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Investments (Tables)
 6 Months Ended
Jun. 26, 2021
Investments and Cash [Abstract]  
Investments Classified by Contractual Maturity Date [Table Text Block]
The fair value of available-for-sale debt investments, by contractual maturity, as of June 26, 2021, was as follows:
(In Millions)
Fair Value
Due in 1 year or less
$4,826 
Due in 1–2 years
247 
Due in 2–5 years
1,015 
Due after 5 years
— 
Instruments not due at a single maturity date
829 
Total$6,917 
Investment [Table Text Block]
(In Millions)
Jun 26, 2021Dec 26, 2020
Marketable equity securities
$1,615 $1,830 
Non-marketable equity securities
4,023 3,304 
Equity method investments
17 18 
Total$5,655 $5,152 
Gain (Loss) on Securities [Table Text Block]
The components of gains (losses) on equity investments, net for each period were as follows:
 Three Months EndedSix Months Ended
(In Millions)
Jun 26, 2021Jun 27, 2020Jun 26, 2021Jun 27, 2020
Ongoing mark-to-market adjustments on marketable equity securities
$138 $165 $(153)$62 
Observable price adjustments on non-marketable equity securities
72 58 623 137 
Impairment charges
(35)(51)(73)(193)
Sale of equity investments and other¹120 95 266 150 
Total gains (losses) on equity investments, net$295 $267 $663 $156 
1 Sale of equity investments and other includes realized gains (losses) on sales of non-marketable equity investments, our share of equity method investees' gains (losses) and distributions, and initial fair value adjustments recorded upon a security becoming marketable.
Gains and losses for our marketable and non-marketable equity securities for each period were as follows:
Three Months EndedSix Months Ended
(In Millions)
Jun 26, 2021Jun 27, 2020Jun 26, 2021Jun 27, 2020
Net gains (losses) recognized during the period on equity securities
$226 $223 $537 $83 
Less: Net (gains) losses recognized during the period on equity securities sold during the period(26)(55)(125)(58)
Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date$200 $168 $412 $25