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Investments
 9 Months Ended
Sep. 27, 2014
Investments [Abstract]  
Investments
Investments

Available-for-sale investments at September 27, 2014 were as follows:
(In thousands)
 
Adjusted Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
Money market funds
 
$
213,003

 
$
—

 
$
—

 
$
213,003

Time deposits
 
11,354

 
—

 
—

 
11,354

Commercial paper
 
62,575

 
—

 
—

 
62,575

Government and corporate bonds
 
2,500

 
—

 
—

 
2,500

Total cash equivalents
 
289,432

 
—

 
—

 
289,432

 
 
 
 
 
 
 
 
 
Short-term investments:
 
 
 
 
 
 
 
 
Time deposits
 
83,402

 
1

 
(8
)
 
83,395

Commercial paper
 
441,455

 
8

 
(98
)
 
441,365

Government and corporate bonds
 
310,426

 
131

 
(48
)
 
310,509

Total short-term investments
 
835,283

 
140

 
(154
)
 
835,269

 
 
 
 
 
 
 
 
 
Long-term investments:
 
 
 
 
 
 
 
 
Government and corporate bonds
 
213,992

 
48

 
(336
)
 
213,704

 
 
 
 
 
 
 
 
 
Total available-for-sale investments
 
$
1,338,707


$
188


$
(490
)

$
1,338,405


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 September 27, 2014 and December 28, 2013 were $8.7 million and $7.2 million, respectively. Investments reported under the equity method of accounting as of September 27, 2014 and December 28, 2013 were $4.0 million and $5.0 million, respectively.

We sold available-for-sale investments for proceeds of $659.7 million and $109.9 million during the nine months ended September 27, 2014 and September 28, 2013, respectively, resulting in insignificant gains in each period.