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Financial Instruments (Tables) - USD ($)
$ in Millions
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Schedule of Investments [Line Items]    
Financial Instruments Not Recorded at Fair Value on a Recurring Basis
The carrying amounts and estimated fair values of the Company’s long-term debt are as follows:
 December 28, 2024December 30, 2023
 Carrying
Amount
Estimated
Fair Value
Carrying
Amount
Estimated
Fair Value
 (In millions)(In millions)
Current portion of long-term debt, net$— $— $751 $741 
Long-term debt, net of current portion$1,721 $1,543 $1,717 $1,630 
 
Fair Value, by Balance Sheet Grouping [Table Text Block]
Financial Instruments Recorded at Fair Value on a Recurring Basis
December 28, 2024December 30, 2023
(In millions)Level 1Level 2
Level 3
TotalLevel 1Level 2Total
Cash equivalents
Money market funds$1,496 $— $— $1,496 $969 $— $969 
Corporate debt securities— 806 — 806 — 753 753 
U.S. government and agency securities130 — — 130 1,252 — 1,252 
Non-U.S. government and agency securities— 116 — 116 — 135 135 
Time deposits and certificates of deposits— 107 — 107 — 205 205 
Short-term investments
Corporate debt securities— 814 — 814 — 506 506 
Time deposits and certificates of deposits— 10 — 10 — 
Asset-backed and mortgage-backed securities— 28 — 28 — 34 34 
U.S. government and agency securities332 82 — 414 1,209 28 1,237 
Non-U.S. government and agency securities— 79 — 79 — 54 54 
Other non-current assets
Time deposits and certificates of deposits— — — 
Deferred compensation plan and other investments197 — 25 222 133 — 133 
Total assets measured at fair value$2,155 $2,043 $25 $4,223 $3,563 $1,725 $5,288 
 
Investments Classified by Contractual Maturity Date
The contractual maturities of investments classified as available-for-sale are as follows:
December 28, 2024December 30, 2023
Amortized CostFair ValueAmortized CostFair Value
(In millions)(In millions)
Due within 1 year$2,073 $2,073 $3,792 $3,792 
Due in 1 year through 5 years406 405 361 364 
Due in 5 years and later27 26 32 30 
$2,506 $2,504 $4,185 $4,186 
 
Investment Holdings, Schedule of Investments
The following is a summary of cash equivalents and short-term investments:
December 28, 2024December 30, 2023
Cost/ Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueCost/ Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
(in millions)(in millions)
Asset-backed and mortgage-backed securities$30 $— $(2)$28 $35 $— $(2)$33 
Corporate debt securities1,621 — (1)1,620 1,259 — — 1,259 
Money market funds1,496 — — 1,496 969 — — 969 
Time deposits and certificates of deposits117 — — 117 214 — — 214 
U.S. government and agency securities544 — — 544 2,487 — 2,490 
Non-U.S. government and agency securities195 — — 195 189 — — 189 
$4,003 $— $(3)$4,000 $5,153 $$(2)$5,154 
 
Fair Value, Recurring    
Schedule of Investments [Line Items]    
Assets, Fair Value Disclosure $ 4,223 $ 5,288
Level 2    
Schedule of Investments [Line Items]    
Assets, Fair Value Disclosure 2,043 1,725
Level 1    
Schedule of Investments [Line Items]    
Assets, Fair Value Disclosure 2,155 3,563
Short-term Investments | Fair Value, Recurring | Commercial Paper    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 814 506
Short-term Investments | Fair Value, Recurring | Bank Time Deposits [Member]    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 10 9
Short-term Investments | Level 2 | Fair Value, Recurring | Commercial Paper    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 814 506
Short-term Investments | Level 2 | Fair Value, Recurring | Bank Time Deposits [Member]    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 10 9
Short-term Investments | Level 1 | Fair Value, Recurring | Commercial Paper    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 0 0
Short-term Investments | Level 1 | Fair Value, Recurring | Bank Time Deposits [Member]    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 0 0
Other Noncurrent Assets | Fair Value, Recurring | Bank Time Deposits [Member]    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 1 1
Other Noncurrent Assets | Level 2 | Fair Value, Recurring | Bank Time Deposits [Member]    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 1 1
Other Noncurrent Assets | Level 1 | Fair Value, Recurring | Bank Time Deposits [Member]    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure $ 0 $ 0