Supplemental Balance Sheet Information (Tables)

6 Months Ended

Jun. 25, 2022

Balance Sheet Related Disclosures [Abstract]

Inventories

Inventories	June 25, 2022		December 25, 2021
	(In millions)
Raw materials	$	160	$	82
Work in process	2,171		1,676
Finished goods	317		197
Total inventories	$	2,648	$	1,955

Property and Equipment, Net

Property and Equipment, net	June 25, 2022		December 25, 2021
	(In millions)
Land	$	120	$	—
Building and leasehold improvements	581		206
Equipment	1,892		1,534
Construction in progress	159		96
Property and equipment, gross	2,752		1,836
Accumulated depreciation	(1,311)		(1,134)
Total property and equipment, net	$	1,441	$	702

Other Non-Current Assets

Other Non-Current Assets	June 25, 2022		December 25, 2021
	(In millions)
Long-term prepaid supply agreements	$	769	$	916
Software and technology licenses, net	505		328
Other	383		234
Total other non-current assets	$	1,657	$	1,478

Accrued Liabilities

Accrued Liabilities	June 25, 2022		December 25, 2021
	(In millions)
Accrued marketing programs	$	1,021	$	933
Accrued compensation and benefits	741		705
Other accrued and current liabilities	1,312		786
Total accrued liabilities	$	3,074	$	2,424

Schedule of Other Current Assets

Prepaid Expenses and Other Current Assets	June 25, 2022		December 25, 2021
	(In millions)
Prepaid supply agreements	$	400	$	74
Other	369		238
Total prepaid expenses and other current assets	$	769	$	312

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