Investments (Tables)

6 Months Ended

Jun. 29, 2024

Investments, Debt and Equity Securities [Abstract]

Investments Classified by Contractual Maturity Date [Table Text Block]

The fair value of marketable debt investments, by contractual maturity, as of June 29, 2024, was as follows:

(In Millions)	Fair Value
Due in 1 year or less	$	11,498
Due in 1–2 years	1,987
Due in 2–5 years	6,141
Due after 5 years	241
Instruments not due at a single maturity date1	5,396
Total	$	25,263

1 Instruments not due at a single maturity date is comprised of money market fund deposits, which are classified as either short-term investments or cash and cash equivalents.

Investment [Table Text Block]

(In Millions)	Jun 29, 2024		Dec 30, 2023
Marketable equity securities1	$	1,246	$	1,194
Non-marketable equity securities	4,574		4,630
Equity method investments	4		5
Total	$	5,824	$	5,829

1    Substantially all of our marketable equity securities are subject to trading-volume or market-based restrictions, which limit the number of shares we may sell in a specified period of time, impacting our ability to liquidate these investments. Certain of the trading volume restrictions generally apply for as long as we own more than 1% of the outstanding shares. Market-based restrictions result from the rules of the respective exchange.

Gain (Loss) on Securities [Table Text Block]

The components of gains (losses) on equity investments, net for each period were as follows:

	Three Months Ended				Six Months Ended
(In Millions)	Jun 29, 2024		Jul 1, 2023		Jun 29, 2024		Jul 1, 2023
Ongoing mark-to-market adjustments on marketable equity securities	$	(43)	$	(85)	$	(134)	$	103
Observable price adjustments on non-marketable equity securities	25		—		49		10
Impairment charges	(91)		(38)		(159)		(74)
Sale of equity investments and other1	(11)		99		329		106
Total gains (losses) on equity investments, net	$	(120)	$	(24)	$	85	$	145

1 Sale of equity investments and other includes initial fair value adjustments recorded upon a security becoming marketable, realized gains (losses) on sales of non-marketable equity investments and equity method investments, and our share of equity method investee gains (losses) and distributions.