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Financial Instruments (Tables)
 6 Months Ended
Jun. 28, 2025
Investments, Debt and Equity Securities [Abstract]  
Fair Value, Assets Measured on Recurring Basis
Financial Instruments Recorded at Fair Value on a Recurring Basis
June 28, 2025December 28, 2024
(In millions)Level 1Level 2
Level 3
TotalLevel 1Level 2Level 3Total
Cash equivalents
Money market funds$2,025 $— $— $2,025 $1,496 $— $— $1,496 
Corporate debt securities— 1,161 — 1,161 — 806 — 806 
U.S. government and agency securities126 — — 126 130 — — 130 
Non-U.S. government and agency securities— 145 — 145 — 116 — 116 
Time deposits and certificates of deposits— 166 — 166 — 107 — 107 
Short-term investments
Corporate debt securities— 902 — 902 — 814 — 814 
Time deposits and certificates of deposits— 10 — 10 — 10 — 10 
Asset-backed and mortgage-backed securities— 24 — 24 — 28 — 28 
U.S. government and agency securities353 89 — 442 332 82 — 414 
Non-U.S. government and agency securities— 47 — 47 — 79 — 79 
Other non-current assets
Time deposits and certificates of deposits— — — — — 1 — 1 
Deferred compensation plan and other investments219 — 161 380 197 — 25 222 
Total assets measured at fair value$2,723 $2,544 $161 $5,428 $2,155 $2,043 $25 $4,223 
Accrued liabilities
Contingent consideration liability$— $— $396 $396 $— $— $— $— 
Total liabilities measured at fair value$— $— $396 $396 $— $— $— $— 
Summary of Investment Holdings, Schedule of Investments
The following is a summary of cash equivalents and short-term investments:
June 28, 2025December 28, 2024
Cost/ Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair
Value		Cost/ Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair
Value
(in millions)(in millions)
Asset-backed and mortgage-backed securities$26 $— $(2)$24 $30 $— $(2)$28 
Corporate debt securities2,063 1 — 2,064 1,621 — (1)1,620 
Money market funds2,025 — — 2,025 1,496 — — 1,496 
Time deposits and certificates of deposits176 — — 176 117 — — 117 
U.S. government and agency securities567 1 — 568 544 — — 544 
Non-U.S. government and agency securities192 — — 192 195 — — 195 
$5,049 $2 $(2)$5,049 $4,003 $— $(3)$4,000 
Investments Classified by Contractual Maturity Date
The contractual maturities of investments classified as available-for-sale are as follows:
June 28, 2025December 28, 2024
Amortized CostFair ValueAmortized CostFair Value
(In millions)(In millions)
Due within 1 year$2,505 $2,506 $2,073 $2,073 
Due in 1 year through 5 years494 495 406 405 
Due in 5 years and later25 23 27 26 
$3,024 $3,024 $2,506 $2,504 
Financial Instruments Not Recorded at Fair Value
The carrying amounts and estimated fair values of the Company’s long-term debt are as follows:
 June 28, 2025December 28, 2024
 Carrying
Amount		Estimated
Fair Value		Carrying
Amount		Estimated
Fair Value
(In millions)(In millions)
Long-term debt
$3,218 $3,092 $1,721 $1,543