Investments and Fair Value Measurements (Tables)

6 Months Ended

Jul. 03, 2011

Investments and Fair Value Measurements [Abstract]

Financial assets and liabilities measured at fair value on a recurring basis

			Quoted Prices in
			Active Markets		Significant Other		Significant
			for Identical		Observable		Unobservable
			Assets		Inputs		Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
	(In thousands)
Money market funds	$	580,665	$	580,665	$	—	$	—
Fixed income securities		4,353,632		32,804		4,320,828		—
Equity securities		82,529		82,529		—		—
Derivative assets		12,758		—		12,758		—
Other		4,165		—		4,165		—
Total financial assets	$	5,033,749	$	695,998	$	4,337,751	$	—
Derivative liabilities	$	50,979	$	—	$	50,979	$	—
Total financial liabilities	$	50,979	$	—	$	50,979	$	—

			Quoted Prices in
			Active Markets		Significant Other		Significant
			for Identical		Observable		Unobservable
			Assets		Inputs		Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
	(In thousands)
Money market funds	$	587,973	$	587,973	$	—	$	—
Fixed income securities		4,448,837		30,803		4,418,034		—
Equity securities		90,425		90,425		—		—
Derivative assets		19,462		—		19,462		—
Other		4,379		—		4,379		—
Total financial assets	$	5,151,076	$	709,201	$	4,441,875	$	—
Derivative liabilities	$	76,762	$	—	$	76,762	$	—
Total financial liabilities	$	76,762	$	—	$	76,762	$	—

Financial assets and liabilities measured at fair value on a recurring basis

			Quoted Prices in
			Active Markets		Significant Other		Significant
			for Identical		Observable		Unobservable
			Assets		Inputs		Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
	(In thousands)
Cash equivalents(1)	$	713,140	$	584,065	$	129,075	$	—
Short-term marketable securities		1,719,354		102,821		1,616,533		—
Long-term marketable securities		2,584,332		9,112		2,575,220		—
Other current assets and other non-current assets		16,923		—		16,923		—
Total assets	$	5,033,749	$	695,998	$	4,337,751	$	—
Other current accrued liabilities	$	48,626	$	—	$	48,626	$	—
Non-current liabilities		2,353		—		2,353		—
Total liabilities	$	50,979	$	—	$	50,979	$	—

⁽¹⁾ Cash equivalents exclude cash of $261.7 million included in Cash and cash equivalents on the Condensed Consolidated Balance Sheets as of July 3, 2011.

			Quoted Prices in
			Active Markets		Significant Other		Significant
			for Identical		Observable		Unobservable
			Assets		Inputs		Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
	(In thousands)
Cash equivalents(1)	$	613,698	$	587,973	$	25,725	$	—
Short-term marketable securities		2,018,565		112,906		1,905,659		—
Long-term marketable securities		2,494,972		8,322		2,486,650		—
Other current assets and other non-current assets		23,841		—		23,841		—
Total assets	$	5,151,076	$	709,201	$	4,441,875	$	—
Other current accrued liabilities	$	33,606	$	—	$	33,606	$	—
Non-current liabilities		43,156		—		43,156		—
Total liabilities	$	76,762	$	—	$	76,762	$	—

⁽¹⁾ Cash equivalents exclude cash of $215.5 million included in Cash and cash equivalents on the Condensed Consolidated Balance Sheets as of January 2, 2011.

Available for Sale Investments

			Gross		Gross
	Amortized Cost		Unrealized Gain		Unrealized Loss			Fair Value
			(In thousands)
Fixed income securities:
U.S. Treasury and government agency securities	$	36,871	$	34	$	(4	)	$	36,901
U.S. government-sponsored agency securities		22,676		8		(16	)		22,668
Corporate notes and bonds		840,916		3,612		(284	)		844,244
Asset-backed securities		55,527		26		(71	)		55,482
Mortgage-backed securities		5,732		42		—			5,774
Municipal notes and bonds		3,372,973		17,535		(1,945	)		3,388,563
		4,334,695		21,257		(2,320	)		4,353,632
Equity investments		68,164		14,365		—			82,529
Total available-for-sale investments	$	4,402,859	$	35,622	$	(2,320	)	$	4,436,161

			Gross		Gross
	Amortized Cost		Unrealized Gain		Unrealized Loss			Fair Value
	(In thousands)
Fixed income securities:
U.S. Treasury and government agency securities	$	36,015	$	53	$	(33	)	$	36,035
U.S. government-sponsored agency securities		24,336		85		—			24,421
Corporate notes and bonds		401,182		2,689		(196	)		403,675
Asset-backed securities		10,069		45		(5	)		10,109
Mortgage-backed securities		6,500		35		—			6,535
Municipal notes and bonds		3,972,268		9,435		(13,641	)		3,968,062
		4,450,370		12,342		(13,875	)		4,448,837
Equity investments		68,525		21,900		—			90,425
Total available-for-sale investments	$	4,518,895	$	34,242	$	(13,875	)	$	4,539,262

Available-for-sale securities that were in an unrealized gain position

	Less than 12 months					Greater than 12 months
			Gross					Gross
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
	(In thousands)
U.S. Treasury and government agency securities	$	13,544	$	(4	)	$	—	$	—
U.S. government-sponsored agency securities		20,119		(16	)		—		—
Corporate notes and bonds		133,947		(284	)		—		—
Asset-backed securities		40,102		(71	)		—		—
Municipal notes and bonds		507,848		(1,945	)		—		—
Total	$	715,560	$	(2,320	)	$	—	$	—

Gross realized gains and (losses) on sales of available-for-sale securities

	Three months ended						Six months ended
	July 3, 2011			July 4, 2010			July 3, 2011			July 4, 2010
	(In thousands)
Gross realized gains	$	2,589		$	8,718		$	5,614		$	11,707
Gross realized (losses)		(79	)		(296	)		(210	)		(302	)

Fixed income securities by contractual maturity

	Amortized		Fair
	Cost		Value
	(In thousands)
Due in one year or less	$	1,766,004	$	1,769,300
Due after one year through five years		2,568,691		2,584,332
Total	$	4,334,695	$	4,353,632

Related costs and the fair values based on quoted market prices

	July 3, 2011				January 2, 2011
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
	(In thousands)
1% Sr. Convertible Notes due 2013	$	1,024,073	$	1,110,475	$	993,199	$	1,118,375
1.5% Sr. Convertible Notes due 2017		735,144		1,085,050		717,833		1,132,500
Total	$	1,759,217	$	2,195,525	$	1,711,032	$	2,250,875