Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2018

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 30, 2018		Dec 30, 2017		Jul 1, 2017
Foreign currency contracts	$	18,396	$	19,958	$	20,861
Interest rate contracts	23,349		16,823		16,781
Other	1,477		1,636		1,396
Total	$	43,222	$	38,417	$	39,038

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

FAIR VALUE OF DERIVATIVE INSTRUMENTS IN THE CONSOLIDATED CONDENSED BALANCE SHEETS



	June 30, 2018				December 30, 2017
(In Millions)	Assets ¹		Liabilities ²		Assets ¹		Liabilities ²
Derivatives designated as hedging instruments:
Foreign currency contracts ³	$	60	$	185	$	283	$	32
Interest rate contracts	24		647		1		254
Total derivatives designated as hedging instruments	84		832		284		286
Derivatives not designated as hedging instruments:
Foreign currency contracts ³	159		247		52		447
Interest rate contracts	33		25		18		24
Other	1		—		9		—
Total derivatives not designated as hedging instruments	193		272		79		471
Total derivatives	$	277	$	1,104	$	363	$	757

The amounts recorded on the consolidated condensed balance sheets related to cumulative basis adjustments for fair value hedges for each period were as follows:



Line Item in the Consolidated Condensed Balance Sheet in Which the Hedged Item Is Included	Carrying Amount of the Hedged Item Asset/(Liabilities)					Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount Assets/(Liabilities)
Years Ended (In Millions)	Jun 30, 2018		Dec 30, 2017			Jun 30, 2018		Dec 30, 2017
Long-Term Debt	$	19,389	$	(12,653	)	$	623	$	252

Offsetting Assets [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 30, 2018
							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	$	277	$	—	$	277	$	(172	)	$	(105	)	$	—
Reverse repurchase agreements	1,499		—		1,499		—			(1,499		)	—
Total assets	1,776		—		1,776		(172		)	(1,604		)	—
Liabilities:
Derivative liabilities subject to master netting arrangements	1,095		—		1,095		(172		)	(885		)	38
Total liabilities	$	1,095	$	—	$	1,095	$	(172	)	$	(885	)	$	38



	December 30, 2017
							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	$	350	$	—	$	350	$	(206	)	$	(130	)	$	14
Reverse repurchase agreements	1,649		—		1,649		—			(1,649		)	—
Total assets	1,999		—		1,999		(206		)	(1,779		)	14
Liabilities:
Derivative liabilities subject to master netting arrangements	745		—		745		(206		)	(504		)	35
Total liabilities	$	745	$	—	$	745	$	(206	)	$	(504	)	$	35

Offsetting Liabilities [Table Text Block]



	June 30, 2018
							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	$	277	$	—	$	277	$	(172	)	$	(105	)	$	—
Reverse repurchase agreements	1,499		—		1,499		—			(1,499		)	—
Total assets	1,776		—		1,776		(172		)	(1,604		)	—
Liabilities:
Derivative liabilities subject to master netting arrangements	1,095		—		1,095		(172		)	(885		)	38
Total liabilities	$	1,095	$	—	$	1,095	$	(172	)	$	(885	)	$	38



	December 30, 2017
							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	$	350	$	—	$	350	$	(206	)	$	(130	)	$	14
Reverse repurchase agreements	1,649		—		1,649		—			(1,649		)	—
Total assets	1,999		—		1,999		(206		)	(1,779		)	14
Liabilities:
Derivative liabilities subject to master netting arrangements	745		—		745		(206		)	(504		)	35
Total liabilities	$	745	$	—	$	745	$	(206	)	$	(504	)	$	35

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

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 30, 2018		Jul 1, 2017			Jun 30, 2018			Jul 1, 2017
Foreign currency contracts	Interest and other, net	$	438	$	(271	)	$	268		$	(430	)
Interest rate contracts	Interest and other, net	6		1			20			(1		)
Other	Various	27		38			(4		)	95
Total		$	471	$	(232	)	$	284		$	(336	)

Interest and other, net [Member] | Fair Value Hedging [Member]

Derivative [Line Items]

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

The effects of derivative instruments designated as fair value hedges, recognized in interest and other, net for each period were as follows:



	Three Months Ended						Six Months Ended
(In Millions)	Jun 30, 2018			Jul 1, 2017			Jun 30, 2018			Jul 1, 2017
Interest rate contracts	$	(113	)	$	96		$	(371	)	$	82
Hedged items	113			(96		)	371			(82		)
Total	$	—		$	—		$	—		$	—