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Supplemental Balance Sheet Information (Tables)
9 Months Ended
Sep. 25, 2021
Balance Sheet Related Disclosures [Abstract]  
Short-term Investments
September 25,
2021
December 26,
2020
 (In millions)
Commercial paper$974 $295 
Time deposits194 400 
Total short-term investments$1,168 $695 
Inventories Inventories
September 25,
2021
December 26,
2020
 (In millions)
Raw materials$85 $93 
Work in process1,738 1,139 
Finished goods79 167 
Total inventories$1,902 $1,399 
Property and Equipment, Net
Property and Equipment, net
September 25,
2021
December 26,
2020
 (In millions)
Leasehold improvements$187 $208 
Equipment1,410 1,209 
Construction in progress172 136 
Property and equipment, gross1,769 1,553 
Accumulated depreciation(1,052)(912)
Total property and equipment, net$717 $641 
Other Non-Current Assets
Other Non-Current Assets
September 25,
2021
December 26,
2020
(In millions)
Software technology and licenses, net$203 $229 
Prepaid long-term supply agreements355 — 
Other212 144 
Total other non-current assets$770 $373 
Prepaid long-term supply agreements relate to payments made to vendors to secure long-term supply capacity.
Accrued Liabilities
Accrued Liabilities
September 25,
2021
December 26,
2020
 (In millions)
Accrued marketing programs and advertising expenses$907 $839 
Accrued compensation and benefits567 513 
Other accrued and current liabilities574 444 
Total accrued liabilities$2,048 $1,796