Quarterly report [Sections 13 or 15(d)]

Investments (Tables)

v3.25.2
Investments (Tables)
 6 Months Ended
Jun. 28, 2025
Investments, Debt and Equity Securities [Abstract]  
Investments Classified by Contractual Maturity Date [Table Text Block]
The fair value of marketable debt investments, by contractual maturity, as of June 28, 2025, was as follows:
(In Millions) Fair Value
Due in 1 year or less
 $ 5,580 
Due in 1–2 years
 2,979 
Due in 2–5 years
 5,314 
Due after 5 years
 234 
Instruments not due at a single maturity date1
3,165 
Total $ 17,272 
1 "Instruments not due at a single maturity date" is comprised of money market fund deposits, which are classified as either short-term investments or cash and cash equivalents.
Investment [Table Text Block]
(In Millions) Jun 28, 2025 Dec 28, 2024
Marketable equity investments1
$ 467  $ 848 
Non-marketable equity investments
4,916  4,535 
Total $ 5,383  $ 5,383 
1    Substantial majority of our marketable equity investments are subject to trading-volume or market-based restrictions, which limit the number of shares we may sell in a specified period of time, impacting our ability to liquidate these investments. Certain of the trading volume restrictions generally apply for as long as we own more than 1% of the outstanding shares. Market-based restrictions result from the rules of the respective exchange.
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 Six Months Ended
(In Millions)
 Jun 28, 2025 Jun 29, 2024 Jun 28, 2025 Jun 29, 2024
Unrealized gains (losses) on marketable equity investments $ (58) $ (222) $ (350) $ 30 
Unrealized gains (losses) on non-marketable equity investments1
473  24  473  48 
Impairment charges (51) (91) (156) (159)
Unrealized gains (losses) on equity investments, net 364  (289) (33) (81)
Realized gains (losses) on sales of equity investments, net 138  169  423  166 
Gains (losses) on equity investments, net $ 502  $ (120) $ 390  $ 85 
1 Unrealized gains (losses) on non-marketable investments includes observable price adjustments and our share of equity method investee gains (losses) and certain distributions.