Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 28, 2014

Derivative Financial Instruments (Tables) [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Total gross notional amounts for outstanding derivatives (recorded at fair value) at the end of each period were as follows:

(In Millions)	Jun 28, 2014		Dec 28, 2013		Jun 29, 2013
Currency forwards	$	12,212	$	13,404	$	12,105
Currency interest rate swaps	4,908		4,377		3,632
Embedded debt derivatives	3,600		3,600		3,600
Interest rate swaps	1,318		1,377		1,257
Total return swaps	1,040		914		817
Other	61		67		77
Total	$	23,139	$	23,739	$	21,488

The gross notional amounts for currency forwards and currency interest rate swaps (presented by currency) at the end of each period were as follows:

(In Millions)	Jun 28, 2014		Dec 28, 2013		Jun 29, 2013
British pound sterling	$	505	$	549	$	428
Chinese yuan	1,498		1,116		547
Euro	5,942		6,874		6,291
Israeli shekel	1,995		2,244		1,886
Japanese yen	3,188		4,116		3,771
Malaysian ringgit	844		506		422
Swiss franc	1,460		1,189		1,206
Other	1,688		1,187		1,186
Total	$	17,120	$	17,781	$	15,737

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The fair value of our derivative instruments at the end of each period were as follows:

	June 28, 2014								December 28, 2013
(In Millions)	Other Current Assets		Other Long-Term Assets		Other Accrued Liabilities		Other Long-Term Liabilities		Other Current Assets		Other Long-Term Assets		Other Accrued Liabilities		Other Long-Term Liabilities
Derivatives designated as hedging instruments:
Currency forwards	$	51	$	—	$	32	$	5	$	114	$	1	$	118	$	2
Other	—		—		2		—		—		—		—		—
Total derivatives designated as hedging instruments	$	51	$	—	$	34	$	5	$	114	$	1	$	118	$	2
Derivatives not designated as hedging instruments:
Currency forwards	$	25	$	—	$	55	$	—	$	66	$	—	$	63	$	—
Currency interest rate swaps	93		8		174		—		124		6		163		29
Interest rate swaps	2		—		20		—		5		—		28		—
Total return swaps	—		—		—		—		48		—		—		—
Other	—		30		—		8		—		29		—		19
Total derivatives not designated as hedging instruments	$	120	$	38	$	249	$	8	$	243	$	35	$	254	$	48
Total derivatives	$	171	$	38	$	283	$	13	$	357	$	36	$	372	$	50

Offsetting Assets And Liabilities [Table Text Block]

The gross amounts of our derivative instruments and reverse repurchase agreements subject to master netting arrangements with various counterparties and cash and non-cash collateral posted under such agreements at the end of each period were as follows:

	June 28, 2014
							Gross Amounts Not Offset in the Balance Sheet
(In Millions)	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments			Cash and Non-Cash Collateral Received or Pledged			Net Amount
Assets:
Derivative assets subject to master netting arrangements	$	157	$	—	$	157	$	(112	)	$	(8	)	$	37
Reverse repurchase agreements	553		—		553		—			(553		)	—
Total assets	$	710	$	—	$	710	$	(112	)	$	(561	)	$	37
Liabilities:
Derivative liabilities subject to master netting arrangements	$	280	$	—	$	280	$	(112	)	$	(142	)	$	26
Total liabilities	$	280	$	—	$	280	$	(112	)	$	(142	)	$	26

	December 28, 2013
							Gross Amounts Not Offset in the Balance Sheet
(In Millions)	Gross Amounts Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments			Cash and Non-Cash Collateral Received or Pledged			Net Amount
Assets:
Derivative assets subject to master netting arrangements	$	325	$	—	$	325	$	(158	)	$	(3	)	$	164
Reverse repurchase agreements	800		—		800		—			(800		)	—
Total assets	$	1,125	$	—	$	1,125	$	(158	)	$	(803	)	$	164
Liabilities:
Derivative liabilities subject to master netting arrangements	$	401	$	—	$	401	$	(158	)	$	(32	)	$	211
Total liabilities	$	401	$	—	$	401	$	(158	)	$	(32	)	$	211

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

The before-tax gains (losses), attributed to the effective portion of cash flow hedges, recognized in other comprehensive income (loss) for each period were as follows:

	Three Months Ended					Six Months Ended
(In Millions)	Jun 28, 2014			Jun 29, 2013		Jun 28, 2014			Jun 29, 2013
Currency forwards	$	5		$	47	$	40		$	(189	)
Other	(1		)	—		(3		)	1
Total	$	4		$	47	$	37		$	(188	)

Not Designated as Hedging Instrument [Member]

Derivative Financial Instruments (Tables) [Abstract]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The effects of derivative instruments not designated as hedging instruments on the consolidated condensed statements of income for each period were as follows:

		Three Months Ended						Six Months Ended
(In Millions)	Location of Gains (Losses) Recognized in Income on Derivatives	Jun 28, 2014			Jun 29, 2013			Jun 28, 2014			Jun 29, 2013
Currency forwards	Interest and other, net	$	(7	)	$	(6	)	$	(22	)	$	50
Currency interest rate swaps	Interest and other, net	26			(44		)	(28		)	56
Interest rate swaps	Interest and other, net	(4		)	3			(4		)	3
Total return swaps	Various	45			(19		)	58			29
Other	Gains (losses) on equity investments, net	1			5			2			7
Total		$	61		$	(61	)	$	6		$	145