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Financial Instruments (Tables) - USD ($)
$ in Millions
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Schedule of Investments [Line Items]    
Financial Instruments Not Recorded at Fair Value on a Recurring Basis
The carrying amounts and estimated fair values of the Company’s long-term debt are as follows:
 December 30, 2023December 31, 2022
 Carrying
Amount
Estimated
Fair Value
Carrying
Amount
Estimated
Fair Value
 (In millions)(In millions)
Current portion of long-term debt, net$751 $741 $— $— 
Long-term debt, net of current portion$1,717 $1,630 $2,467 $2,281 
 
Fair Value, by Balance Sheet Grouping [Table Text Block]
Financial Instruments Recorded at Fair Value on a Recurring Basis
December 30, 2023December 31, 2022
(In millions)Level 1Level 2TotalLevel 1Level 2Total
Cash equivalents
Money market funds$969 $— $969 $3,017 $— $3,017 
Corporate debt securities— 753 753 — 224 224 
U.S. government and agency securities1,252 — 1,252 — — — 
Non-U.S. government and agency securities— 135 135 — — — 
Time deposits and certificates of deposits— 205 205 — 158 158 
Short-term investments
Corporate debt securities— 506 506 — 441 441 
Time deposits and certificates of deposits— — — — 
Asset-backed and mortgage-backed securities— 34 34 — 39 39 
U.S. government and agency securities1,209 28 1,237 466 — 466 
Non-U.S. government and agency securities— 54 54 — 74 74 
Other non-current assets
Time deposits and certificates of deposits— — 
Equity investments— — — — 
Deferred compensation plan investments133 — 133 90 — 90 
Total assets measured at fair value$3,563 $1,725 $5,288 $3,581 $945 $4,526 
 
Investments Classified by Contractual Maturity Date
The contractual maturities of investments classified as available-for-sale are as follows:
December 30, 2023December 31, 2022
Amortized CostFair ValueAmortized CostFair Value
(In millions)(In millions)
Due within 1 year$3,792 $3,792 $1,224 $1,218 
Due in 1 year through 5 years361 364 159 156 
Due in 5 years and later32 30 41 38 
$4,185 $4,186 $1,424 $1,412 
 
Investment Holdings, Schedule of Investments
The following is a summary of cash equivalents and short-term investments:
December 30, 2023December 31, 2022
Cost/ Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueCost/ Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair Value
(in millions)(in millions)
Asset-backed and mortgage-backed securities$35 $— $(2)$33 $42 $— $(3)$39 
Corporate debt securities1,259 — — 1,259 669 — (4)665 
Money market funds969 — — 969 3,017 — — 3,017 
Time deposits and certificates of deposits214 — — 214 159 — — 159 
U.S. government and agency securities2,487 — 2,490 471 — (5)466 
Non-U.S. government and agency securities189 — — 189 74 — — 74 
$5,153 $$(2)$5,154 $4,432 $— $(12)$4,420 
 
Fair Value, Recurring    
Schedule of Investments [Line Items]    
Assets, Fair Value Disclosure $ 5,288 $ 4,526
Level 2    
Schedule of Investments [Line Items]    
Assets, Fair Value Disclosure 1,725 945
Level 1    
Schedule of Investments [Line Items]    
Assets, Fair Value Disclosure 3,563 3,581
Short-term Investments | Fair Value, Recurring | Commercial Paper    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 506 441
Short-term Investments | Fair Value, Recurring | Bank Time Deposits [Member]    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 9 0
Short-term Investments | Level 2 | Fair Value, Recurring | Commercial Paper    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 506 441
Short-term Investments | Level 2 | Fair Value, Recurring | Bank Time Deposits [Member]    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 9 0
Short-term Investments | Level 1 | Fair Value, Recurring | Commercial Paper    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 0 0
Short-term Investments | Level 1 | Fair Value, Recurring | Bank Time Deposits [Member]    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 0 0
Other Noncurrent Assets | Fair Value, Recurring | Bank Time Deposits [Member]    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 1 9
Other Noncurrent Assets | Fair Value, Recurring | Equity Securities    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 0 8
Other Noncurrent Assets | Level 2 | Fair Value, Recurring | Bank Time Deposits [Member]    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 1 9
Other Noncurrent Assets | Level 2 | Fair Value, Recurring | Equity Securities    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 0 0
Other Noncurrent Assets | Level 1 | Fair Value, Recurring | Bank Time Deposits [Member]    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure 0 0
Other Noncurrent Assets | Level 1 | Fair Value, Recurring | Equity Securities    
Schedule of Investments [Line Items]    
Investments, Fair Value Disclosure $ 0 $ 8