Fair Value (Tables)

6 Months Ended

Jul. 02, 2011

Assets/Liabilities Measured and Recorded at Fair Value on a Recurring Basis (Types of Instruments) [Text Block]

Assets and liabilities measured and recorded at fair value on a recurring basis consisted of the following types of instruments as of July 2, 2011 and December 25, 2010:

		July 2, 2011								December 25, 2010
		Fair Value Measured and								Fair Value Measured and
		Recorded at Reporting Date Using								Recorded at Reporting Date Using
(In Millions)		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
	Commercial paper	$	—	$	2,272	$	—	$	2,272	$	—	$	2,600	$	—	$	2,600
	Bank deposits		—		889		—		889		—		560		—		560
	Money market fund deposits		550		—		—		550		34		—		—		34
	Government bonds		465		—		—		465		1,279		505		—		1,784
Short-term investments:
	Commercial paper		—		1,505		—		1,505		—		2,712		—		2,712
	Corporate bonds		107		693		8		808		121		1,378		1		1,500
	Government bonds		125		451		—		576		4,890		1,320		—		6,210
	Bank deposits		—		210		—		210		—		858		—		858
	Asset-backed securities		—		—		7		7		—		—		14		14
Trading assets:
	Government bonds		230		1,722		—		1,952		311		2,115		—		2,426
	Corporate bonds		204		738		—		942		199		916		—		1,115
	Municipal bonds		—		350		—		350		—		375		—		375
	Commercial paper		—		305		—		305		—		488		—		488
	Asset-backed securities		—		—		146		146		—		—		190		190
	Bank deposits		—		69		—		69		—		108		—		108
	Money market fund deposits		32		—		—		32		3		—		—		3
	Marketable equity securities		10		—		—		10		388		—		—		388
Other current assets:
	Marketable equity securities
	Derivative assets		—		209		—		209		—		330		—		330
	Loans receivable		—		36		—		36		—		—		—		—
Marketable equity securities			841		51		—		892		785		223		—		1,008
Other long-term investments:
	Corporate bonds		73		404		57		534		104		601		50		755
	Government bonds		—		351		—		351		83		2,002		—		2,085
	Bank deposits		—		55		—		55		—		133		—		133
	Asset-backed securities		—		—		52		52		—		—		53		53
Other long-term assets:
	Loans receivable		—		651		—		651		—		642		—		642
	Derivative assets		—		2		29		31		—		19		31		50
Total assets measured and
	recorded at fair value	$	2,637	$	10,963	$	299	$	13,899	$	8,197	$	17,885	$	339	$	26,421

Liabilities
Other accrued liabilities:
	Derivative liabilities	$	—	$	166	$	6	$	172	$	—	$	201	$	7	$	208
Long-term debt			—		—		128		128		—		—		128		128
Other long-term liabilities:
	Derivative liabilities		—		85		—		85		—		47		—		47
Total liabilities measured and
	recorded at fair value	$	—	$	251	$	134	$	385	$	—	$	248	$	135	$	383

Assets/Liabilities Measured and Recorded at Fair Value on a Recurring Basis (Significant Unobservable Inputs [Level 3]) [Text Block]

The tables below present reconciliations for all assets and liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3) for the six months ended July 2, 2011 and for the twelve months ended December 25, 2010:

		Fair Value Measured and Recorded Using
		Significant Unobservable Inputs (Level 3)
		Corporate		Asset-Backed		Derivative		Derivative		Long-term		Total Gains
(In Millions)		Bonds		Securities		Assets		Liabilities		Debt		(Losses)
Balance as of December 25, 2010		$	51	$	257	$	31	$	(7)	$	(128)
Total gains or losses (realized and unrealized):
	Included in earnings		—		(1)		(2)		1		—		(2)
	Included in other comprehensive income (loss)		7		(1)		—		—		—		6
Purchases			12		13		3		—		—
Settlements and maturities			(5)		(63)		—		—		—
Transfers out of Level 3			—		—		(3)		—		—
Balance as of July 2, 2011		$	65	$	205	$	29	$	(6)	$	(128)

Changes in unrealized gains or losses included in
	earnings related to assets and liabilities still held
	as of July 2, 2011	$	—	$	(1)	$	(2)	$	1	$	—	$	(2)

		Fair Value Measured and Recorded Using
		Significant Unobservable Inputs (Level 3)
		Corporate		Asset-Backed		Derivative		Derivative		Long-term		Total Gains
(In Millions)		Bonds		Securities		Assets		Liabilities		Debt		(Losses)
Balance as of December 26, 2009		$	369	$	754	$	31	$	(65)	$	(123)
Total gains or losses (realized and unrealized):
	Included in earnings		(2)		6		(3)		(2)		(5)		(6)
	Included in other comprehensive income (loss)		4		9		—		—		—		13
Purchases			6		—		7		—		—
Sales			(44)		(28)		(4)		—		—
Settlements and maturities			(75)		(484)		—		—		—
Transfers out of Level 3			(207)		—		—		60		—
Balance as of December 25, 2010		$	51	$	257	$	31	$	(7)	$	(128)

Changes in unrealized gains or losses included in
	earnings related to assets and liabilities still held
	as of December 25, 2010	$	—	$	6	$	(4)	$	(1)	$	(5)	$	(4)

Assets Measured and Recorded at Fair Value on a Non-Recurring Basis [Text Block]

Our non-marketable equity investments and non-financial assets, such as intangible assets and property, plant and equipment, are recorded at fair value only if an impairment charge is recognized. The following table presents the financial instruments and non-financial assets that were measured and recorded at fair value on a non-recurring basis during the six months ended July 2, 2011, and the gains (losses) recorded during the three and six months ended July 2, 2011 on those assets:

										Total Gains		Total Gains
										(Losses) for		(Losses) for
		Net Carrying								Three Months		Six Months
		Value as of		Fair Value Measured and Recorded Using						Ended		Ended
(In Millions)		July 2, 2011		Level 1		Level 2		Level 3		July 2, 2011		July 2, 2011
Non-marketable equity investments		$	37	$	—	$	—	$	37	$	(8)	$	(22)
Property, plant and equipment		$	—	$	—	$	—	$	—	$	—	$	(10)
Total gains (losses) for assets held
	as of July 2, 2011									$	(8)	$	(32)

Gains (losses) for non-marketable equity
Gains (losses) for property, plant and equipment
	no longer held									$	(19)	$	(45)
Total gains (losses) for recorded non-recurring
	measurement									$	(27)	$	(77)

The following table presents the financial instruments and non-financial assets that were measured and recorded at fair value on a non-recurring basis during the six months ended June 26, 2010, and the gains (losses) recorded during the three and six months ended June 26, 2010 on those assets:

										Total Gains		Total Gains
										(Losses) for		(Losses) for
		Net Carrying								Three Months		Six Months
		Value as of		Fair Value Measured and Recorded Using						Ended		Ended
(In Millions)		June 26, 2010		Level 1		Level 2		Level 3		June 26, 2010		June 26, 2010
Non-marketable equity investments		$	126	$	—	$	—	$	130	$	(17)	$	(63)
Total gains (losses) for assets held
	as of June 26, 2010									$	(17)	$	(63)

Gains (losses) for property, plant and equipment
	no longer held									$	(7)	$	(40)
Gains (losses) for non-marketable equity
Total gains (losses) for recorded non-recurring
	measurement									$	(24)	$	(103)

Financial Instruments Not Recorded at Fair Value on a Recurring Basis [Text Block]

We measure the fair value of our non-marketable equity investments, marketable equity method investment, debt carried at amortized cost, and cost method loans receivable quarterly for disclosure purposes; however, they are recorded at fair value only when an impairment charge is recognized. The carrying amounts and fair values of financial instruments not recorded at fair value on a recurring basis as of July 2, 2011 and December 25, 2010 were as follows:

	July 2, 2011				December 25, 2010
	Carrying		Fair		Carrying		Fair
(In Millions)	Amount		Value		Amount		Value
Non-marketable equity investments	$	2,713	$	5,725	$	2,633	$	5,144
Marketable equity method investment	$	34	$	103	$	31	$	167
Loans receivable	$	230	$	230	$	208	$	208
Long-term debt	$	1,962	$	2,204	$	1,949	$	2,283