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 25, 2021 | | Dec 26, 2020 | | | | | 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 | | $ | — | | | $ | 736 | | | $ | — | | | $ | 736 | | | $ | — | | | $ | 50 | | | $ | — | | | $ | 50 | | | | Financial institution instruments¹ | | 2,035 | | | 718 | | | — | | | 2,753 | | | 2,781 | | | 636 | | | — | | | 3,417 | | | | Government debt² | | 2,200 | | | 164 | | | — | | | 2,364 | | | — | | | — | | | — | | | — | | | | Reverse repurchase agreements | | — | | | 1,350 | | | — | | | 1,350 | | | — | | | 1,900 | | | — | | | 1,900 | | | | Short-term investments: | | | | | | | | | | | | | | | | | | | Corporate debt | | — | | | 870 | | | — | | | 870 | | | — | | | 428 | | | — | | | 428 | | | | Financial institution instruments¹ | | — | | | 2,066 | | | — | | | 2,066 | | | — | | | 1,179 | | | — | | | 1,179 | | | | Government debt² | | — | | | 1,068 | | | — | | | 1,068 | | | — | | | 685 | | | — | | | 685 | | | | Trading assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Corporate debt | | — | | | 5,121 | | | — | | | 5,121 | | | — | | | 3,815 | | | — | | | 3,815 | | | | Financial institution instruments¹ | | 67 | | | 4,014 | | | — | | | 4,081 | | | 131 | | | 2,847 | | | — | | | 2,978 | | | | Government debt² | | — | | | 13,559 | | | — | | | 13,559 | | | — | | | 8,945 | | | — | | | 8,945 | | | | Other current assets: | | | | | | | | | | | | | | | | | | | Derivative assets | | 4 | | | 323 | | | — | | | 327 | | | 48 | | | 644 | | | — | | | 692 | | | | Loans receivable³ | | — | | | 211 | | | — | | | 211 | | | — | | | 439 | | | — | | | 439 | | | | Marketable equity securities | | 272 | | | 1,792 | | | — | | | 2,064 | | | 136 | | | 1,694 | | | — | | | 1,830 | | | | Other long-term investments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Corporate debt | | — | | | 684 | | | — | | | 684 | | | — | | 1,520 | | | — | | 1,520 | | | | Financial institution instruments¹ | | — | | | 203 | | | — | | | 203 | | | — | | 257 | | | — | | 257 | | | | Government debt² | | — | | | 66 | | | — | | | 66 | | | — | | 415 | | | — | | 415 | | | | Other long-term assets: | | | | | | | | | | | | | | | | | | | Derivative assets | | — | | | 961 | | | 13 | | | 974 | | | — | | 1,520 | | | 30 | | | 1,550 | | | | Loans receivable³ | | — | | | — | | | — | | | — | | | — | | 157 | | | — | | 157 | | | | Total assets measured and recorded at fair value | | $ | 4,578 | | | $ | 33,906 | | | $ | 13 | | | $ | 38,497 | | | $ | 3,096 | | | $ | 27,131 | | | $ | 30 | | | $ | 30,257 | | | | Liabilities | | | | | | | | | | | | | | | | | | | Other accrued liabilities: | | | | | | | | | | | | | | | | | | | Derivative liabilities | | $ | 29 | | | $ | 527 | | | $ | — | | | $ | 556 | | | $ | — | | | $ | 810 | | | $ | — | | | $ | 810 | | | | | | | | | | | | | | | | | | | | | | | Other long-term liabilities: | | | | | | | | | | | | | | | | | | | Derivative liabilities | | — | | | 9 | | | — | | | 9 | | | — | | | 5 | | | — | | | 5 | | | | Total liabilities measured and recorded at fair value | | $ | 29 | | | $ | 536 | | | $ | — | | | $ | 565 | | | $ | — | | | $ | 815 | | | $ | — | | | $ | 815 | | | |
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 1 investments consist primarily of U.S. Treasury securities. Level 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.
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