Balance Sheet Account Details (Tables)
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3 Months Ended |
Mar. 31, 2019 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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Summary of Short-term Investments |
Available-for-sale debt securities, included in short-term investments, consisted of the following (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2019 | | December 30, 2018 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Estimated Fair Value | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Estimated Fair Value | Debt securities in government sponsored entities | $ | 21 |
| | $ | — |
| | $ | — |
| | $ | 21 |
| | $ | 21 |
| | $ | — |
| | $ | — |
| | $ | 21 |
| Corporate debt securities | 716 |
| | 2 |
| | (1 | ) | | 717 |
| | 1,060 |
| | — |
| | (2 | ) | | 1,058 |
| U.S. Treasury securities | 566 |
| | — |
| | — |
| | 566 |
| | 1,250 |
| | 1 |
| | (1 | ) | | 1,250 |
| Total | $ | 1,303 |
| | $ | 2 |
| | $ | (1 | ) | | $ | 1,304 |
| | $ | 2,331 |
| | $ | 1 |
| | $ | (3 | ) | | $ | 2,329 |
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Summary of Contractual Maturities of Available-for-sale Debt Securities |
Contractual maturities of available-for-sale debt securities, as of March 31, 2019, were as follows (in millions): | | | | | | Estimated Fair Value | Due within one year | $ | 711 |
| After one but within five years | 593 |
| Total | $ | 1,304 |
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Summary of Inventory |
Inventory consisted of the following (in millions): | | | | | | | | | | March 31, 2019 | | December 30, 2018 | Raw materials | $ | 115 |
| | $ | 117 |
| Work in process | 234 |
| | 218 |
| Finished goods | 63 |
| | 51 |
| Total inventory | $ | 412 |
| | $ | 386 |
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Summary of Property and Equipment |
Property and equipment, net consisted of the following (in millions): | | | | | | | | | | March 31, 2019 | | December 30, 2018 | Leasehold improvements | $ | 622 |
| | $ | 567 |
| Machinery and equipment | 390 |
| | 382 |
| Computer hardware and software | 256 |
| | 217 |
| Furniture and fixtures | 48 |
| | 45 |
| Buildings | 44 |
| | 285 |
| Construction in progress | 46 |
| | 100 |
| Total property and equipment, gross | 1,406 |
| | 1,596 |
| Accumulated depreciation | (554 | ) | | (521 | ) | Total property and equipment, net | $ | 852 |
| | $ | 1,075 |
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Summary of Leases |
As of March 31, 2019, the maturities of our operating lease liabilities were as follows (in millions): | | | | | | Remaining Lease Payments | 2019 | $ | 64 |
| 2020 | 85 |
| 2021 | 82 |
| 2022 | 85 |
| 2023 | 86 |
| Thereafter | 621 |
| Total remaining lease payments | 1,023 |
| Less: imputed interest | (253 | ) | Total operating lease liabilities | 770 |
| Less: current portion | (52 | ) | Long-term operating lease liabilities | $ | 718 |
| Weighted-average remaining lease term | 12 years |
| Weighted-average discount rate | 4.6 | % |
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Components of Lease Costs |
The components of our lease costs included in our condensed consolidated statements of income were as follows (in millions): | | | | | | Three months ended | | March 31, 2019 | Operating lease costs | $ | 22 |
| Sublease income | (3 | ) | Total lease costs | $ | 19 |
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Summary of Accrued Liabilities |
Accrued liabilities consisted of the following (in millions): | | | | | | | | | | March 31, 2019 | | December 30, 2018 | Contract liabilities, current portion | $ | 169 |
| | $ | 175 |
| Accrued compensation expenses | 105 |
| | 193 |
| Accrued taxes payable | 83 |
| | 82 |
| Operating lease liabilities, current portion | 52 |
| | — |
| Other, including warranties | 64 |
| | 63 |
| Total accrued liabilities | $ | 473 |
| | $ | 513 |
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Summary of Changes in Reserve for Product Warranties |
Changes in the reserve for product warranties during the three months ended March 31, 2019 and April 1, 2018 were as follows (in millions): | | | | | | | | | | Three Months Ended | | March 31, 2019 | | April 1, 2018 | Balance at beginning of period | $ | 19 |
| | $ | 17 |
| Additions charged to cost of product revenue | 3 |
| | 6 |
| Repairs and replacements | (6 | ) | | (7 | ) | Balance at end of period | $ | 16 |
| | $ | 16 |
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Summary of Activity of Redeemable Noncontrolling Interests |
The activity of the redeemable noncontrolling interests during the three months ended March 31, 2019 was as follows (in millions): | | | | | | Redeemable Noncontrolling Interests | Balance as of December 30, 2018 | $ | 61 |
| Vesting of redeemable equity awards | 1 |
| Net loss attributable to noncontrolling interests | (7 | ) | Adjustment down to the redemption value | (18 | ) | Balance as of March 31, 2019 | $ | 37 |
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