Investments (Tables)

12 Months Ended

Dec. 31, 2016

Available-for-Sale Investments



	December 31, 2016									December 26, 2015
(In Millions)	Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value		Adjusted Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
Corporate debt	$	3,847	$	4	$	(14	)	$	3,837	$	4,169	$	3	$	(11	)	$	4,161
Financial institution instruments	6,098		5		(11		)	6,092		11,140		1		(2		)	11,139
Government debt	1,581		—		(8		)	1,573		748		—		(1		)	747
Marketable equity securities	2,818		3,363		(1		)	6,180		3,254		2,706		—			5,960
Total available-for-sale investments	$	14,344	$	3,372	$	(34	)	$	17,682	$	19,311	$	2,710	$	(14	)	$	22,007

Equity method investments, classified within other long-term assets, at the end of each period were as follows:



	December 31, 2016				December 26, 2015
(Dollars In Millions)	Carrying Value		Ownership Percentage		Carrying Value		Ownership Percentage
IM Flash Technologies, LLC	$	849	49	%	$	872	49	%
Cloudera, Inc.	225		16	%	256		17	%
Other equity method investments	254				462
Total	$	1,328			$	1,590

The fair value of available-for-sale debt investments, by contractual maturity, as of December 31, 2016 were as follows:



(In Millions)	Fair Value
Due in 1 year or less	$	4,866
Due in 1–2 years	1,956
Due in 2–5 years	2,760
Instruments not due at a single maturity date	1,920
Total	$	11,502