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Recent Accounting Standards (Tables)
 3 Months Ended
Mar. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]
The following table summarizes the effects of adopting Revenue Recognition - Contracts with Customers, Financial Instruments - Recognition and Measurement, and other accounting standards on our financial statements for the fiscal year beginning December 31, 2017 as an adjustment to the opening balance:
 
 
 
 
Adjustments from
 
 

(In Millions)
 
Balance as of
Dec 30, 2017
 
Revenue Standard
 
Financial Instruments Update
 
Other1 
 
Opening Balance as of
Dec 31, 2017
Assets:
 
 
 
 
 
 
 
 
 
 
Accounts receivable
 
$
5,607

 
$
(530
)
 
$
—

 
$
—

 
$
5,077

Inventories
 
$
6,983

 
$
47

 
$
—

 
$
—

 
$
7,030

Other current assets
 
$
2,908

 
$
64

 
$
—

 
$
(8
)
 
$
2,964

Equity investments
 
$
—

 
$
—

 
$
8,579

 
$
—

 
$
8,579

Marketable equity securities
 
$
4,192

 
$
—

 
$
(4,192
)
 
$
—

 
$
—

Other long-term assets
 
$
7,602

 
$
—

 
$
(4,387
)
 
$
(43
)
 
$
3,172

 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
Deferred income
 
$
1,656

 
$
(1,356
)
 
$
—

 
$
—

 
$
300

Other accrued liabilities
 
$
7,535

 
$
81

 
$
—

 
$
—

 
$
7,616

Deferred income taxes
 
$
3,046

 
$
191

 
$
—

 
$
(20
)
 
$
3,217

 
 
 
 
 
 
 
 
 
 
 
Stockholders' equity:
 
 
 
 
 
 
 
 
 
 
Accumulated other comprehensive income (loss)
 
$
862

 
$
—

 
$
(1,745
)
 
$
(45
)
 
$
(928
)
Retained earnings
 
$
42,083

 
$
665

 
$
1,745

 
$
14

 
$
44,507


1 
Includes adjustments from adoption of "Income Taxes - Intra-Entity Transfers of Assets Other Than Inventory" and "Income Statement—Reporting Comprehensive Income - Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income."
The following table summarizes the impacts of adopting the new revenue standard on our consolidated condensed statement of income and balance sheet:
 
 
For the period ended March 31, 2018
(In Millions)
 
As reported
 
Adjustments
 
Without new revenue standard
Income Statement
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
16,066

 
$
(462
)
 
$
15,604

Cost of sales
 
6,335

 
(156
)
 
6,179

Gross margin
 
9,731

 
(306
)
 
9,425

Marketing, general and administrative
 
1,900

 
(52
)
 
1,848

Operating income
 
4,470

 
(254
)
 
4,216

Income before taxes
 
5,011

 
(254
)
 
4,757

Provision for taxes
 
557

 
(47
)
 
510

Net income
 
$
4,454

 
$
(207
)
 
$
4,247

 
 
 
 
 
 
 
Balance Sheet
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
Accounts receivable
 
$
4,879

 
$
346

 
$
5,225

Inventories
 
$
7,146

 
$
51

 
$
7,197

Other current assets
 
$
3,408

 
$
(14
)
 
$
3,394

 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
Deferred income
 
$
—

 
$
1,670

 
$
1,670

Other accrued liabilities
 
$
9,586

 
$
(181
)
 
$
9,405

Deferred income taxes
 
$
1,564

 
$
(229
)
 
$
1,335

 
 
 
 
 
 
 
Equity:
 
 
 
 
 
 
Retained earnings
 
$
44,418

 
$
(877
)
 
$
43,541