Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.23.2
Fair Value (Tables)
 6 Months Ended
Jul. 01, 2023
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
Jul 1, 2023 Dec 31, 2022
Fair Value Measured and Recorded at Reporting Date Using
 
 Fair Value Measured and Recorded at Reporting Date Using  
(In Millions)
 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
Assets
Cash equivalents:
Corporate debt $ —  $ 1,077  $ —  $ 1,077  $ —  $ 856  $ —  $ 856 
Financial institution instruments¹ 3,046  1,587  —  4,633  6,899  1,474  —  8,373 
Reverse repurchase agreements —  1,700  —  1,700  —  1,301  —  1,301 
Short-term investments:
Corporate debt —  6,158  —  6,158  —  5,381  —  5,381 
Financial institution instruments¹ 96  3,731  —  3,827  196  4,729  —  4,925 
Government debt² 49  5,874  —  5,923  48  6,840  —  6,888 
Other current assets:
Derivative assets 197  963  —  1,160  —  1,264  —  1,264 
Loans receivable —  55  —  55  —  53  —  53 
Marketable equity securities 1,295  —  —  1,295  1,341  —  —  1,341 
Other long-term assets:
Derivative assets —  5  —  5  —  10  —  10 
Total assets measured and recorded at fair value $ 4,683  $ 21,150  $ —  $ 25,833  $ 8,484  $ 21,908  $ —  $ 30,392 
Liabilities
Other accrued liabilities:
Derivative liabilities $ —  $ 446  $ 101  $ 547  $ 111  $ 485  $ 89  $ 685 
Other long-term liabilities:
Derivative liabilities —  722  —  722  —  699  —  699 
Total liabilities measured and recorded at fair value $ —  $ 1,168  $ 101  $ 1,269  $ 111  $ 1,184  $ 89  $ 1,384 
1Level 1 investments consist of money market funds. Level 2 investments consist primarily of certificates of deposit, time deposits, and notes and bonds issued by financial institutions.
2Level 1 investments consist primarily of US Treasury securities. Level 2 investments consist primarily of non-US government debt.