Quarterly report [Sections 13 or 15(d)]

Investments (Tables)

v3.26.1
Investments (Tables)
6 Months Ended
Jun. 27, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Marketable Debt Investments by Contractual Maturity
The fair value of marketable debt investments, by contractual maturity, as of June 27, 2026, was as follows:
(In Millions) Fair Value
Due in 1 year or less $ 6,723 
Due in 1–2 years 2,723 
Due in 2–5 years 7,629 
Due after 5 years 1,848 
Instruments not due at a single maturity date1
3,240 
Total $ 22,163 
1 Instruments not due at a single maturity date is composed of money market fund deposits, which are classified as either short-term investments or cash and cash equivalents.
Schedule of Marketable Equity Investments
(In Millions) Jun 27, 2026 Dec 27, 2025
Marketable equity investments1
$ 250  $ 484 
Non-marketable equity investments 8,160  8,028 
Total $ 8,410  $ 8,512 
1 A significant portion of our marketable equity investments are subject to contractual 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.
Schedule of Equity Securities without Readily Determinable Fair Value
(In Millions) Jun 27, 2026 Dec 27, 2025
Marketable equity investments1
$ 250  $ 484 
Non-marketable equity investments 8,160  8,028 
Total $ 8,410  $ 8,512 
1 A significant portion of our marketable equity investments are subject to contractual 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.
Schedule of Equity Method Investments
(In Millions) Jun 27, 2026 Dec 27, 2025
Marketable equity investments1
$ 250  $ 484 
Non-marketable equity investments 8,160  8,028 
Total $ 8,410  $ 8,512 
1 A significant portion of our marketable equity investments are subject to contractual 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.
Schedule of Gains (Losses) on Equity Investments
The components of gains (losses) on equity investments, net for each period were as follows:
  Three Months Ended Six Months Ended
(In Millions) Jun 27, 2026 Jun 28, 2025 Jun 27, 2026 Jun 28, 2025
Unrealized gains (losses) on marketable equity investments, net $ (60) $ (58) $ (216) $ (350)
Unrealized gains (losses) on non-marketable equity investments, net1
10  473  112  473 
Impairment charges on non-marketable equity investments (92) (51) (154) (156)
Unrealized gains (losses) on equity investments, net (142) 364  (258) (33)
Realized gains (losses) on sales of equity investments, net 103  138  147  423 
Gains (losses) on equity investments, net $ (39) $ 502  $ (111) $ 390 
1 Unrealized gains (losses) on non-marketable investments includes observable price adjustments and our share of equity method investee gains (losses) and certain distributions.