Quarterly report [Sections 13 or 15(d)]

Investments (Tables)

v3.26.3
Investments (Tables)
9 Months Ended
Sep. 26, 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 September 26, 2026, was as follows:
(In Millions) Fair Value
Due in 1 year or less $ 21,454 
Due in 1–2 years 2,519 
Due in 2–5 years 11,950 
Due after 5 years 1,835 
Instruments not due at a single maturity date1
1,765 
Total $ 39,523 
1    Instruments not due at a single maturity date are 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) Sep 26, 2026 Dec 27, 2025
Marketable equity investments1
$ 311  $ 484 
Non-marketable equity investments 8,487  8,028 
Total $ 8,798  $ 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) Sep 26, 2026 Dec 27, 2025
Marketable equity investments1
$ 311  $ 484 
Non-marketable equity investments 8,487  8,028 
Total $ 8,798  $ 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) Sep 26, 2026 Dec 27, 2025
Marketable equity investments1
$ 311  $ 484 
Non-marketable equity investments 8,487  8,028 
Total $ 8,798  $ 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 Nine Months Ended
(In Millions) Sep 26, 2026 Sep 27, 2025 Sep 26, 2026 Sep 27, 2025
Unrealized gains (losses) on marketable equity investments, net $ 12  $ 116  $ (204) $ (234)
Unrealized gains (losses) on non-marketable equity investments, net1
247  17  359  490 
Impairment charges on non-marketable equity investments (55) (76) (209) (232)
Unrealized gains (losses) on equity investments, net 204  57  (54) 24 
Realized gains (losses) on sales of equity investments, net 126  164  273  587 
Gains (losses) on equity investments, net $ 330  $ 221  $ 219  $ 611 
1    Unrealized gains (losses) on non-marketable investments include observable price adjustments and our share of equity method investee gains (losses) and certain distributions.