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Financial Instruments - Investments - Unrealized Gains and Losses Related to Equity Securities (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Fair Value Disclosures [Abstract]        
Net (gains)/losses recognized during the period on equity securities [1] $ (75) $ 342 $ 295 [2] $ 317 [2]
Less: Net (gains)/losses recognized during the period on equity securities sold during the period (10) (2) (934) (216)
Net unrealized (gains)/losses during the reporting period on equity securities still held at the reporting date [3] $ (65) $ 344 $ 1,230 $ 533
[1] Reported in Other (income)/deductions––net. See Note 4.
[2] The net losses in the first six months of 2025 include, among other things, a net loss of $144 million related to our investment in Haleon, composed of unrealized losses of $1.0 billion, partially offset by $900 million in realized gains on the sales of our remaining investment.
[3] Included in net unrealized (gains)/losses are observable price changes on equity securities without readily determinable fair values. As of June 29, 2025, there were cumulative impairments and downward adjustments of $435 million and upward adjustments of $239 million. Impairments, downward and upward adjustments were not material to our operations in the second quarters and first six months of 2025 and 2024.