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Fair Value Measurements (Tables)
12 Months Ended
Jan. 02, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Financial Assets Measured on a Recurring Basis
The classifications within the fair value hierarchy of our financial assets that were measured and recorded at fair value on a recurring basis were as follows (in thousands):
December 31, 2025
Level 1
Level 2
Total
Commercial paper$— $241,439 $241,439 
Corporate bonds— 886,500 886,500 
U.S. Treasury and government-sponsored enterprises— 155,139 155,139 
Municipal bonds— 8,764 8,764 
Total debt securities available-for-sale— 1,291,842 1,291,842 
Money market funds304,352 — 304,352 
Certificates of deposit— 66,388 66,388 
Total financial assets carried at fair value$304,352 $1,358,230 $1,662,582 
December 31, 2024
Level 1
Level 2
Total
Commercial paper$— $172,891 $172,891 
Corporate bonds— 1,011,366 1,011,366 
U.S. Treasury and government-sponsored enterprises— 338,393 338,393 
Municipal bonds— 3,001 3,001 
Total debt securities available-for-sale— 1,525,651 1,525,651 
Money market funds145,690 — 145,690 
Certificates of deposit— 77,226 77,226 
Total financial assets carried at fair value$145,690 $1,602,877 $1,748,567