Supplemental Balance Sheet Information (Tables)

12 Months Ended

Dec. 25, 2021

Balance Sheet Related Disclosures [Abstract]

Inventories, net

Inventories	December 25, 2021		December 26, 2020
	(In millions)
Raw materials	$	82	$	93
Work in process	1,676		1,139
Finished goods	197		167
Total inventories	$	1,955	$	1,399

Property and Equipment, net

Property and Equipment, net	December 25, 2021		December 26, 2020
	(In millions)
Leasehold improvements	$	206	$	208
Equipment	1,534		1,209
Construction in progress	96		136
Property and equipment, gross	1,836		1,553
Accumulated depreciation	(1,134)		(912)
Total property and equipment, net	$	702	$	641

Other Non-current Assets

Other Non-current Assets	December 25, 2021		December 26, 2020
	(In millions)
Prepaid long-term supply agreements	$	916	$	—
Software and technology licenses, net	328		229
Other	234		144
Total other non-current assets	$	1,478	$	373

Prepaid long-term supply agreements relate to payments made to vendors to secure long-term supply capacity.

Accrued Liabilities

Accrued Liabilities	December 25, 2021		December 26, 2020
	(In millions)
Accrued marketing programs	$	933	$	839
Accrued compensation and benefits	705		513
Other accrued and current liabilities	786		444
Total accrued liabilities	$	2,424	$	1,796

Investment

Short-term Investments	December 25, 2021		December 26, 2020
	(In millions)
Commercial paper	$	880	$	295
Time deposits	193		400
Total short-term investments	$	1,073	$	695