Commitments and Contingencies

3 Months Ended

Mar. 29, 2025

Commitments and Contingencies Disclosure [Abstract]

Contingencies

Commitments and Contingencies

Commitments     

The Company’s purchase commitments primarily include obligations to purchase wafers and substrates from third parties, and obligations for future payments related to: multi-year cloud service provider, software, technology and IP license agreements. These purchase obligations were made under noncancellable purchase orders and contractual obligations requiring minimum purchases for which cancellation would lead to significant penalties.

Total future unconditional purchase commitments as of March 29, 2025 were as follows:

Fiscal Year	(In millions)
Remainder of 2025	$	5,605
2026	884
2027	651
2028	647
2029	426
2030 and thereafter	35
Total unconditional purchase commitments	$	8,248

On an ongoing basis, the Company works with suppliers and partners on timing of payments and deliveries of purchase commitments, taking into account business conditions.

Contingencies

During the quarterly period ended March 29, 2025, there were no material legal proceedings. The Company is a defendant or plaintiff in various actions that arose in the normal course of business. With respect to these matters, based on management’s current knowledge, the Company believes that the amount or range of reasonably possible loss, if any, will not, either individually or in the aggregate, have a material adverse effect on the Company’s financial position, results of operations, or cash flows.