Income Taxes (Tables)

12 Months Ended

Dec. 25, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Years Ended (In Millions)	Dec 25, 2021			Dec 26, 2020			Dec 28, 2019
Income before taxes:
US	$	9,361		$	15,452		$	13,729
Non-US	12,342			9,626			10,329
Total income before taxes	21,703			25,078			24,058
Provision for taxes:
Current:
Federal	1,304			1,120			1,391
State	75			46			37
Non-US	1,198			1,244			1,060
Total current provision for taxes	2,577			2,410			2,488
Deferred:
Federal	(863)			1,369			597
State	(25)			25			1
Non-US	146			375			(76)
Total deferred provision for taxes	(742)			1,769			522
Total provision for taxes	$	1,835		$	4,179		$	3,010
Effective tax rate	8.5		%	16.7		%	12.5		%

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Years Ended (In Millions)	Dec 25, 2021			Dec 26, 2020			Dec 28, 2019
Income before taxes:
US	$	9,361		$	15,452		$	13,729
Non-US	12,342			9,626			10,329
Total income before taxes	21,703			25,078			24,058
Provision for taxes:
Current:
Federal	1,304			1,120			1,391
State	75			46			37
Non-US	1,198			1,244			1,060
Total current provision for taxes	2,577			2,410			2,488
Deferred:
Federal	(863)			1,369			597
State	(25)			25			1
Non-US	146			375			(76)
Total deferred provision for taxes	(742)			1,769			522
Total provision for taxes	$	1,835		$	4,179		$	3,010
Effective tax rate	8.5		%	16.7		%	12.5		%

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The difference between the tax provision at the statutory federal income tax rate and the tax provision as a percentage of income before income taxes (effective tax rate) for each period was as follows:

Years Ended	Dec 25, 2021		Dec 26, 2020		Dec 28, 2019
Statutory federal income tax rate	21.0	%	21.0	%	21.0	%
Increase (reduction) in rate resulting from:
Non-US income taxed at different rates	(5.9)		(3.7)		(3.7)
Research and development tax credits	(2.4)		(2.1)		(2.3)
Restructuring of certain non-U.S. subsidiaries	(3.4)		—		—
Foreign derived intangible income benefit	(2.2)		(1.9)		(3.2)
Change in permanent reinvestment assertion	—		1.6		—
Other	1.4		1.8		0.7
Effective tax rate	8.5	%	16.7	%	12.5	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. Significant components of our deferred tax assets and liabilities at the end of each period were as follows:

(In Millions)	Dec 25, 2021		Dec 26, 2020
Deferred tax assets:
Accrued compensation and other benefits	$	1,019	$	865
Share-based compensation	477		324
Litigation charge	467		—
Inventory	914		835
R&D expenditures capitalization	519		—
State credits and net operating losses	2,010		1,829
Other, net	819		617
Gross deferred tax assets	6,225		4,470
Valuation allowance	(2,259)		(1,963)
Total deferred tax assets	3,966		2,507
Deferred tax liabilities:
Property, plant and equipment	(4,213)		(3,109)
Licenses and intangibles	(486)		(725)
Unrealized gains on investments and derivatives	(819)		(735)
Unremitted earnings of non-US subsidiaries	—		(403)
Other, net	(241)		(146)
Total deferred tax liabilities	(5,759)		(5,118)
Net deferred tax assets (liabilities)	$	(1,793)	$	(2,611)
Reported as:
Deferred tax assets	874		1,232
Deferred tax liabilities	(2,667)		(3,843)
Net deferred tax assets (liabilities)	$	(1,793)	$	(2,611)

Summary of Valuation Allowance [Table Text Block]

Change in valuation allowance for deferred tax assets were as follows:

Years Ended (In Millions)	Balance at Beginning of Year		Additions Charged to Expenses/ Other Accounts		Net (Deductions) Recoveries		Balance at End of Year
Valuation allowance for deferred tax assets
December 25, 2021	$	1,963	$	442	$	(146)	$	2,259
December 26, 2020	$	1,534	$	378	$	51	$	1,963
December 28, 2019	$	1,302	$	239	$	(7)	$	1,534

Schedule of Unrecognized Tax Benefits Roll Forward

Uncertain Tax Positions

(In Millions)	Dec 25, 2021		Dec 26, 2020		Dec 28, 2019
Beginning gross unrecognized tax benefits	$	828	$	548	$	283
Settlements and effective settlements with tax authorities	(25)		(142)		(4)
Changes in balances related to tax position taken during prior periods	(26)		165		122
Changes in balances related to tax position taken during current period	243		257		147
Ending gross unrecognized tax benefits	$	1,020	$	828	$	548