Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2017

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. All of the inputs used to determine the fair value of the Company's investments are Level 2 inputs. The amortized cost basis of these investments was $369 million and $500 million as of March 31, 2017 and December 30, 2016, respectively.

NOTE 9. Fair Value Measurements, continued



(Dollars in Millions)	March 31, 2017		December 30, 2016
Certificates of Deposit and Commercial Paper	$	285	$	415
Corporate Bonds	64		63
Government Securities	22		22
Total investments at fair value	$	371	$	500

Schedule of Investment Maturities

These investments have the following maturities:



(Dollars in millions)	March 31, 2017		December 30, 2016
Less than 1 year	$	287	$	417
1 - 2 years	12		12
2 - 5 years	6		4
Greater than 5 years	66		67
Total investments at fair value	$	371	$	500

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)	March 31, 2017		December 30, 2016
Long-term Debt (Including Current Maturities):
Fair Value	$	12,055	$	12,096
Carrying Value	11,294		11,293