Annual report pursuant to Section 13 and 15(d)

Investments (Tables)

v3.21.4
Investments (Tables)
12 Months Ended
Dec. 25, 2021
Debt Securities, Available-for-sale [Line Items]  
Investment [Table Text Block]
(In Millions)
Dec 25, 2021 Dec 26, 2020
Marketable equity securities
$ 2,171  $ 1,830 
Non-marketable equity securities
4,111  3,304 
Equity method investments
16  18 
Total $ 6,298  $ 5,152 
Gain (Loss) on Securities [Table Text Block]
The components of gains (losses) on equity investments, net for each period were as follows:
Years Ended (In Millions) Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Ongoing mark-to-market adjustments on marketable equity securities
$ (130) $ (133) $ 277 
Observable price adjustments on non-marketable equity securities 750  176  293 
Impairment charges (154) (303) (122)
Sale of equity investments and other 1
2,263  2,164  1,091 
Total gains (losses) on equity investments, net $ 2,729  $ 1,904  $ 1,539 
1    Sale of equity investments and other includes initial fair value adjustments recorded upon a security becoming marketable, realized gains (losses) on sales of non-marketable equity investments, and our share of equity method investee gains (losses) and distributions.
ains and losses for our marketable and non-marketable equity securities during each period were as follows:
(In Millions) Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Net gains (losses) recognized during the period on equity securities $ 1,210  $ 1,679  $ 734 
Less: Net (gains) losses recognized during the period on equity securities sold during the period (259) (254) (424)
Net unrealized gains (losses) recognized during the period on equity securities still held at the reporting date $ 951  $ 1,425  $ 310 
Available-for-sale Securities [Member]  
Debt Securities, Available-for-sale [Line Items]  
Investments Classified by Contractual Maturity Date [Table Text Block]
The fair values of available-for-sale debt investments by contractual maturity as of December 25, 2021 were as follows:
(In Millions) Fair Value
Due in 1 year or less $ 2,931 
Due in 1–2 years 559 
Due in 2–5 years 281 
Due after 5 years — 
Instruments not due at a single maturity date 1,216 
Total $ 4,987