XML 44 R30.htm IDEA: XBRL DOCUMENT v3.25.3
Financial Instruments (Tables)
 9 Months Ended
Sep. 27, 2025
Investments, Debt and Equity Securities [Abstract]  
Fair Value, Assets Measured on Recurring Basis
Financial Instruments Recorded at Fair Value on a Recurring Basis
September 27, 2025December 28, 2024
(In millions)Level 1Level 2
Level 3
TotalLevel 1Level 2Level 3Total
Cash equivalents
Money market funds$732 $— $— $732 $1,496 $— $— $1,496 
Corporate debt securities— 1,733 — 1,733 — 806 — 806 
U.S. government and agency securities312 400 — 712 130 — — 130 
Non-U.S. government and agency securities— 165 — 165 — 116 — 116 
Time deposits and certificates of deposits— 179 — 179 — 107 — 107 
Short-term investments
Corporate debt securities— 1,525 — 1,525 — 814 — 814 
U.S. government and agency securities643 73 — 716 332 82 — 414 
Non-U.S. government and agency securities— 161 — 161 — 79 — 79 
Time deposits and certificates of deposits— 10 — 10 — 10 — 10 
Asset-backed and mortgage-backed securities— 23 — 23 — 28 — 28 
Other non-current assets
Deferred compensation plan and other investments238 — 121 359 197 — 25 222 
Time deposits and certificates of deposits— — — — — 1 — 1 
Total assets measured at fair value$1,925 $4,269 $121 $6,315 $2,155 $2,043 $25 $4,223 
Accrued liabilities
Contingent consideration liability$— $— $413 $413 $— $— $— $— 
Total liabilities measured at fair value$— $— $413 $413 $— $— $— $— 
Summary of Investment Holdings, Schedule of Investments
The following is a summary of cash equivalents and short-term investments:
September 27, 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)
Money market funds$732 $— $— $732 $1,496 $— $— $1,496 
Corporate debt securities3,256 2 — 3,258 1,621 — (1)1,620 
U.S. government and agency securities1,427 1 — 1,428 544 — — 544 
Non-U.S. government and agency securities326 — — 326 195 — — 195 
Time deposits and certificates of deposits189 — — 189 117 — — 117 
Asset-backed and mortgage-backed securities24 — (1)23 30 — (2)28 
$5,954 $3 $(1)$5,956 $4,003 $— $(3)$4,000 
Investments Classified by Contractual Maturity Date
The contractual maturities of investments classified as available-for-sale are as follows:
September 27, 2025December 28, 2024
Amortized CostFair ValueAmortized CostFair Value
(In millions)(In millions)
Due within 1 year$4,311 $4,312 $2,073 $2,073 
Due in 1 year through 5 years887 889 406 405 
Due in 5 years and later24 23 27 26 
$5,222 $5,224 $2,506 $2,504 
Financial Instruments Not Recorded at Fair Value
The carrying amounts and estimated fair values of the Company’s current and long-term debt are as follows:
 September 27, 2025December 28, 2024
 Carrying
Amount		Estimated
Fair Value		Carrying
Amount		Estimated
Fair Value
(In millions)(In millions)
Current portion of long-term debt, net
$873 $880 $— $— 
Long-term debt
$2,347 $2,242 $1,721 $1,543