Fair Value (Tables)

9 Months Ended

Oct. 01, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis

	Oct 1, 2022								Dec 25, 2021
	Fair Value Measured and Recorded at Reporting Date Using								Fair Value Measured and Recorded at Reporting Date Using
(In Millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
Corporate debt	$	—	$	103	$	—	$	103	$	—	$	65	$	—	$	65
Financial institution instruments¹	644		1,431		—		2,075		1,216		763		—		1,979
Reverse repurchase agreements	—		1,750		—		1,750		—		1,595		—		1,595
Short-term investments:
Corporate debt	—		6,457		—		6,457		—		6,367		—		6,367
Financial institution instruments¹	217		5,615		—		5,832		154		5,162		—		5,316
Government debt²	48		5,693		—		5,741		50		12,693		—		12,743
Other current assets:
Derivative assets	—		2,003		—		2,003		80		576		—		656
Loans receivable³	—		—		—		—		—		152		—		152
Marketable equity securities4	1,100		85		—		1,185		1,854		317		—		2,171
Other long-term assets:
Derivative assets	—		10		—		10		—		772		7		779
Loans receivable³	—		48		—		48		—		57		—		57
Total assets measured and recorded at fair value	$	2,009	$	23,195	$	—	$	25,204	$	3,354	$	28,519	$	7	$	31,880
Liabilities
Other accrued liabilities:
Derivative liabilities	$	151	$	1,386	$	—	$	1,537	$	4	$	516	$	—	$	520
Other long-term liabilities:
Derivative liabilities	—		689		89		778		—		9		—		9
Total liabilities measured and recorded at fair value	$	151	$	2,075	$	89	$	2,315	$	4	$	525	$	—	$	529

1Level 1 investments consist of money market funds. Level 2 investments consist primarily of commercial paper, certificates of deposit, time deposits, and notes and bonds issued by financial institutions.

2Level 1 investments consist primarily of U.S. Treasury securities. Level 2 investments consist primarily of U.S. agency notes and non-U.S. government debt.

3The fair value of our loans receivable for which we elected the fair value option did not significantly differ from the contractual principal balance.

4Level 2 investments consist of marketable equity securities subject to security-specific restrictions.