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Fair Value Measurements (Tables)
12 Months Ended
Dec. 28, 2012
Fair Value Disclosures [Abstract]  
Schedule of fair value of investment assets
The Company's investment assets are carried at fair value on the consolidated balance sheets as summarized in the table below. Additionally, the amortized cost basis of investments was $742 million and $643 million as of December 28, 2012 and December 30, 2011, respectively.

 
Fiscal Years
 
2012
 
2011
(Dollars in Millions)
Level 1
Level 2
Level 3
Total
 
Level 1
Level 2
Level 3
Total
Certificates of Deposit
$
—

$
555

$
—

$
555

 
$
—

$
477

$
—

$
477

Corporate Bonds
—

142

—

142

 
—

98

—

98

U.S. Treasury Obligations
—

31

—

31

 
—

53

—

53

Auction Rate Securities
—

—

15

15

 
—

—

15

15

Total investments at fair value
$
—

$
728

$
15

$
743

 
$
—

$
628

$
15

$
643

Schedule of investment maturities
These investments have the following maturities:

(Dollars in Millions)
 
December 2012
 
December 2011
Less than 1 year
 
$
587

 
$
523

1 - 2 years
 
61

 
32

2 - 5 years
 
76

 
73

Greater than 5 years
 
19

 
15

Total investments at fair value
 
$
743

 
$
643

Schedule of fair value and carrying value of long-term debt
The fair value and carrying value of the Company's long-term debt is as follows:

(Dollars in Millions)
 
December 2012
 
December 2011
Long-term Debt (Including Current Maturities):
 
 
 
 
Fair Value
 
$
11,562

 
$
10,708

Carrying Value
 
$
9,832

 
$
9,241


Schedule of pension plan assets at fair value by level
The pension plan assets at fair value by level, within the fair value hierarchy, as of calendar plan years 2012 and 2011:
 
 
Fiscal Years
 
 
2012
 
2011
(Dollars in Millions)
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Common Stock:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Information technology
 
$
169

 
$
—

 
$
—

 
$
169

 
$
137

 
$
—

 
$
—

 
$
137

Consumer discretionary
 
125

 
—

 
—

 
125

 
88

 
—

 
—

 
88

Health care
 
96

 
—

 
—

 
96

 
70

 
—

 
—

 
70

Financials
 
83

 
—

 
—

 
83

 
53

 
—

 
—

 
53

Industrials
 
78

 
—

 
—

 
78

 
65

 
—

 
—

 
65

Energy
 
58

 
—

 
—

 
58

 
61

 
—

 
—

 
61

Consumer staples
 
55

 
—

 
—

 
55

 
42

 
—

 
—

 
42

Materials
 
25

 
—

 
—

 
25

 
24

 
—

 
—

 
24

Other
 
33

 
—

 
—

 
33

 
16

 
—

 
—

 
16

Mutual funds
 
17

 
—

 
—

 
17

 
15

 
—

 
—

 
15

Corporate bonds
 
—

 
606

 
—

 
606

 
—

 
595

 
—

 
595

Common trust funds
 
—

 
426

 
—

 
426

 
—

 
367

 
—

 
367

Partnerships
 
—

 
296

 
—

 
296

 
—

 
175

 
—

 
175

Government securities
 
—

 
178

 
—

 
178

 
—

 
126

 
—

 
126

Asset-backed securities
 
—

 
28

 
—

 
28

 
—

 
10

 
—

 
10

Cash equivalents
 
—

 
20

 
—

 
20

 
—

 
—

 
—

 
—

Derivatives and other
 
—

 
1

 
—

 
1

 
—

 
6

 
—

 
6

    Total investments at
    fair value
 
$
739

 
$
1,555

 
$
—

 
$
2,294

 
$
571

 
$
1,279

 
$
—

 
$
1,850