Quarterly report [Sections 13 or 15(d)]

Fair Value (Tables)

v3.25.2
Fair Value (Tables)
 6 Months Ended
Jun. 28, 2025
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
Jun 28, 2025 Dec 28, 2024
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 $ —  $ 1,125  $ —  $ 1,125  $ —  $ —  $ —  $ — 
Financial institution instruments¹ 3,017  1,567  —  4,584  4,121  743  —  4,864 
Reverse repurchase agreements —  3,204  —  3,204  —  2,654  —  2,654 
Short-term investments:
Corporate debt —  6,112  —  6,112  —  5,365  —  5,365 
Financial institution instruments¹ 148  3,165  —  3,313  195  3,356  —  3,551 
Government debt² 44  2,094  —  2,138  33  4,864  —  4,897 
Other current assets:
Derivative assets 143  836  —  979  348  733  —  1,081 
Marketable equity investments 467  —  —  467  848  —  —  848 
Other long-term assets:
Derivative assets —  4  —  4  —  1  —  1 
Total assets measured and recorded at fair value $ 3,819  $ 18,107  $ —  $ 21,926  $ 5,545  $ 17,716  $ —  $ 23,261 
Liabilities
Other accrued liabilities:
Derivative liabilities $ —  $ 390  $ 124  $ 514  $ —  $ 562  $ 134  $ 696 
Other long-term liabilities:
Derivative liabilities³ —  188  755  943  —  416  755  1,171 
Total liabilities measured and recorded at fair value $ —  $ 578  $ 879  $ 1,457  $ —  $ 978  $ 889  $ 1,867 
1Level 1 investments consist of money market funds. Level 2 investments consist primarily of time deposits, notes, and bonds issued by financial institutions.
2Level 1 investments consist primarily of US Treasury securities. Level 2 investments consist primarily of non-US government debt.
3Level 3 derivative liabilities include liquidated damage provisions related to our Ireland SCIP arrangement.