Debt and Revolving Facility (Tables)

6 Months Ended

Jun. 25, 2022

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s total debt as of June 25, 2022 and December 25, 2021 consisted of the following:

	June 25, 2022		December 25, 2021
	(In millions)
7.50% Senior Notes Due August 2022 (7.50% Notes)	$	312	$	312
2.95% Senior Notes Due 2024 (Xilinx 2024 Notes)	750		—
2.125% Convertible Senior Notes Due 2026 (2.125% Notes)	1		1
2.375% Senior Notes Due 2030 (Xilinx 2030 Notes)	750		—
3.924% Senior Notes Due 2032 (3.924% Notes)	500		—
4.393% Senior Notes Due 2052 (4.393% Notes)	500		—
Total debt (principal amount)	2,813		313
Unamortized debt discount and issuance costs	(36)		—
Total debt (net)	2,777		313
Less: current portion of long-term debt	(312)		(312)
Total long-term debt	$	2,465	$	1

Schedule of Maturities of Long-term Debt

Future Debt Payment Obligations

As of June 25, 2022, the Company’s future debt payment obligations were as follows:

	Principal
Fiscal Year	(In millions)
2022	$	312
2023	—
2024	750
2025	—
2026	1
2027 and thereafter	1,750
Total	$	2,813