Quarterly report [Sections 13 or 15(d)]

Investments (Tables)

v3.25.3
Investments (Tables)
 9 Months Ended
Sep. 27, 2025
Investments, Debt and Equity Securities [Abstract]  
Investments Classified by Contractual Maturity Date [Table Text Block]
The fair values of marketable debt investments, by contractual maturity, as of September 27, 2025, were as follows:
(In Millions) Fair Value
Due in 1 year or less
 $ 7,452 
Due in 1 – 2 years
 7,233 
Due in 2 – 5 years
 6,926 
Due after 5 years
 188 
Instruments not due at a single maturity date1
4,099 
Total $ 25,898 
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) Sep 27, 2025 Dec 28, 2024
Marketable equity investments1
$ 572  $ 848 
Non-marketable equity investments
8,095  4,535 
Total $ 8,667  $ 5,383 
1 Most 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 Nine Months Ended
(In Millions)
 Sep 27, 2025 Sep 28, 2024 Sep 27, 2025 Sep 28, 2024
Unrealized gains (losses) on marketable equity investments $ 116  $ (198) $ (234) $ (168)
Unrealized gains (losses) on non-marketable equity investments1
17  —  490  48 
Impairment charges on non-marketable equity investments (76) (110) (232) (269)
Unrealized gains (losses) on equity investments, net 57  (308) 24  (389)
Realized gains (losses) on sales of equity investments, net 164  149  587  315 
Gains (losses) on equity investments, net $ 221  $ (159) $ 611  $ (74)
1 Unrealized gains (losses) on non-marketable investments includes observable price adjustments and our share of equity method investee gains (losses) and certain distributions.