Cash, Cash Equivalents and Current Marketable Securities (Tables)

12 Months Ended

Jan. 01, 2017

Cash and Cash Equivalents [Abstract]

At the end of 2016 and 2015, cash, cash equivalents and current marketable securities were comprised of:



(Dollars in Millions)	2016
	Carrying Amount		Unrecognized Gain	Unrecognized Loss		Estimated Fair Value	Cash & Cash Equivalents		Current Marketable Securities
Cash	$	1,979	—	—		1,979	$	1,979	—
U.S. Gov't Securities⁽¹⁾	10,832		—	(1	)	10,831	2,249		8,583
Other Sovereign Securities⁽¹⁾	1,299		—	—		1,299	120		1,179
U.S. Reverse repurchase agreements	6,103		—	—		6,103	6,103		—
Other Reverse repurchase agreements	240		—	—		240	240		—
Corporate debt securities⁽¹⁾	754		—	—		754	—		754
Money market funds	7,187		—	—		7,187	7,187		—
Time deposits⁽¹⁾	1,094		—	—		1,094	1,094		—
Subtotal	$	29,488	—	(1	)	29,487	18,972		10,516

			Unrealized Gain	Unrealized Loss
Gov't Securities	$	10,277	5	(51	)	10,231	—		10,231
Other Sovereign Securities	90		—	—		90			90
Corporate debt securities	1,777		1	(12	)	1,766	—		1,766
Equity investments	34		298			332			332
Subtotal available for sale⁽²⁾	$	12,178	304	(63	)	12,419	—		12,419

Total cash, cash equivalents and current marketable securities							$	18,972	22,935



(Dollars in Millions)	2015
	Carrying Amount		Unrecognized Gain	Unrecognized Loss		Estimated Fair Value	Cash Equivalents		Current Marketable Securities
Cash	$	1,832	—	—		1,832	1,832		—
U.S. Gov't Securities⁽¹⁾	14,641		1	(2	)	14,640	650		13,991
Other Sovereign Securities⁽¹⁾	2,122		—	—		2,122	933		1,189
U.S. Reverse repurchase agreements	1,579		—	—		1,579	1,579		—
Other Reverse repurchase agreements	2,200		—	—		2,200	2,200		—
Corporate debt securities⁽¹⁾	2,941		—	—		2,941	1,793		1,148
Money market funds	3,855		—	—		3,855	3,855		—
Time deposits⁽¹⁾	890		—	—		890	890		—
Subtotal	$	30,060	1	(2	)	30,059	13,732		16,328

			Unrealized Gain	Unrealized Loss
Gov't Securities	$	7,307	1	(34	)	7,274	—		7,274
Other Sovereign Securities	—		—	—		—			—
Corporate debt securities	1,046		1	(5	)	1,042	—		1,042
Subtotal available for sale⁽²⁾	$	8,353	2	(39	)	8,316	—		8,316

Total cash, cash equivalents and current marketable securities							$	13,732	24,644

⁽¹⁾Held to maturity investments are reported at amortized cost and realized gains or losses are reported in earnings.

⁽²⁾Available for sale securities are reported at fair value with unrealized gains and losses reported net of taxes in other comprehensive income.

Contractual Maturities of Available for Sale Securities

The contractual maturities of the available for sale debt securities at January 1, 2017 are as follows:



(Dollars in Millions)	Cost Basis		Fair Value
Due within one year	$	474	474
Due after one year through five years	11,430		11,381
Due after five years through ten years	240		232
Total debt securities	$	12,144	12,087

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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