Fair Value Measurements (Tables)

6 Months Ended

Jun. 24, 2016

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 these investments was $335 million and $920 million as of June 24, 2016 and December 25, 2015, respectively.

	June 24, 2016								December 25, 2015
(Dollars in Millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Certificates of Deposit and Commercial Paper	$	—	$	260	$	—	$	260	$	—	$	810	$	—	$	810
Corporate Bonds	—		61		—		61		—		73		—		73
Government Securities	—		16		—		16		—		32		—		32
Auction Rate Securities	—		—		—		—		—		—		4		4
Total investments at fair value	$	—	$	337	$	—	$	337	$	—	$	915	$	4	$	919

Schedule of Investment Maturities

These investments have the following maturities:

(Dollars in millions)	June 24, 2016		December 25, 2015
Less than 1 year	$	262	$	810
1 - 2 years	7		9
2 - 5 years	3		27
Greater than 5 years	65		73
Total	$	337	$	919

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)	June 24, 2016		December 25, 2015
Long-term Debt (Including Current Maturities):
Fair Value	$	12,174	$	11,340
Carrying Value	10,537		10,535