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Financial Instruments (Tables) - USD ($)
$ in Millions
12 Months Ended
Dec. 27, 2025
Dec. 28, 2024
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 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$874 $879 $— $— 
Long-term debt, net of current portion$2,348 $2,246 $1,721 $1,543 
 
Fair Value, by Balance Sheet Grouping [Table Text Block]
Financial Instruments Recorded at Fair Value on a Recurring Basis
December 27, 2025December 28, 2024
(In millions)Level 1Level 2
Level 3
TotalLevel 1Level 2
Level 3
Total
Cash equivalents
Money market funds$620 $— $— $620 $1,496 $— $— $1,496 
Corporate debt securities— 1,869 — 1,869 — 806 — 806 
U.S. government and agency securities1,148 300 — 1,448 130 — — 130 
Non-U.S. government and agency securities— 245 — 245 — 116 — 116 
Time deposits and certificates of deposits— 173 — 173 — 107 — 107 
Short-term investments
Corporate debt securities— 3,107 — 3,107 — 814 — 814 
U.S. government and agency securities901 718 — 1,619 332 82 — 414 
Non-U.S. government and agency securities— 256 — 256 — 79 — 79 
Time deposits and certificates of deposits— 10 — 10 — 10 — 10 
Asset-backed and mortgage-backed securities— 22 — 22 — 28 — 28 
Other non-current assets
Long-term investments198 — 202 400 — — 25 25 
Deferred compensation plan investments257 — — 257 197 — — 197 
Total assets measured at fair value$3,124 $6,700 $202 $10,026 $2,155 $2,042 $25 $4,222 
 
Investments Classified by Contractual Maturity Date
The contractual maturities of investments classified as available-for-sale are as follows:
December 27, 2025December 28, 2024
Amortized CostFair ValueAmortized CostFair Value
(In millions)(In millions)
Due within 1 year$6,528 $6,528 $2,073 $2,073 
Due in 1 year through 5 years2,195 2,199 406 405 
Due in 5 years and later23 22 27 26 
$8,746 $8,749 $2,506 $2,504 
 
Investment Holdings, Schedule of Investments
The following is a summary of cash equivalents and short-term investments:
December 27, 2025December 28, 2024
Cost/ Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueCost/ Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
(in millions)(in millions)
Money market funds$620 $— $— $620 $1,496 $— $— $1,496 
Corporate debt securities4,974 — 4,976 1,621 — (1)1,620 
U.S. government and agency securities3,065 — 3,067 544 — — 544 
Non-U.S. government and agency securities501 — — 501 195 — — 195 
Time deposits and certificates of deposits183 — — 183 117 — — 117 
Asset-backed and mortgage-backed securities23 — (1)22 30 — (2)28 
$9,366 $$(1)$9,369 $4,003 $— $(3)$4,000 
 
Fair Value, Recurring    
Schedule of Investments [Line Items]    
Assets, Fair Value Disclosure $ 10,026 $ 4,222
Level 2    
Schedule of Investments [Line Items]    
Assets, Fair Value Disclosure 6,700 2,042
Level 1    
Schedule of Investments [Line Items]    
Assets, Fair Value Disclosure 3,124 2,155
Short-term Investments | Fair Value, Recurring | Commercial Paper    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 3,107 814
Short-term Investments | Fair Value, Recurring | Bank Time Deposits [Member]    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 10 10
Short-term Investments | Level 2 | Fair Value, Recurring | Commercial Paper    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 3,107 814
Short-term Investments | Level 2 | Fair Value, Recurring | Bank Time Deposits [Member]    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 10 10
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