Fair Value (Tables)

9 Months Ended

Sep. 26, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

ASSETS AND LIABILITIES MEASURED AND RECORDED AT FAIR VALUE ON A RECURRING BASIS

	Sep 26, 2020								Dec 28, 2019
	Fair Value Measured and Recorded at Reporting Date Using								Fair Value Measured and Recorded at Reporting Date Using
(In Millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
Corporate debt	$	—	$	—	$	—	$	—	$	—	$	713	$	—	$	713
Financial institution instruments¹	1,012		467		—		1,479		1,064		408		—		1,472
Government debt²	—		50		—		50		—		—		—		—
Reverse repurchase agreements	—		1,250		—		1,250		—		1,500		—		1,500
Short-term investments:
Corporate debt	—		442		—		442		—		347		—		347
Financial institution instruments¹	—		1,547		—		1,547		—		724		—		724
Government debt²	—		998		—		998		—		11		—		11
Trading assets:
Corporate debt	—		3,845		—		3,845		—		2,848		—		2,848
Financial institution instruments¹	220		2,670		—		2,890		87		1,578		—		1,665
Government debt²	—		5,175		—		5,175		—		3,334		—		3,334
Other current assets:
Derivative assets	15		310		—		325		50		230		—		280
Loans receivable³	—		361		—		361		—		—		—		—
Marketable equity securities	357		124		—		481		450		—		—		450
Other long-term investments:
Corporate debt	—		1,727		—		1,727		—		1,898		—		1,898
Financial institution instruments¹	—		425		—		425		—		825		—		825
Government debt²	—		568		—		568		—		553		—		553
Other long-term assets:
Derivative assets	—		1,648		31		1,679		—		690		16		706
Loans receivable³	—		215		—		215		—		554		—		554
Total assets measured and recorded at fair value	$	1,604	$	21,822	$	31	$	23,457	$	1,651	$	16,213	$	16	$	17,880
Liabilities
Other accrued liabilities:
Derivative liabilities	$	52	$	556	$	—	$	608	$	3	$	287	$	—	$	290
Other long-term liabilities:
Derivative liabilities	—		26		—		26		—		13		—		13
Total liabilities measured and recorded at fair value	$	52	$	582	$	—	$	634	$	3	$	300	$	—	$	303

¹Level 1 investments consist of money market funds. Level 2 investments consist primarily of commercial paper, certificates of deposit, time deposits, and notes and bonds issued by financial institutions.

²Level 2 investments consist primarily of U.S. agency notes and non-U.S. government debt.

³The fair value of our loans receivable for which we elected the fair value option did not significantly differ from the contractual principal balance based on the contractual currency.