Investments (Tables)

9 Months Ended

Oct. 01, 2022

Investments Classified by Contractual Maturity Date [Table Text Block]

The fair value of marketable debt investments, by contractual maturity, as of October 1, 2022, was as follows:


(In Millions)	Fair Value
Due in 1 year or less	$	11,457
Due in 1–2 years	2,208
Due in 2–5 years	4,962
Due after 5 years	720
Instruments not due at a single maturity date	861
Total	$	20,208

Investment [Table Text Block]


(In Millions)	Oct 1, 2022		Dec 25, 2021
Marketable equity securities	$	1,185	$	2,171
Non-marketable equity securities	4,626		4,111
Equity method investments	11		16
Total	$	5,822	$	6,298

Gain (Loss) on Securities [Table Text Block]

The components of gains (losses) on equity investments, net for each period were as follows:


	Three Months Ended				Nine Months Ended
(In Millions)	Oct 1, 2022		Sep 25, 2021		Oct 1, 2022		Sep 25, 2021
Ongoing mark-to-market adjustments on marketable equity securities	$	(244)	$	(192)	$	(883)	$	(345)
Observable price adjustments on non-marketable equity securities	67		79		273		702
Impairment charges	(45)		(38)		(112)		(111)
Sale of equity investments and other¹	71		1,858		4,804		2,124
Total gains (losses) on equity investments, net	$	(151)	$	1,707	$	4,082	$	2,370

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 Ended				Nine Months Ended
(In Millions)	Oct 1, 2022		Sep 25, 2021		Oct 1, 2022		Sep 25, 2021
Net gains (losses) recognized during the period on equity securities	$	(154)	$	346	$	(490)	$	883
Less: Net (gains) losses recognized during the period on equity securities sold during the period	1		(46)		15		(189)
Unrealized gains (losses) recognized during the reporting period on equity securities still held at the reporting date	$	(153)	$	300	$	(475)	$	694