Quarterly report [Sections 13 or 15(d)]

Fair Value (Tables)

v3.26.1
Fair Value (Tables)
3 Months Ended
Mar. 28, 2026
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
Mar 28, 2026 Dec 27, 2025
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
$
— 
$
289 
$
— 
$
289 
$
— 
$
150 
$
— 
$
150 
Financial institution instruments¹
10,979 
1,576 
— 
12,555 
7,292 
1,800 
— 
9,092 
Government debt²
— 
107 
— 
107 
— 
— 
— 
— 
Reverse repurchase agreements
— 
3,679 
— 
3,679 
— 
4,262 
— 
4,262 
Short-term investments:
Corporate debt
— 
7,088 
— 
7,088 
— 
7,248 
— 
7,248 
Financial institution instruments¹
31 
4,966 
— 
4,997 
183 
3,991 
— 
4,174 
Government debt²
1,708 
1,749 
— 
3,457 
5,296 
6,433 
— 
11,729 
Other current assets:
Derivative assets
— 
443 
— 
443 
431 
608 
— 
1,039 
Marketable equity investments
317 
— 
— 
317 
484 
— 
— 
484 
Other long-term assets:
Derivative assets
— 
— 
— 
— 
Total assets measured and recorded at fair value
$
13,035 
$
19,898 
$
 
$
32,933 
$
13,686 
$
24,494 
$
 
$
38,180 
Liabilities
Other accrued liabilities:
Derivative liabilities³
$
157 
$
2,163 
$
490 
$
2,810 
$
$
1,524 
$
304 
$
1,834 
Other long-term liabilities:
Derivative liabilities³
— 
1,964 
173 
2,137 
— 
1,714 
576 
2,290 
Total liabilities measured and recorded at fair value
$
157 
$
4,127 
$
663 
$
4,947 
$
6 
$
3,238 
$
880 
$
4,124 
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 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.