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Investments
 3 Months Ended
Mar. 29, 2014
Investments [Abstract]  
Investments
Investments

Available-for-sale investments at March 29, 2014 were as follows:
(In thousands)
 
Adjusted Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
Money market funds
 
$
61,473

 
$
—

 
$
—

 
$
61,473

Time deposits
 
11,471

 
—

 
—

 
11,471

Government and corporate bonds
 
1,630

 
—

 
—

 
1,630

Total cash equivalents
 
74,574

 
—

 
—

 
74,574

 
 
 
 
 
 
 
 
 
Short-term investments:
 
 
 
 
 
 
 
 
Time deposits
 
71,521

 
4

 
(2
)
 
71,523

Commercial paper
 
28,500

 
9

 
(1
)
 
28,508

Government and corporate bonds
 
710,928

 
519

 
(151
)
 
711,296

Total short-term investments
 
810,949

 
532

 
(154
)
 
811,327

 
 
 
 
 
 
 
 
 
Long-term investments:
 
 
 
 
 
 
 
 
Government and corporate bonds
 
423,887

 
335

 
(207
)
 
424,015

 
 
 
 
 
 
 
 
 
Total available-for-sale investments
 
$
1,309,410


$
867


$
(361
)

$
1,309,916


Available-for-sale investments at December 28, 2013 were as follows:
(In thousands)
 
Adjusted Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
Money market funds
 
$
57,254

 
$
—

 
$
—

 
$
57,254

Time deposits
 
7,771

 
—

 
—

 
7,771

Commercial paper
 
3,000

 
—

 
—

 
3,000

Government and corporate bonds
 
410

 
—

 
—

 
410

Total cash equivalents
 
68,435

 
—

 
—

 
68,435

 
 
 
 
 
 
 
 
 
Short-term investments:
 
 
 
 
 
 
 
 
Time deposits
 
70,303

 
12

 
—

 
70,315

Commercial paper
 
33,750

 
1

 
(9
)
 
33,742

Government and corporate bonds
 
572,670

 
356

 
(79
)
 
572,947

Total short-term investments
 
676,723

 
369

 
(88
)
 
677,004

 
 
 
 
 
 
 
 
 
Long-term investments:
 
 
 
 
 
 
 
 
Government and corporate bonds
 
542,644

 
346

 
(279
)
 
542,711

 
 
 
 
 
 
 
 
 
Total available-for-sale investments
 
$
1,287,802

 
$
715

 
$
(367
)
 
$
1,288,150



Investments reported under the cost method of accounting as of March 29, 2014 and December 28, 2013 were $8.2 million and $7.2 million, respectively. Investments reported under the equity method of accounting as of March 29, 2014 and December 28, 2013 were $4.8 million and $5.0 million, respectively.

We sold available-for-sale investments for proceeds of $54.8 million and $4.5 million during the three months ended March 29, 2014 and March 30, 2013, respectively, resulting in insignificant gains in each period.