Borrowings (Tables)

12 Months Ended

Dec. 25, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

Long-Term Debt

	Dec 25, 2021			Dec 26, 2020
(In Millions)	Effective Interest Rate	Amount		Amount
Floating-rate senior note:
Three-month LIBOR plus 0.35%, due May 2022	0.55%	$	800	$	800
Fixed-rate senior notes:
1.70%, due May 2021	—%	—		500
3.30%, due October 2021	—%	—		2,000
2.35%, due May 2022	1.96%	750		750
3.10%, due July 2022	2.70%	1,000		1,000
4.00%, due December 20221	2.96%	398		417
2.70%, due December 2022	2.28%	1,500		1,500
4.10%, due November 2023	3.22%	400		400
2.88%, due May 2024	2.31%	1,250		1,250
2.70%, due June 2024	2.14%	600		600
3.40%, due March 2025	3.45%	1,500		1,500
3.70%, due July 2025	2.16%	2,250		2,250
2.60%, due May 2026	0.63%	1,000		1,000
3.75%, due March 2027	3.79%	1,000		1,000
3.15%, due May 2027	1.21%	1,000		1,000
1.60%, due August 2028	1.68%	1,000		—
2.45%, due November 2029	2.39%	2,000		2,000
3.90%, due March 2030	3.93%	1,500		1,500
2.00%, due August 2031	2.04%	1,250		—
4.00%, due December 2032	1.24%	750		750
4.60%, due March 2040	4.61%	750		750
2.80%, due August 2041	2.82%	750		—
4.80%, due October 2041	2.01%	802		802
4.25%, due December 2042	1.42%	567		567
4.90%, due July 2045	2.13%	772		772
4.10%, due May 2046	1.40%	1,250		1,250
4.10%, due May 2047	1.37%	1,000		1,000
4.10%, due August 2047	0.92%	640		640
3.73%, due December 2047	1.77%	1,967		1,967
3.25%, due November 2049	3.20%	2,000		2,000
4.75%, due March 2050	4.74%	2,250		2,250
3.05%, due August 2051	3.07%	1,250		—
3.10%, due February 2060	3.11%	1,000		1,000
4.95%, due March 2060	4.99%	1,000		1,000
3.20%, due August 2061	3.22%	750		—
Oregon and Arizona bonds:
2.40% - 2.70%, due December 2035 - 2040	2.49%	423		423
5.00%, due March 2049	2.13%	138		138
5.00%, due June 2049	2.15%	438		438
Total senior notes and other borrowings		37,695		35,214
Unamortized premium/discount and issuance costs		(405)		(378)
Hedge accounting fair value adjustments		811		1,565
Long-term debt		38,101		36,401
Current portion of long-term debt		(4,591)		(2,504)
Total long-term debt		$	33,510	$	33,897

1To manage foreign currency risk associated with the Australian-dollar-denominated notes issued in 2015, we entered into currency interest rate swaps with an aggregate notional amount of $396 million at December 25, 2021, which effectively converted these notes to US-dollar-denominated notes. For further discussion on derivatives in cash flow hedging relationships, see "Note 16: Derivative Financial Instruments." Principal and unamortized discount/issuance costs for the Australian-dollar-denominated notes in the table above were calculated using foreign currency exchange rates as of December 25, 2021 and December 26, 2020.

Schedule of Maturities of Long-term Debt [Table Text Block]

Our aggregate debt maturities, excluding commercial paper and drafts payable, based on outstanding principal as of December 25, 2021, by year payable, are as follows:

(In Millions)	2022		2023		2024		2025		2026		2027 and thereafter		Total
	$	4,586	$	400	$	1,850	$	3,750	$	1,000	$	26,109	$	37,695