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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 28, 2020 |
|
December 28, 2019 |
|
|
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 |
|
$ |
— |
|
|
$ |
1,348 |
|
|
$ |
— |
|
|
$ |
1,348 |
|
|
$ |
— |
|
|
$ |
713 |
|
|
$ |
— |
|
|
$ |
713 |
|
Financial institution instruments¹ |
|
7,557 |
|
|
600 |
|
|
— |
|
|
8,157 |
|
|
1,064 |
|
|
408 |
|
|
— |
|
|
1,472 |
|
Government debt² |
|
— |
|
|
199 |
|
|
— |
|
|
199 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Reverse repurchase agreements |
|
— |
|
|
1,150 |
|
|
— |
|
|
1,150 |
|
|
— |
|
|
1,500 |
|
|
— |
|
|
1,500 |
|
Short-term investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate debt |
|
— |
|
|
493 |
|
|
— |
|
|
493 |
|
|
— |
|
|
347 |
|
|
— |
|
|
347 |
|
Financial institution instruments¹ |
|
— |
|
|
803 |
|
|
— |
|
|
803 |
|
|
— |
|
|
724 |
|
|
— |
|
|
724 |
|
Government debt² |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
11 |
|
|
— |
|
|
11 |
|
Trading assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate debt |
|
— |
|
|
2,850 |
|
|
— |
|
|
2,850 |
|
|
— |
|
|
2,848 |
|
|
— |
|
|
2,848 |
|
Financial institution instruments¹ |
|
78 |
|
|
2,020 |
|
|
— |
|
|
2,098 |
|
|
87 |
|
|
1,578 |
|
|
— |
|
|
1,665 |
|
Government debt² |
|
— |
|
|
3,179 |
|
|
— |
|
|
3,179 |
|
|
— |
|
|
3,334 |
|
|
— |
|
|
3,334 |
|
Other current assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative assets |
|
5 |
|
|
372 |
|
|
— |
|
|
377 |
|
|
50 |
|
|
230 |
|
|
— |
|
|
280 |
|
Loans receivable³ |
|
— |
|
|
339 |
|
|
— |
|
|
339 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Marketable equity securities |
|
330 |
|
|
— |
|
|
— |
|
|
330 |
|
|
450 |
|
|
— |
|
|
— |
|
|
450 |
|
Other long-term investments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate debt |
|
— |
|
|
1,852 |
|
|
— |
|
|
1,852 |
|
|
— |
|
|
1,898 |
|
|
— |
|
|
1,898 |
|
Financial institution instruments¹ |
|
— |
|
|
532 |
|
|
— |
|
|
532 |
|
|
— |
|
|
825 |
|
|
— |
|
|
825 |
|
Government debt² |
|
— |
|
|
559 |
|
|
— |
|
|
559 |
|
|
— |
|
|
553 |
|
|
— |
|
|
553 |
|
Other long-term assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative assets |
|
— |
|
|
1,604 |
|
|
35 |
|
|
1,639 |
|
|
— |
|
|
690 |
|
|
16 |
|
|
706 |
|
Loans receivable³ |
|
— |
|
|
203 |
|
|
— |
|
|
203 |
|
|
— |
|
|
554 |
|
|
— |
|
|
554 |
|
Total assets measured and recorded at fair value |
|
$ |
7,970 |
|
|
$ |
18,103 |
|
|
$ |
35 |
|
|
$ |
26,108 |
|
|
$ |
1,651 |
|
|
$ |
16,213 |
|
|
$ |
16 |
|
|
$ |
17,880 |
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other accrued liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative liabilities |
|
$ |
190 |
|
|
$ |
614 |
|
|
$ |
— |
|
|
$ |
804 |
|
|
$ |
3 |
|
|
$ |
287 |
|
|
$ |
— |
|
|
$ |
290 |
|
Other long-term liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative liabilities |
|
— |
|
|
106 |
|
|
— |
|
|
106 |
|
|
— |
|
|
13 |
|
|
— |
|
|
13 |
|
Total liabilities measured and recorded at fair value |
|
$ |
190 |
|
|
$ |
720 |
|
|
$ |
— |
|
|
$ |
910 |
|
|
$ |
3 |
|
|
$ |
300 |
|
|
$ |
— |
|
|
$ |
303 |
|
|
|
1 |
Level 1 investments consist of money market funds. Level 2 investments consist primarily of commercial paper, certificates of deposit, time deposits, and notes and bonds issued by financial institutions. |
|
|
2 |
Level 2 investments consist primarily of U.S. agency notes and non-U.S. government debt. |
3
The fair value of our loans receivable for which we elected the fair value option did not significantly differ from the contractual principal balance based on the contractual currency.
|