Annual report pursuant to Section 13 and 15(d)

Fair Value (Tables)

v3.24.4
Fair Value (Tables)
12 Months Ended
Dec. 28, 2024
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 28, 2024 December 30, 2023
Fair Value Measurements
Total
Fair Value Measurements
Total
(In Millions)
Level 1
Level 2
Level 3
Level 1 Level 2 Level 3
Assets
Cash equivalents:
Corporate debt $ —  $ —  $ —  $ —  $ $ 769  $ $ 769 
Financial institution instruments1
4,121  743  —  4,864  2,241  835  3,076 
Reverse repurchase agreements —  2,654  —  2,654  2,554  2,554 
Short-term investments:
Corporate debt —  5,365  —  5,365  6,951  6,951 
Financial institution instruments1
195  3,356  —  3,551  33  4,215  4,248 
Government debt2
33  4,864  —  4,897  —  6,756  6,756 
Other current assets:
Derivative assets 348  733  —  1,081  366 809  1,175 
Marketable equity securities 848  —  —  848  1,194  —  1,194 
Other long-term assets:
Derivative assets —  —  21  —  21 
Total assets measured and recorded at fair value $ 5,545  $ 17,716  $   $ 23,261  $ 3,834  $ 22,910  $   $ 26,744 
Liabilities
Other accrued liabilities:
Derivative liabilities $ —  $ 562  $ 134  $ 696  $ $ 541  $ 99 $ 640 
Other long-term liabilities:
Derivative liabilities3
—  416  755  1,171  479  479 
Total liabilities measured and recorded at fair value $   $ 978  $ 889  $ 1,867  $ $ 1,020  $ 99 $ 1,119 
1.Level 1 investments consist of money market funds. Level 2 investments consist primarily of certificates of deposit, commercial paper, time deposits, 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.Level 3 derivative liabilities include liquidated damage provisions related to our Ireland SCIP arrangement