Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.2.0.727
Fair Value (Tables)
6 Months Ended
Jun. 27, 2015
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 at the end of each period were as follows: 
 
 
June 27, 2015
 
December 27, 2014
 
 
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
 
$
7

 
$
898

 
$

 
$
905

 
$

 
$
48

 
$

 
$
48

Financial institution instruments
 
93

 
2,143

 

 
2,236

 
321

 
1,119

 

 
1,440

Government debt
 

 
103

 

 
103

 

 

 

 

Reverse repurchase agreements
 

 
318

 

 
318

 

 
268

 

 
268

Short-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate debt
 
342

 
607

 
27

 
976

 
363

 
412

 
31

 
806

Financial institution instruments
 
71

 
1,054

 

 
1,125

 
149

 
1,050

 

 
1,199

Government debt
 
162

 
343

 

 
505

 
252

 
173

 

 
425

Trading assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset-backed securities
 

 
533

 
32

 
565

 

 
766

 
58

 
824

Corporate debt
 
1,782

 
615

 

 
2,397

 
2,625

 
339

 

 
2,964

Financial institution instruments
 
855

 
649

 

 
1,504

 
1,146

 
613

 

 
1,759

Government debt
 
1,025

 
1,319

 

 
2,344

 
1,295

 
2,221

 

 
3,516

Other current assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
 

 
485

 
1

 
486

 

 
559

 
2

 
561

Loans receivable
 

 
28

 

 
28

 

 
505

 

 
505

Marketable equity securities
 
7,103

 
105

 

 
7,208

 
7,097

 

 

 
7,097

Other long-term investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asset-backed securities
 

 
1

 
5

 
6

 

 
2

 
4

 
6

Corporate debt
 
395

 
676

 
12

 
1,083

 
453

 
728

 
13

 
1,194

Financial institution instruments
 
254

 
269

 

 
523

 
189

 
319

 

 
508

Government debt
 
65

 
50

 

 
115

 
75

 
240

 

 
315

Other long-term assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative assets
 

 
58

 
16

 
74

 

 
35

 
22

 
57

Loans receivable
 

 
464

 

 
464

 

 
216

 

 
216

Total assets measured and recorded at fair value
 
12,154

 
10,718

 
93

 
22,965

 
13,965

 
9,613

 
130

 
23,708

Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other accrued liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities
 

 
398

 
6

 
404

 

 
563

 

 
563

Other long-term liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivative liabilities
 

 
21

 

 
21

 

 
17

 

 
17

Total liabilities measured and recorded at fair value
 
$

 
$
419

 
$
6

 
$
425

 
$

 
$
580

 
$

 
$
580

Financial Instruments Not Recorded At Fair Value On Recurring Basis [Table Text Block]
The carrying amounts and fair values of financial instruments not recorded at fair value on a recurring basis at the end of each period were as follows:
 
 
June 27, 2015
(In Millions)
 
Carrying
Amount
 
Fair Value Measured Using
 
Fair Value
Level 1
 
Level 2
 
Level 3
 
Grants receivable
 
$
765

 
$

 
$
767

 
$

 
$
767

Loans receivable
 
$
250

 
$

 
$
250

 
$

 
$
250

Non-marketable cost method investments
 
$
1,890

 
$

 
$

 
$
2,993

 
$
2,993

Reverse repurchase agreements
 
$
450

 
$

 
$
450

 
$

 
$
450

Short-term debt
 
$
1,095

 
$

 
$
1,517

 
$

 
$
1,517

Long-term debt
 
$
12,116

 
$
8,068

 
$
4,275

 
$

 
$
12,343

NVIDIA Corporation cross-license agreement liability
 
$
197

 
$

 
$
200

 
$

 
$
200

 
 
December 27, 2014
(In Millions)
 
Carrying
Amount
 
Fair Value Measured Using
 
Fair Value
Level 1
 
Level 2
 
Level 3
 
Grants receivable
 
$
676

 
$

 
$
679

 
$

 
$
679

Loans receivable
 
$
250

 
$

 
$
250

 
$

 
$
250

Non-marketable cost method investments
 
$
1,769

 
$

 
$

 
$
2,599

 
$
2,599

Reverse repurchase agreements
 
$
450

 
$

 
$
450

 
$

 
$
450

Short-term debt
 
$
1,588

 
$

 
$
2,145

 
$

 
$
2,145

Long-term debt
 
$
12,107

 
$
11,467

 
$
1,309

 
$

 
$
12,776

NVIDIA Corporation cross-license agreement liability
 
$
395

 
$

 
$
399

 
$

 
$
399