1,595  — 1,595 
Short-term investments:
Corporate debt —  5,381  —  5,381  — 6,367  — 6,367 
Financial institution instruments1
196  4,729  —  4,925  154  5,162  — 5,316 
Government debt2
48  6,840  —  6,888  50  12,693  — 12,743 
Other current assets:
Derivative assets —  1,264  —  1,264  80  576  — 656 
Loans receivable3
—  53  —  53  — 152  — 152 
Marketable equity securities4
1,341  —  —  1,341  1,854  317  — 2,171 
Other long-term assets:
Derivative assets —  10  —  10  — 772  7  779 
Loans receivable3
—  —  —  —  — 57  — 57 
Total assets measured and recorded at fair value $ 8,484  $ 21,908  $ —  $ 30,392  $ 3,354  $ 28,519  $ 7  $ 31,880 
Liabilities
Other accrued liabilities:
Derivative liabilities $ 111  $ 485  $ 89  $ 685  $ 4 $ 516  $ — $ 520 
Other long-term liabilities:
Derivative liabilities —  699  —  699  — 9  — 9 
Total liabilities measured and recorded at fair value $ 111  $ 1,184  $ 89  $ 1,384  $ 4 $ 525  $ — $ 529 
1.Level 1 investments consist of money market funds recorded at Net Asset Value. Level 2 investments consist primarily of commercial paper, certificates of deposit, time deposits, and notes and bonds issued by financial institutions
2.Level 1 investments consist primarily of US Treasury securities. Level 2 investments consist primarily of non-US government debt.
3.The fair value of our loans receivable for which we elected the fair value option did not significantly differ from the contractual principal balance.
4.Level 2 investments consist of marketable equity securities subject to security-specific restrictions for which a fair value adjustment was recorded.