Quarterly report [Sections 13 or 15(d)]

Fair Value (Tables)

v3.25.3
Fair Value (Tables)
9 Months Ended
Sep. 27, 2025
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
Sep 27, 2025 Dec 28, 2024
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 $ —  $ 944  $ —  $ 944  $ —  $ —  $ —  $ — 
Financial institution instruments¹ 3,813  1,347  —  5,160  4,121  743  —  4,864 
Reverse repurchase agreements —  4,369  —  4,369  —  2,654  —  2,654 
Short-term investments:
Corporate debt —  6,066  —  6,066  —  5,365  —  5,365 
Financial institution instruments¹ 286  3,400  —  3,686  195  3,356  —  3,551 
Government debt² 5,280  4,762  —  10,042  33  4,864  —  4,897 
Other current assets:
Derivative assets 342  480  —  822  348  733  —  1,081 
Marketable equity investments 572  —  —  572  848  —  —  848 
Other long-term assets:
Derivative assets —  —  —  — 
Total assets measured and recorded at fair value $ 10,293  $ 21,369  $   $ 31,662  $ 5,545  $ 17,716  $   $ 23,261 
Liabilities
Other accrued liabilities:
Derivative liabilities³ $ 2,058  $ 422  $ 119  $ 2,599  $ —  $ 562  $ 134  $ 696 
Other long-term liabilities:
Derivative liabilities³ 3,555  169  755  4,479  —  416  755  1,171 
Total liabilities measured and recorded at fair value $ 5,613  $ 591  $ 874  $ 7,078  $   $ 978  $ 889  $ 1,867 
1Level 1 investments consist of money market funds. Level 2 investments consist primarily of time deposits, notes, and bonds issued by financial institutions.
2Level 1 investments consist primarily of U.S. Treasury securities. Level 2 investments consist primarily of non-U.S. government debt.
3Level 1 derivative liabilities relate to Escrowed Shares held and equity contracts for our deferred compensation program. Level 3 derivative liabilities include liquidated damage provisions related to our Ireland SCIP arrangement.