Supplemental Balance Sheet Information (Tables)

3 Months Ended

Mar. 26, 2022

Balance Sheet Related Disclosures [Abstract]

Inventories

Inventories	March 26, 2022		December 25, 2021
	(In millions)
Raw materials	$	112	$	82
Work in process	1,966		1,676
Finished goods	353		197
Total inventories	$	2,431	$	1,955

Property and Equipment, Net

Property and Equipment, net	March 26, 2022		December 25, 2021
	(In millions)
Land	$	120	$	—
Building and leasehold improvements	562		206
Equipment	1,766		1,534
Construction in progress	144		96
Property and equipment, gross	2,592		1,836
Accumulated depreciation	(1,186)		(1,134)
Total property and equipment, net	$	1,406	$	702

Other Non-Current Assets

Other Non-Current Assets	March 26, 2022		December 25, 2021
	(In millions)
Long-term prepaid supply agreements	$	798	$	916
Software and technology licenses, net	516		328
Other	391		234
Total other non-current assets	$	1,705	$	1,478

Accrued Liabilities

Accrued Liabilities	March 26, 2022		December 25, 2021
	(In millions)
Accrued marketing programs	$	964	$	933
Accrued compensation and benefits	744		705
Other accrued and current liabilities	1,362		786
Total accrued liabilities	$	3,070	$	2,424

Schedule of Other Current Assets

Prepaid Expenses and Other Current Assets	March 26, 2022		December 25, 2021
	(In millions)
Prepaid supply agreements	$	449	$	74
Other	276		238
Total prepaid expenses and other current assets	$	725	$	312

Prepaid supply agreements relate to the short-term portion of payments made to vendors to secure long-term supply capacity.