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Investments
 9 Months Ended
Sep. 28, 2019
Investments [Abstract]  
Investments Investments

Available-for-sale investments at September 28, 2019 were as follows:
(In thousands)
 
Adjusted Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
Money market funds
 
$
140,504

 
$
—

 
$
—

 
$
140,504

Time deposits
 
59,585

 
—

 
—

 
59,585

Commercial paper
 
27,400

 
—

 
—

 
27,400

Total cash equivalents
 
227,489

 
—

 
—

 
227,489

 
 
 
 
 
 
 
 
 
Short-term investments:
 
 
 
 
 
 
 
 
Time deposits
 
5,690

 
—

 
—

 
5,690

Commercial paper
 
17,750

 
13

 
(10
)
 
17,753

Government and corporate bonds
 
104,077

 
53

 
(29
)
 
104,101

Total short-term investments
 
127,517

 
66

 
(39
)
 
127,544

 
 
 
 
 
 
 
 
 
Long-term investments:
 
 
 
 
 
 
 
 
Government and corporate bonds
 
81,431

 
78

 
(54
)
 
81,455

 
 
 
 
 
 
 
 
 
Total available-for-sale investments
 
$
436,437


$
144


$
(93
)

$
436,488


Available-for-sale investments at December 29, 2018 were as follows:
(In thousands)
 
Adjusted Cost
 
Gross Unrealized Gains
 
Gross Unrealized Losses
 
Fair Value
 
 
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
 
Money market funds
 
$
76,471

 
$
—

 
$
—

 
$
76,471

Time deposits
 
71,461

 
—

 
—

 
71,461

Commercial Paper
 
10,000

 
—

 
—

 
10,000

Total cash equivalents
 
157,932


—


—


157,932

 
 
 
 
 
 
 
 
 
Short-term investments:
 
 
 
 
 
 
 
 
Time deposits
 
31,947

 
—

 
—

 
31,947

Commercial paper
 
75,445

 
—

 
(91
)
 
75,354

Government and corporate bonds
 
294,941

 
1

 
(958
)
 
293,984

Total short-term investments
 
402,333


1


(1,049
)

401,285

 
 
 
 
 
 
 
 
 
Long-term investments:
 
 
 
 
 
 
 
 
Government and corporate bonds
 
18,247

 
—

 
(55
)
 
18,192

 
 
 
 
 
 
 
 
 
Total available-for-sale investments
 
$
578,512


$
1


$
(1,104
)

$
577,409



We sold available-for-sale investments for proceeds of $181 million and $45 million during the nine months ended September 28, 2019 and September 29, 2018, respectively, resulting in insignificant gains/losses in each period.

Other Investments

At September 28, 2019 and December 29, 2018, we had equity investments that do not have readily determinable fair values of $314 million and $277 million, respectively, accounted for in accordance with Accounting Standards Codification ("ASC") Topic 321, Investments-Equity Securities. Such investments are included in long-term investments in our condensed consolidated balance sheets. We did not record any changes in the measurement of such investments for the nine months ended September 28, 2019 and September 29, 2018, respectively.