Annual report [Section 13 and 15(d), not S-K Item 405]

Fair Value (Tables)

v3.25.4
Fair Value (Tables)
12 Months Ended
Dec. 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
December 27, 2025 December 28, 2024
Fair Value Measured and Recorded at Reporting Date Using
Total
Fair Value Measured and Recorded at Reporting Date Using Total
(In Millions)
Level 1
Level 2
Level 3
Level 1 Level 2 Level 3
Assets
Cash equivalents:
Corporate debt $ —  $ 150  $ —  $ 150  $ $ —  $ $ — 
Financial institution instruments1
7,292  1,800  —  9,092  4,121  743  4,864 
Reverse repurchase agreements —  4,262  —  4,262  2,654  2,654 
Short-term investments:
Corporate debt —  7,248  —  7,248  5,365  5,365 
Financial institution instruments1
183  3,991  —  4,174  195  3,356  3,551 
Government debt2
5,296  6,433  —  11,729  33  4,864  4,897 
Other current assets:
Derivative assets 431  608  —  1,039  348  733  1,081 
Marketable equity investments
484  —  —  484  848  —  848 
Other long-term assets:
Derivative assets —  —  — 
Total assets measured and recorded at fair value $ 13,686  $ 24,494  $   $ 38,180  $ 5,545  $ 17,716  $   $ 23,261 
Liabilities
Other accrued liabilities:
Derivative liabilities3
$ $ 1,524  $ 304  $ 1,834  $ $ 562  $ 134 $ 696 
Other long-term liabilities:
Derivative liabilities3
—  1,714  576  2,290  416  755 1,171 
Total liabilities measured and recorded at fair value $ 6  $ 3,238  $ 880  $ 4,124  $ $ 978  $ 889 $ 1,867 
1 Level 1 investments consist of money market funds. Level 2 investments consist primarily of time deposits, notes and bonds issued by financial institutions.
2 Level 1 investments consist primarily of U.S. Treasury securities. Level 2 investments consist primarily of non-U.S. government debt.
3 Level 1 derivative liabilities consist of equity contracts for our deferred compensation program. Level 2 derivative liabilities include a forward contract related to Escrowed Shares held. Level 3 derivative liabilities include liquidated damage provisions related to our Ireland SCIP arrangement.